India’s pension fund regulatory and development authority (PFRDA) says they do not expect pension fund managers to invest in startups ventures anytime soon due to several challenges chief of which is lack of net asset value which is a pre-requisite for all investment. Startups also face the challenge of valuation. The regulator recently opened the doors to fund managers to participate in initial public offerings (IPOS) of companies with a minimum issue size of 67 million dollars ($67m) the pension regulator has however confirmed that they will not go into the valuation of companies going for IPOS and investing would be entirely the call of pension fund managers.
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