Shri S. Ramann, Chairperson, Pension Fund Regulatory and Development Authority (PFRDA), joined a fireside chat with S. Sriniwasan, Managing Director, Kotak Alternate Asset Managers, and Vice Chairperson, IVCA, on Day 1 of IVCA Conclave 2026. With Vision to Value: The New Era of Indian Alternate Capital as the theme of the Conclave, their session focused on long-term capital formation and the evolving investment landscape in India.

During the conversation, Shri Ramann highlighted the growing role of pension capital in strengthening India’s financial markets and supporting sustainable economic growth. He emphasised that deeper domestic institutional participation is critical for market stability and broadening access to long-term savings instruments.

“We’ve put this together with the NPS Trust, which holds the assets on behalf of subscribers. What we’re talking about is an AUM of about ₹17 trillion, and we have earmarked 1% of that for investment into AIFs. We’ve also got the benchmarks ready thanks to CRISIL, so the structures are now in place and it’s really about how efficiently we execute the process,” he said.

He also emphasised that improving governance standards, enhancing risk management frameworks, and aligning regulatory policies with global best practices will be vital to building a resilient and inclusive retirement savings system. A

Also Read: SEBI's Aparna Thyagarajan Highlights Women-led Climate Tech at IVCA

“It goes down to a matter of disclosure, trust, and the ability of the ecosystem to demonstrate transparency and efficiency. Each fund manager and GP has the responsibility to meet the governance standards that institutional capital expects,” Shri Ramann added.

The IVCA Conclave, the annual gathering of India’s alternate capital ecosystem, convened regulators, policymakers, domestic and global investors, and industry leaders to explore the opportunities and challenges shaping this dynamic landscape.