Regstreet Law Advisors team is pleased to share that our Founder, Mr. Sumit Agrawal, former SEBI Officer, has been appointed as a Member of the Committee for Strategic Asset Allocation and Risk Governance (SAARG) constituted by the PFRDA- Pension Fund Regulatory and Development Authority under the Indian Ministry of Finance.
The SAARG Committee has been mandated to undertake a comprehensive review and modernization of the National Pension System (NPS) investment framework, with a focus on strengthening diversification, enhancing risk governance, and supporting long-term retirement wealth creation.
The committee is chaired by Shri Narayan Ramachandran, former Country Head and CEO of Morgan Stanley India, and comprises eminent professionals including Shri Ananth Narayan (former SEBI Whole Time Member), Ms. Devina Mehra (Founder & CMD First Global), Shri Prashant Jain (CIO at 3P Investment Managers & Former CIO at HDFC Mutual Fund), Shri Raamdeo Agrawal (Co-founder, Motilal Oswal Asset Management Company Ltd. & Chairman and Co-founder of Motilal Oswal Financial Services Ltd), Shri Sumit Agrawal (Founder, Regstreet Law Advisors), Shri Sankaran Naren (Chief Investment Officer at ICICI Prudential AMC Ltd) , Shri Kalpen Parekh (MD & CEO at DSP Mutual Fund), Shri Rajeev Thakkar (CIO at PPFAS Mutual Fund) and Shri Ashok Kumar Soni (Executive Director, PFRDA- Pension Fund Regulatory and Development Authority).
The Committee will review and benchmark the NPS investment guidelines, examine asset classes and strategic asset allocation, strengthen performance measurement and risk management including Asset–Liability Management (ALM), recommend valuation principles and investment strategies for Alternate Investment Funds, and address other related terms impacting investment patterns, governance, risk management and subscriber outcomes.
Mr. Sumit Agrawal‘s appointment reflects his deep expertise in securities law, financial regulation and regulatory governance, and showcases Regstreet’s continued engagement with policy development and institutional reform in India’s financial sector.
For more details and coverage, please see The Economic Times (https://shorturl.at/hBkvV), Business Standard (https://shorturl.at/abqls), The Times Of India (https://shorturl.at/a74st), CNBC-TV18 (https://shorturl.at/QOgOr) and ZEE Business (https://rb.gy/zbnupj). The Official Press Release by the Press Information Bureau – India (PIB), Ministry of Finance can be seen at https://shorturl.at/WiAzP.
