Market Talk

India’s huge state social security fund is taking the plunge into equity markets

The investment in equity markets is part of prime minister Narendra Modi’s plan to raise $11 billion by creating a large new equity investor. Picture: Getty
The investment in equity markets is part of prime minister Narendra Modi’s plan to raise $11 billion by creating a large new equity investor. Picture: Getty

Last week it was announced that India’s state social security fund, one of the world’s largest state funds, will start investing in equity markets.

We have seen this script before with the world’s largest pension fund, the Japanese government pension fund, announcing a large increase in its allocation to ...