New Delhi, Nov. 4 -- The National Pension System (NPS) could offer subscribers greater exposure to alternative investments as pension fund managers look to diversify retirement portfolios beyond traditional equities, government securities and corporate bonds.

Investments in alternative investment funds (AIFs), real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) could provide additional sources of income and long-term growth. However, these investments also carry risks, including lower liquidity, valuation uncertainty and the possibility of losses.

Pranay Ranjan Dwivedi, MD & CEO of SBI Pension Funds (SBIPF), believes a measured allocation to alternative assets could help strengthen retirement portfolios o...