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<h1>PFRDA consultation on valuation of pension funds proposes dual valuation to stabilise NAV for long-term subscribers.</h1> PFRDA proposes a dual valuation framework using accrual and fair market methods for long dated government securities in NPS and APY to stabilise NAV presentation during the accumulation phase, reduce short term interest rate volatility effects on scheme NAV, and align pension investments with long term capital formation while inviting stakeholder feedback on implementation.