mumbai protesting pfrdas decision to reduce allocation of pension funds to it under nps for organised sector from 55 per cent to 40 per cent sbi pension funds has made a representation to the regulatorthe revised allocation of funds came into effect from may 1 and pfrda has allocated around rs 50 crore till date to the three fund managers the other two players are uti retirement solutions and lic pension fundsalthough sbis pension funds performed well with a return of 1638 per cent for 200809 pfrda has decreased its share of pension funds to 40 per cent for 200910 from 55 per cent during the previous fiscal a pension industry source saidthe source said the company has made a representation to pfrda protesting the reduction in its share as funds this year were to be allocated on the basis of the performance of fundson this score sbi pension funds was the highest than the other two pension fund managers he saidutis funds gave a return of 1312 per cent in the previous year and would get 31 per cent of the pension funds for this year from the earlier allocation of 40 per cent