Pension funds can now invest up to 10% of their equity assets in stocks ranked 201–250 within the Nifty 250 and BSE 250 baskets, while at least 90% of equity AUM must still sit in the top 200 names. This is a measured broadening of the investible universe rather than a big push down the market-cap curve. https://thefynprint.com/nps/nps-adds-gold-silver-etfs-widens-equity-universe?id=693b0b77d1006261e7d89797
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NPS adds gold, silver ETFs and widens equity universe for non-govt subscribers

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