AUM under PFRDA crosses INR 6 trillion

PFRDA crosses 30 lakh non-government subscribers under NPS

 

The total subscriber base of PFRDA has increased to 4.28 crore.

Highlights:

• 8791 corporate enrolments with 11.53 lakhs subscribers under NPS till 21st May 2021
• 2.82 crores subscribers enrolled under APY

The Pension Fund Regulatory and Development Authority (PFRDA) announced crossing the milestone of INR 6 lakh crore (INR 6 trillion) of Assets Under Management (AUM) under the National Pension System (NPS) and Atal Pension Yojana (APY), after 13 years. The AUM growth of last Rs 1 trillion has been achieved in just 7 months.

PFRDA has witnessed remarkable growth in NPS subscribers over the years with 74.10 lakh government employees in the scheme and 28.37 lakh individuals joining from the non-government sector.

Supratim Bandyopadhyay, Chairman, Pension Fund Regulatory and Development Authority (PFRDA) said “We feel immensely gratified at reaching this milestone of INR 6 trillion AUM, and in less than seven months as we were at INR 5 trillion in October 2020. The achievement shows the faith subscribers have in NPS and PFRDA. A growing realization during this pandemic is the priority accorded by individuals to retirement planning, for preserving their financial well being.”

As on 21st May 2021, the total number of subscribers under NPS and Atal Pension Yojana has crossed 4.28 crores and the Asset under Management (AUM) has grown to INR 603,667.02 crores.