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Pension Regulator PFRDA’s Asset Under Management Crosses Rs 6 Lakh Crore Mark
Prime Minister Narendra Modi with Finance Minister Nirmala Sitharaman.
The Pension Fund Regulatory and Development Authority (PFRDA) has touched the milestone of Rs 6 lakh crore (Rs 6 trillion) of Assets Under Management (AUM) under the National Pension System (NPS) and Atal Pension Yojana (APY) after 13 years, Ministry of Finance announced in a press release.
The AUM growth of the last Rs 1 lakh crore has been accomplished in just seven months.
Supratim Bandyopadhyay, Chairman, PFRDA, said, “We feel immensely gratified at reaching this milestone of Rs 6 trillion AUM, and in less than seven months as we were at Rs 5 trillion in October 2020. The achievement shows the faith subscribers have in NPS and PFRDA. A growing realisation during this pandemic is the priority accorded by individuals to retirement planning for preserving their financial well being.”
As of 21 May 2021, AUM has grown to Rs 603,667.02 crore.
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