Quick Summary
Assets Under Management under Pension Fund Regulatory and Development Authority cross Rs 6 trillion NPS and APY subscribers contribution builds up Rs 6 trillion of pension assets 8,791 corporate enrolments with 11.53 lakh subscribers under NPS till 21st May 2021 2.82 crore subscribers enrolled under Atal Pension Yojana The Pension Fund Regulatory and Development Authority (PFRDA) here today announced crossing the milestone of Rs 6 lakh crore (Rs 6 trillion) of Assets Under Management
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FAQ :
As of 21st May 2021, the total Assets Under Management (AUM) for the National Pension System (NPS) and Atal Pension Yojana (APY) has grown to over £603,667 crore, which is £6 trillion.
The AUM has seen rapid growth, with the last £1 trillion being achieved in just the past seven months.
As of 21st May 2021, the total number of subscribers across NPS and APY has exceeded 4.28 crore.
PFRDA is a statutory authority established by an Act of Parliament to regulate, promote, and ensure the orderly growth of the National Pension System (NPS) and other applicable pension schemes.
NPS was initially for central government employees recruited after 1st January 2004, and has since been adopted by most state governments for their employees. It is also available to all Indian citizens (resident/non-resident/overseas) on a voluntary basis, and to corporates for their employees.
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