Pension Fund Regulatory and Development Authority on Wednesday announced that its assets under management (AUM) crossed ₹6 trillion under the National Pension System (NPS) and Atal Pension Yojana (APY), after 13 years. The assets under management grew by ₹1 trillion within just 7 months, according to PFRDA. “We feel immensely gratified at reaching this milestone of ₹6 trillion AUM, and in less than seven months as we were at ₹5 trillion in October 2020. PFRDA has witnessed remarkable growth in National Pension Scheme subscribers over the years with 74.10 lakh government employees in the scheme and 28.37 lakh individuals joining from the non-government sector. In October last year, total asset under management of PFRDA touched the ₹5 lakh crore ( ₹5 trillion) mark.

Source: Mint May 26, 2021 15:22 UTC