Pension Fund Regulatory and Development Authority on Wednesday announced its assets under management (AUM) spanned $6 trillion under the National Pension System (NPS) and also Atal Pension Yojana (APY), after 1-3 decades.
The resources under management grew by $1 billion over only 7 weeks, accordingto PFRDA.
“We believe tremendously gratified at reaching this landmark of $6 trillion AUM, and at under seven weeks since we were in $5 trillion at October 2020. The achievement indicates the faith readers have in NPS and also PFRDA. An increasing realisation in this pandemic may be your priority accorded by people to retirement preparation, for maintaining their own financial health,” explained Supratim Bandyopadhyay,” Chairman, Pension Fund Regulatory and Development Authority.
PFRDA has seen remarkable increase in National Pension Scheme readers through time together with 74.10 lakh government employees within the plot and also 28.37 lakh people linking from the non-government industry. The complete subscriber base of PFRDA has climbed to 4.28 crore, ” the announcement cites previously.
During October this past year, overall asset under control of PFRDA touched the $5 lakh crore ( $5 trillion) markers.
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