Total assets under management of NPS & APY crosses Rs. 5 lakh crore: PFRDA Chairman
Pension Fund Regulatory and Development Authority(PFRDA) Chairman Supratim Bandyopadhyay today said, the total assets under management of the National Pension System and Atal Pension Yojana have crossed Rs. 5 lakh crore. Mr Bandyopadhyay said that by the end of this fiscal PFRDA hopes to hit a target of Rs. 6 lakh crore Asset Under Management (AUM). He said, achieving Rs. 5 lakh crore AUM is a major achievement which reflects the faith subscribers have in PFRDA and NPS.
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Surbhi Saxena edits the daily Current Affairs News.
The author is qualified member of The Institute of Company Secretaries of India (ICSI).