Page 7 - Pfrda

Number of subscribers under PFRDA pension schemes up 23% to 52.3 mn

The number of subscribers under the two flagship pension schemes of PFRDA increased nearly 23 per cent to over 5.23 crore by April-end 2022. The subscriber base of the two schemes combined was 4.26 crore in April last year, Pension Fund Regulatory and Development Authority (PFRDA) data showed. The flagship schemes -- National Pension System (NPS) and Atal Pension Yojana (APY) -- had total asset under management of Rs 7,38,765 crore at April-end 2022, rising by 25.25 per cent from the year-ago period. "The number of subscribers in various schemes under NPS rose to 523.87 lakh by end-April 2022 from 426.75 lakh in April 2021 showing a year-on-year increase of 22.76 per cent," it said. The number of subscribers under APY grew nearly 30 per cent to 3.65 crore by April this year. The rest 1.58 crore subscribers belonged to various categories under NPS -- the pension scheme which mainly caters to the government sector and corporate sector employees. APY is mainly targeted towards provi

Private sector to drive growth of PFRDA pension schemes: Study paper

The private sector is expected to drive growth of the NPS, which has witnessed exponential rise over the last five years, in terms of number of subscribers as well as assets under management

Subscribers under PFRDA schemes increase 22% to 5.07 cr in Feb

The number of subscribers under two flagship pension schemes by PFRDA jumped 22 per cent year-on-year to more than 5.07 crore by the end of February

NPS to include assured returns; new products likely to come in August

The NPS has offered higher returns so far than other schemes

Fund management that you buy

NPS is within reach of becoming a compelling choice for every Indian investor

PFRDA to 'discuss' plan to raise equity exposure in NPS to 75%

The equity exposure for the NPS subscribers from other than the government sector was increased to 75 per cent three years ago

Make judicious investment choices when entering NPS and stick to them

While PFRDA will now allow investors to alter their investment choices four times in a financial year, tinkering too frequently may not be advisable except in volatile market conditions

PFRDA subscriber base rises over 22% to 47.5 million in November

The subscribers in the category of central and state government employees of the National Pension System (NPS) rose by 4.71 per cent and 9.74 per cent, respectively

'PFRDA may look beyond annuities if Act's tweaked,' says chairman

New annuity products, however, will require no modifications to Act

NPS generated good returns for subscribers, says PFRDA Chairman

PFRDA Chairman Supratim Bandyopadhyay on Monday said pension product NPS has generated good returns for the subscribers over the last 12 years, and one must start early to reap the benefits of the product, which is very flexible in nature. "Over a period of 12 years, the returns under equity schemes are more than 12 per cent, and in government securities, it was close to 9.9 per cent, and in corporate bonds, despite some credit events that we have seen, we have seen a CAGR of more than 9.59 per cent. Fortunately, our pension fund assets were, to a great extent, protected from post-credit events. "Currently, we are sitting on a total corpus of about Rs 6.85 trillion. The returns have been quite good," Bandyopadhyay said while speaking at CII Insurance & Pensions Summit on 'Indian Insurance Sector Riding the Wave of Change'. NPS gives a lot of flexibility, but the only thing is that a person has to start early, said the chairman of the Pension Fund Regulatory and Development ...

Tata Asset and Max Life Insurance get approval to set up pension funds

Tata Asset Management and Max Life Insurance Co have recently received a nod from the pension sector regulator for setting up pension fund managers

PFRDA kick-starts pension awareness campaign; observes NPS Diwas on Oct 1

Ahead of NPS Diwas next month, pension regulator PFRDA has kick-started a campaign to create awareness about the need for a pensioned society in the country.

PFRDA pension subscriber base rises 24% to 4.53 crore till August

The Pension Fund Regulatory and Development Authority (PFRDA) on Friday said subscriber base under its flagship pension schemes rose by 24 per cent in August this year to over 4.53 crore.

Cabinet may take up amendments to PFRDA Act soon; Bill in Winter session

The Union Cabinet is likely to consider amendments to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 soon

Atal Pension Yojana subscriber count cross 33 mn-mark, says PFRDA

The number of subscribers of the government's Atal Pension Yojana (APY) crossed 33 million-mark by August 25, the Pension Fund Regulatory and Development Authority (PFRDA) said on Wednesday

PFRDA can't allow investment in startups due to valuation process: Chairman

The key issue is to report NAV on a daily basis, which is not possible in the case of startups

'NPS' non-govt subscriber base crosses 3 mn-mark; corpus to hit Rs 1 trn'

The corporate and retail sector subscriber base under the NPS has crossed over 30 lakh as on date, and the corpus under these is about to reach a landmark Rs 1 lakh crore-mark, PFRDA Chairman said

NPS fund managers have more choices as investment universe expands

Investment advisors are not comfortable with the idea of a retirement product like NPS investing in IPOs

Pension funds will soon be allowed to invest in IPOs: PFRDA Chairman

Regulator will come up with comprehensive guidelines on issuer's track record and other aspects within a week

Pension money to soon be allowed into IPOs, NSE-200 companies: PFRDA

Pension fund managers (PFMs) will soon be allowed to invest in initial public offerings, and also in a broader list of stocks, a top official from sector regulator PFRDA said on Tuesday.