Tag: nps growth

Riding on the bullish momentum in Indian equities market and increased interest in the non-government sector for pension cover, the country’s pension assets (NPS and APY) in aggregate recorded a robust 27 percent year-on-year growth in assets under management (AUM) as of August 5 at ₹9.92-lakh crore, latest PFRDA data showed.The aggregate pension assets regulated by PFRDA stood at ₹7.80-lakh crore a year ago.Equity scheme of NPS has over the last one year given an average return of 15.26 per cent (average of 7 PFS), which has fuelled...