Assets underneath NPS leap 21.54% YoY until May 2022: PFRDA
The property underneath administration (AUM) of National Pension System (NPS) and Atal Pension Yojana surged to 21.54% year-on-year as of 30 May to the touch ₹7.38 trillion. On the identical day final 12 months, the mixed AUM stood at ₹6.07 trillion.
The variety of subscribers in numerous schemes underneath the National Pension System (NPS) rose to 531.73 lakh by end-May 2022 from 428.56 lakh in February 2021 exhibiting a year- on- 12 months (Y-o-Y) enhance of 24.07%.
Take a take a look at variety of Subscribers in numerous schemes underneath the National Pension System and Atal Pension Yojana
View Full Image
Mint
Source: PFRDA
As on 31 May 2022, complete pension property underneath administration stood at ₹7.38 trillion exhibiting a Y-o-Y progress of 21.54%
Take a take a look at complete property underneath administration underneath Nation Pension System and Atal Pension Yojana (in crores)
View Full Image
Mint
Source: PFRDA
The National Pension Scheme or the NPS is a voluntary retirement financial savings scheme that helps you accrue wealth for retirement and activate a month-to-month pension post-retirement. The NPS is sponsored by the Indian Central Government and comes underneath the regulation of the Pension Fund Regulatory and Development Authority (PFRDA). It is a low-cost funding product. It supplies as much as 75% publicity to fairness of the corpus invested and is rationally tax environment friendly.
Besides, evaluating NPS with different pension and annuity plans, you possibly can function an NPS account from wherever within the nation from any location or via an employer, or throughout sectors.
Subscribe to Mint Newsletters
* Enter a sound electronic mail
* Thank you for subscribing to our e-newsletter.
First article
