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This Article is From Feb 02, 2016

NPS Corpus Swells to Over Rs 90,000 Crore

The pension fund had 1.15 crore subscribers as on January 23, 2016.

NPS Corpus Swells to Over Rs 90,000 Crore
The total corpus of National Pension System (NPS) has soared to Rs 90,327 crore with the contribution of nearly 1.15 crore subscribers, the Finance Ministry said on Tuesday. The total assets under management (AUM) is worth Rs 1.09 lakh crore while assets under management per subscriber on an average is Rs 95,000, a finance ministry statement said.

"NPS had 1.15 crore subscribers with a total corpus of Rs 90,327 crore as on January 23, 2016," it said.

The number of NPS subscribers in the central government is 16.11 lakh with a total corpus of Rs 34,754 crore.

State governments contribute Rs 45,486 crore to the corpus, from their 28.59 lakh subscribers. There are 4.48 lakh NPS subscribers in the corporate sector and 1.28 lakh in the unorganised sector. The number of subscribers under Atal Pension Yojana (APY) is 19.48 lakh.

The pension fund regulatory body PFRDA completed two years of its statutory status on February 1, 2016.
 

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