624.81 lakh National Pension System (NPS) subscribers, with Y-o-Y growth of 22.88%
Total pension assets under management (AUM) at Rs. 8.82 Lakh crore with Y-o-Y growth of 23.45%
The number of subscribers under various schemes under the National Pension System (NPS) rose to 624.81 lakh as at March 4th 2023 from 508.47 Lakh in March 2022 showing a year- on- year (Y-o-Y) increase of 22.88% (Table 1).
Table 1: Number of Subscribers in various schemes under National Pension System and Atal Pension Yojana (in Lakh)
| | 5th March 2022 | 31st March 2022 | 04th March 2023 | Y-o-Y Growth % |
Central Government | 22.76 | 22.84 | 23.86 | 4.80 |
State Government | 55.51 | 55.77 | 60.72 | 9.39 |
Corporate | 13.84 | 14.05 | 16.63 | 20.19 |
All Citizen Model | 21.51 | 22.92 | 28.40 | 32.02 |
NPS Lite* | 41.88 | 41.87 | 41.77 | -0.25 |
APY | 352.97 | 362.77 | 453.42 | 28.46 |
Total | 508.47 | 520.21 | 624.81 | 22.88 |
*No fresh Registration permitted w.e.f. 01 April 2015
As on 4th March 2023, total pension assets under management (AUM) stood at Rs. 8.82 Lakh crore showing a Y-o-Y growth of 23.45% (Table 2).
Table 2: Total Assets under Management under Nation Pension System and Atal Pension Yojana (in Rs. Crore)
| | 5th March 2022 | 31st March 2022 | 04th March 2023 | Y-o-Y Growth % |
Central Government | 2,15,176.58 | 2,18,576.94 | 2,55,207.38 | 18.60 |
State Government | 3,58,902.07 | 3,69,426.72 | 4,39,494.10 | 22.46 |
Corporate | 85,081.03 | 90,633.28 | 1,14,871.58 | 35.01 |
All Citizen Model | 30,221.83 | 32,345.77 | 41,302.53 | 36.66 |
NPS Lite* | 4,612.86 | 4,686.74 | 4,877.71 | 5.74 |
APY | 20,347.94 | 20,922.58 | 26,113.66 | 28.34 |
Total | 7,14,342.31 | 7,36,592.03 | 8,81,866.97 | 23.45 |
For further information on NPS and APY please visit www.pfrda.org.in
National Pension System subscriber growth drives a marked rise in pension assets under management. The release documents a year on year rise in
National Pension System (NPS) subscribers and an increase in total pension
Assets under Management (AUM), with scheme wise subscriber and AUM tables showing growth across Central Government, State Government, Corporate, All Citizen Model and APY; NPS Lite remains closed to new registrations since April 1, 2015.
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