Assets Under Management (AUM) under NPS and APY cross Rs. 10 lakh crore

The number of subscribers under the National Pension System (NPS) and Atal Pension Yojana (APY) together have grown to more than 6.62 crore and the total Asset Under Management (AUM) has reached Rs. 10 lakh crore (Rs. 10,00,000 crore).

The segment wise status of the NPS and APY as on 25.08.2023:

Sector	AUM (In Rupees)
Central Government	2,40,902.87
CAB	42,246.13
State Government	4,36,071.72
SAB	63,133.73
Corporate	1,35,218.06
All Citizen Model	47,663.36
NPS Lite	5,157.12
APY	30,051.28
Total	10,00,444.26

The Pension Fund Regulatory and Development Authority (PFRDA) regularly carries various initiatives to enhance financial education, empowering subscribers to make well-informed decisions and leverage the advantages of the formal financial sector while maintaining a clear understanding of associated risks and trade-offs.

About NPS

The National Pension System (NPS) has been implemented for all Government Employees (except armed forces) joining Central Govt. on or after 1^st January 2004. Most of the State/UT Governments have also notified the National Pension System (NPS) for their new employees. NPS has been made available to every Indian Citizen from 1^st May 2009 on a voluntary basis. Further, from 1^st June 2015, the Atal Pension Yojana, has been launched which has given the much-required impetus to the social security schemes.

About National Pension System Diwas (NPS Diwas)

In pursuit of the objective to promote pension and retirement planning, PFRDA annually celebrates October 1^st as “National Pension System Diwas (NPS Diwas)”. This initiative contributes to the financial self-sufficiency of Indian citizens in their post-retirement phase. In observance of NPS Diwas this year, PFRDA has a planned a month-long sequence of digital media and publicity initiatives. These endeavours are strategically designed to commemorate NPS Diwas and effectively communicate the importance of pension planning to the subscribers as well as to the general public.

Pension coverage expansion: NPS and APY subscriber base and assets reach new milestones, strengthening retirement security. Pension coverage under NPS and APY has expanded with combined subscribers exceeding 6.62 crore and combined AUM surpassing ten lakh crore, with segmental AUM distributed across central and state government, corporate, all-citizen and APY cohorts. PFRDA is advancing financial education and outreach, annually observing National Pension System Diwas and conducting publicity campaigns to promote retirement planning. NPS operates as a mandatory scheme for specified government entrants and as a voluntary scheme for citizens, while APY functions as a social security initiative aimed at enhancing pension coverage for vulnerable and informal sectors.