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HDFC Pension Fund Surges Past ₹1.50 Lakh Crore AUM
21 Nov
Summary
- HDFC Pension Fund's Assets Under Management surpassed ₹1.50 lakh crore.
- The fund experienced a 200% AUM increase in just 30 months.
- It currently serves over 27 lakh subscribers with a 43% market share.
HDFC Pension Fund Management, a prominent entity in India's National Pension System (NPS) landscape, has announced a major achievement by crossing ₹1.50 lakh crore in Assets Under Management (AUM) as of November 17. This impressive figure signifies a remarkable 200% surge in AUM over the past 30 months, escalating from ₹50,000 crore in May 2023.
The company's robust expansion is further evidenced by its extensive reach, serving over 27 lakh subscribers and securing a significant 43% market share in both retail and corporate segments. HDFC Pension also plays a vital role as a Point of Presence (PoP) for NPS, facilitating enrolments and account management for more than 4,300 corporations.
This growth trajectory aligns with recent regulatory advancements by the Pension Fund Regulatory and Development Authority (PFRDA), including the introduction of the Multiple Scheme Framework. These initiatives aim to bolster investor flexibility and choice in retirement planning, contributing to the sustained adoption of NPS as a disciplined, low-cost, and tax-efficient savings avenue for diverse segments of the Indian population.
