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Motilal Oswal Enters Pension Fund Arena Under NPS
6 May
Summary
- Motilal Oswal AMC received PFRDA approval as NPS Pension Fund Sponsor.
- A new pension fund entity will be established to manage NPS contributions.
- Motilal Oswal AMC aims to build sustainable retirement wealth for investors.
Motilal Oswal Asset Management Company has been granted approval by the Pension Fund Regulatory and Development Authority (PFRDA) to serve as a Sponsor of Pension Fund within the National Pension System (NPS). This development allows Motilal Oswal AMC to establish a separate pension fund entity, which will function as an investment manager. This entity will be responsible for overseeing NPS contributions from subscribers.
The new pension fund entity will manage pension assets in strict adherence to the PFRDA Act, 2013, and its associated regulations. Motilal Oswal AMC will now proceed with necessary steps, including obtaining a Certificate of Registration and finalizing agreements with the NPS Trust and other relevant parties.
As financial habits evolve, the need for robust retirement planning and disciplined long-term investment is increasingly critical for financial security. Motilal Oswal AMC intends to leverage its expertise to deliver consistent performance, supporting investors in building sustainable retirement wealth.
