More Stories

Informist, Thursday, Apr. 3, 2025

 

--PFRDA source:Pension corpus tops INR 14.41 tln as of Mar-end, up 23% on yr

--CONTEXT:Govt announced NPS Vatsalya pension plan for minors in FY25 Budget

--PFRDA source: Corpus under NPS Vatsalya tops INR 918.7 mln as on Mar 30

 

By Priyasmita Dutta and Sagar Sen

 

NEW DELHI – The total corpus of various schemes under the National Pension System and Atal Pension Yojana increased 22.9% on year to INR 14.41 trillion as of March-end, a senior official at the Pension Fund Regulatory and Development Authority told Informist. In 2023-24 (Apr-Mar), the corpus grew 30.5% on year to INR 11.73 trillion.

The slowdown in growth is primarily due to the new tax regime becoming the default tax system for individuals. Under the new tax regime, taxpayers cannot claim tax deductions under Section 80 CCD of the Income Tax Act.

 

The total number of subscribers to various pension schemes was 83.9 million as of March-end, up 14.07% from the previous year. This included 64.06 million subscribers to the Atal Pension Yojana. The corpus under Atal Pension Yojana was INR 447.33 billion as of March-end, the official said.

 

Our of the total corpus, INR 3.84 trillion belonged to central government employees, while INR 7.16 trillion was the corpus of state government employees. Corporate employees, for whom National Pension System is not mandatory, had total assets under management of INR 2.17 trillion as of March-end, the official said. The corpus under NPS Vatsalya stood at INR 918.7 million as on Mar. 30.

 

In the Budget for FY25, Finance Minister Nirmala Sitharaman introduced a new plan – NPS Vatsalya – which allowed parents and guardians to make contributions to the National Pension System for minors. On attaining 18 years of age, the plan could be converted seamlessly into a normal National Pension System account, she had said in her speech.

 

The average return on equity investments by pension funds was 12.9% as of March-end, while it was 9.5% on central government securities. Pension funds on an average generated a return of 9.4% from investment in state government securities and a return of 9.12% from investment in corporate bonds, the official said. The average return generated for Atal Pension Yojana was 9.1%.

 

The National Pension System is managed by 11 pension funds, including LIC Pension Fund Ltd, SBI Pension Funds Pvt Ltd, UTI Retirement Solutions Ltd, Tata Pension Management Ltd, and Max Life Pension Fund Management Ltd.  End

 

Edited by Avishek Dutta

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.