Motilal Oswal AMC gets approval from PFRDA to act as pension fund sponsor
This story was originally published at 20:57 IST on 6 May 2026
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MUMBAI – Motilal Oswal Asset Management Co., a wholly-owned subsidiary of Motilal Oswal Financial Services Ltd., Wednesday said it has received approval from the Pension Fund Regulatory and Development Authority to act as a sponsor of pension fund for managing pension assets under the National Pension System.
The approval follows Motilal Oswal Asset Management Co.'s application in response to the PFRDA's invitation for selection of pension fund sponsors under its registration guidelines, the company said in a press release.
"As part of the mandate, Motilal Oswal Asset Management Company will set up a separate pension fund entity that will act as an investment manager, overseeing the NPS contribution of subscribers and managing pension assets in accordance with the PFRDA Act, 2013, and applicable regulations," it said.
Informist had exclusively reported Monday that the PFRDA was evaluating a proposal from Motilal Oswal Financial Services to set up a pension fund as a direct or step-down subsidiary, citing a senior official.
For the financial year 2025-26 (Apr-Mar), Motilal Oswal Financial Services reported a net profit of INR 18.69 billion on a consolidated basis, down 25% on year, on revenues of INR 93.74 billion, up 12%. However, it reported a consolidated net loss of INR 2.21 billion for the March quarter. Motilal Oswal earned revenues of INR 26.76 billion for the quarter. On Wednesday, shares of the company ended at INR 881.70 on the National Stock Exchange, up 4.5%. End
Reported by Meera Nair
Edited by Avishek Dutta
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