ASSETS UNDER MANAGEMENT (AUM) of the National Pension System (NPS) and Atal Pension Yojana (APY) have crossed the 10-trillion milestone by doubling in two years and ten months, Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty said on Friday.
The pension regulator will unveil two new products - a systematic withdrawal plan (SWP) and a mix of two annuities - two improve pension benefits, Mohanty said.
The NPS took six years and six months to reach the milestone of 1 trillion after the scheme was rolled out in January 2004. It then took four years and eleven months to further increase lion.
This story is from the September 02, 2023 edition of Financial Express Mumbai.
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This story is from the September 02, 2023 edition of Financial Express Mumbai.
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