Combined assets under management (AUM) of National Pension System (NPS) and Atal Pension Yojana surged 32.67% year-on-year to touch ₹6.17 trillion as of 30 June 2021. On the same day in 2020, the combined AUM of both the schemes stood at ₹4.64 trillion. Besides, Pension Fund Regulatory and Development Authority (PFRDA) press release issued on 16 July said, "As on 30th June 2021, total pension assets under management stood at Rs. To increase NPS penetration, especially in tier-1 and tier-2 cities and to reach out to all segments of individuals, PFRDA has allowed individual or even NPS subscribers to become a distributor of the pension products. On the other hand, the Atal Pension Yojana is a periodic contribution-based pension plan and provides a guaranteed pension of ₹1,000-5,000 to subscribers.

Source: Mint July 17, 2021 04:52 UTC