HDFC Pension Management Company Ltd., the fastest growing legacy Pension Fund Manager under the National Pension System (NPS)has crossed the milestone of Rs. 50,000 cr. of Assets Under Management (AUM) on May 15th 2023.
Since its launch in 2013, the Company, a wholly owned subsidiary of HDFC Life Insurance Company Ltd., has grown at a fast rate (see table below). The AUM size has grown 400% in a span of thirty three (33) months from a base AUM of Rs. 10,000 Cr. which was achieved in July 2020.
HDFC Pensionis the fastest growing legacyPension Fund Manager in India, under Retail and Corporate NPS segments with the highest number of subscribers (15,00,000+ as on 1st May 2023). HDFC Pension has been awarded as the ‘Best Performing PFM’ by Money Today for 3consecutive years from 2019 to 2022. Speaking on this milestone, Sriram Iyer – Chief Executive Officer, HDFC Pension said, “I hope more and more Indians opt for this instrument, thereby securing their golden years.”
