In a remarkable display of financial prowess, India’s National Pension System (NPS) has witnessed a substantial growth in assets, reaching a new milestone of ₹10.7 lakh crore as of December 9, 25.95% higher than the previous year. Bolstered by a robust equity market, the latest data from the Pension Fund Regulatory and Development Authority (PFRDA) reveals noteworthy insights into the performance and trajectory of NPS investments.
Q: What is the latest milestone for NPS assets, and how much did they grow year-on-year?
A: NPS assets reached ₹10.7 trillion, showing a robust 25.95% YoY growth as of December 9.
Q: What is the key driver behind the impressive growth in NPS assets?
A: The stellar 16.94% annual return in equities played a pivotal role, surpassing returns in Corporate Bonds, Government Securities, and Government Schemes.
Q: How have equity markets influenced NPS performance in 2023?
A: A bullish market, boosted by strong domestic inflows and substantial Foreign Portfolio Investor (FPI) contributions, led to a remarkable 16.94% average annual return in equities.
Q: What is the composition of NPS assets, particularly in equities?
A: NPS assets in equities amounted to ₹1.9 trillion out of the ₹10.7 trillion total, showcasing the significant role of equities in overall portfolio growth.
Q: How has the subscriber base contributed to NPS growth, and what are the projections?
A: The ‘Corporate’ and ‘All Citizens Model’ categories saw a 35.55% and 34.49% growth, respectively, with 4.54 lakh new subscribers. PFRDA aims to add 13 lakh new subscribers this fiscal year.
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