Pension Fund Regulatory and Development Authority (PFRDA)



  • PFRDA announced crossing the milestone of Rs 6 lakh crore of Assets Under Management (AUM).


  • The milestone of Rs 6 lakh crore of AUM has been crossed under the National Pension System (NPS) and Atal Pension Yojana (APY), after 13 years.
  • AUM is the total market value of the investments that a person or entity manages on behalf of clients.
  • In the calculation of AUM, some financial institutions include bank deposits, mutual funds, and cash.
  • AUM fluctuates daily, reflecting the flow of money in and out of a particular fund and the price performance of the assets.
  • The AUM growth of the last Rs 1 trillion has been achieved in just 7 months.
  • PFRDA has witnessed remarkable growth in NPS subscribers over the years with 74.10 lakh government employees in the scheme and 28.37 lakh individuals joining from the non-government sector.
  • The total subscriber base of PFRDA has increased to 4.28 crore.


  • It is the statutory authority established by an enactment of the Parliament.
  • It aims to regulate, promote, and ensure orderly growth of the National Pension System (NPS) and pension schemes to which this Act applies.
  • NPS was initially notified for central government employees recruits w.e.f. 1st January 2004.
  • Subsequently adopted by almost all State Governments for its employees.
  • NPS was extended to all Indian citizens (resident/non-resident/overseas) on a voluntary basis and to corporations for its employees.
Quiz of the Day for IAS Prepation
Test Your UPSC Preparation With Vajirao's Daily Current Affairs Quiz

Select the correct answer and click on the “Finish” button Check your score and explanations at the end of the quiz

Start Quiz