{"id":18043,"date":"2024-09-23T01:06:06","date_gmt":"2024-09-22T19:36:06","guid":{"rendered":"https:\/\/timesofpowerandvoice.com\/?p=18043"},"modified":"2024-09-23T01:06:09","modified_gmt":"2024-09-22T19:36:09","slug":"hdfc-pension-becomes-first-private-sector-pension-fund-manager-to-surpass-rs-1-lakh-crore-in-aum","status":"publish","type":"post","link":"https:\/\/timesofpowerandvoice.com\/?p=18043","title":{"rendered":"HDFC Pension Becomes First Private Sector Pension Fund Manager to Surpass Rs. 1 Lakh Crore in AUM"},"content":{"rendered":"\n<p><strong>Pune (Voice news service):-\u00a0<\/strong><a href=\"https:\/\/www.hdfcpension.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">HDFC Pension Fund Management Limited (HDFC Pension)<\/a>, the largest private sector Pension Fund Manager under\u00a0<a href=\"https:\/\/www.hdfcpension.com\/about-nps\/\" target=\"_blank\" rel=\"noreferrer noopener\">the National Pension System (NPS)<\/a>, has reached a significant milestone, surpassing Rs. 1,00,000 crore in Assets Under Management (AUM) as of September 12, 2024. This achievement marks a doubling of AUM in just 16 months, from Rs. 50,000 crore in May 2023, driven by\u00a0a remarkable 34.1% growth\u00a0in the Company&#8217;s Subscriber base,\u00a0now totaling over 21 lakhs.<\/p>\n\n\n\n<p>As a wholly owned subsidiary of HDFC Life Insurance Company Ltd., HDFC Pension\u2019s rapid growth underscores its leadership in the Pension Fund sector and its unwavering commitment to helping individuals secure their financial future.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.hdfcpension.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">HDFC Pension<\/a>&nbsp;recently marked 11 years of successful operations and currently manages&nbsp;43.6% of the total NPS AUM in the Retail and Corporate segment, with over 36.8% of all Subscribers in this segment choosing HDFC Pension as their preferred Pension Fund Manager (PFM), underscoring the Company&#8217;s strong market leadership and the trust it enjoys amongst investors. The company has over 5000 committed Pension Agents and is the largest Corporate NPS Point of Presence working with over 2800 companies servicing over three lakh employees across these Corporates.<\/p>\n\n\n\n<p><strong>Sriram Iyer \u2013 Chief Executive Officer, HDFC Pension<\/strong>, remarked on this significant achievement, \u201cWe are truly humbled by the trust that so many individuals and institutions have placed in us. At&nbsp;<a href=\"https:\/\/www.hdfcpension.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">HDFC Pension<\/a>, our focus has always been on offering the best possible service to our Subscribers, Partners, Pension Agents, and Distributors. Reaching Rs. 1,00,000 crore AUM is a significant achievement and is the result of collective efforts and the faith of our stake holders. We would like to express our sincere gratitude to our customers, regulator &#8211; Pension Fund Regulatory and Development Authority (PFRDA), National Pension System Trust, and our CRA partners \u2013 Protean eGov Technologies, KFin Technologies Ltd. and CAMS NPS for all their support.\u201d<\/p>\n\n\n\n<p>He further added, \u201cThe National Pension System (NPS) is an invaluable financial tool, empowering individuals to plan for their retirement with flexibility and cost-effectiveness. We remain committed to growing alongside our Subscribers, and we are confident that the NPS will continue to empower more individuals to prepare for their future with confidence.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pune (Voice news service):-\u00a0HDFC Pension Fund Management Limited (HDFC Pension), the largest private sector Pension Fund Manager under\u00a0the National Pension System (NPS), has reached a significant milestone, surpassing Rs. 1,00,000 crore in Assets Under Management (AUM) as of September 12, 2024. This achievement marks a doubling of AUM in just 16 months, from Rs. 50,000 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[112,71,129],"tags":[],"class_list":["post-18043","post","type-post","status-publish","format-standard","hentry","category-bank","category-business","category-finance"],"_links":{"self":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/18043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18043"}],"version-history":[{"count":1,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/18043\/revisions"}],"predecessor-version":[{"id":18044,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/18043\/revisions\/18044"}],"wp:attachment":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}