PPFAS gets PFRDA nod to enter pension fund business under NPS
PPFAS Asset Management Pvt. Ltd. has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to sponsor a pension fund under India’s National Pension System (NPS). This marks the firm’s entry into the retirement savings sector, where it will manage NPS subscribers’ assets through a dedicated pension fund entity.
Approval Details
The nod was announced around April 7-8, 2026, with PPFAS planning to complete registration and operational setup before launching schemes focused on long-term returns. Neil Parag Parikh, Chairman and CEO, emphasized the firm’s value-oriented approach to handling retirement savings responsibly.
NPS Context
NPS is a market-linked, defined-contribution pension scheme regulated by PFRDA, pooling subscriber funds into diversified portfolios like bonds and equities. Currently, 10 pension funds manage about ₹15.95 lakh crore in assets for over 2 crore subscribers as of late 2025, with recent PFRDA reforms allowing banks and others to expand participation. PPFAS’s entry taps into this growing ecosystem amid revised fee structures that lower costs at higher AUM levels.
