Value of AUM in NPS India FY 2014-2023

In financial year 2023, the assets under management by the NPS stood at over 8.9 trillion Indian rupees. This was a considerable increase from around 7.3 trillion rupees in the previous year. The relative size of India's pension assets to the GDP was considerably lower when compared to other economies.
In 2004, the National Pension System Trust was rolled out by the Indian government and became the only universal scheme to handle assets and funds of all subscribers. As of 2009, the NPS was also rolled out for the private sector and this has led to a steady growth in its assets value. The National Pension System Trust is the only universal inclusive pension system for all in India and is governed by the Pension Fund Regulatory and Development Authority.