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.
Value of assets under management in National Pension System in India from financial year 2014 to 2023
(in billion Indian rupees)
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National Pension System Trust. (September 22, 2023). Value of assets under management in National Pension System in India from financial year 2014 to 2023 (in billion Indian rupees) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1027896/india-value-of-assets-under-management-in-national-pension-scheme/
National Pension System Trust. "Value of assets under management in National Pension System in India from financial year 2014 to 2023 (in billion Indian rupees)." Chart. September 22, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1027896/india-value-of-assets-under-management-in-national-pension-scheme/
National Pension System Trust. (2023). Value of assets under management in National Pension System in India from financial year 2014 to 2023 (in billion Indian rupees). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1027896/india-value-of-assets-under-management-in-national-pension-scheme/
National Pension System Trust. "Value of Assets under Management in National Pension System in India from Financial Year 2014 to 2023 (in Billion Indian Rupees)." Statista, Statista Inc., 22 Sep 2023, https://www.statista.com/statistics/1027896/india-value-of-assets-under-management-in-national-pension-scheme/
National Pension System Trust, Value of assets under management in National Pension System in India from financial year 2014 to 2023 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1027896/india-value-of-assets-under-management-in-national-pension-scheme/ (last visited November 23, 2024)
Value of assets under management in National Pension System in India from financial year 2014 to 2023 (in billion Indian rupees) [Graph], National Pension System Trust, September 22, 2023. [Online]. Available: https://www.statista.com/statistics/1027896/india-value-of-assets-under-management-in-national-pension-scheme/