The assets under management (AUM) of the National Pension System (NPS) are projected to reach Rs 15 lakh crore by the end of the current fiscal year, according to Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty.Speaking at the Association of NPS Intermediaries launch, Mohanty highlighted that employee participation in the corporate sector continues to be a challenge. The newly formed association includes pension fund managers, points of presence (both bank and non-bank), central record-keeping agencies, trustee banks, custodians, aggregators, annuity service providers, pension agents, retirement advisors, and other industry participants.
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