{"id":369542,"date":"2026-04-08T13:08:14","date_gmt":"2026-04-08T13:08:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/369542\/"},"modified":"2026-04-08T13:08:14","modified_gmt":"2026-04-08T13:08:14","slug":"ppfas-asset-management-gets-approval-to-sponsor-pension-funds-under-nps","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/369542\/","title":{"rendered":"PPFAS Asset Management gets approval to sponsor pension funds under NPS"},"content":{"rendered":"

PPFAS Asset Management has received approval from the Pension Fund Regulatory and Development Authority (PFRDA<\/a>) today to become a sponsor for a pension fund under the National Pension System (NPS<\/a>).<\/p>\n

The company will soon start managing the retirement savings of people who invest through NPS. It will set up a separate pension fund company that will run the schemes and grow these savings over time, according to a press release.<\/p>\n

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\u201cWe are honoured to receive this approval from PFRDA. Managing retirement savings is a significant responsibility, and we are committed to handling it with care, discipline, and a long-term approach. Our focus will remain on safeguarding investors\u2019 interests while delivering consistent performance,\u201d said Neil Parag Parikh<\/a>, Chairman and CEO of PPFAS Asset Management.<\/p>\n

The company will now complete the required formalities, including registration and operational setup of the pension fund, before commencing full-scale operations.<\/p>\n

\"ETLive Events
This move is expected to strengthen PPFAS Asset Management\u2019s role in India\u2019s financial ecosystem and contribute to the growth of long-term retirement planning solutions for investors.
PPFAS Asset Management is a Mumbai-based investment management company and part of the PPFAS group, which has a long history in India\u2019s financial services sector. The company was established in 2011 and is promoted by Parag Parikh Financial Advisory Services Ltd., a well-known investment advisory firm founded in 1992.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)<\/p>\n

If you have any mutual fund queries, message on ET Mutual Funds<\/a> on Facebook\/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in<\/a> alongwith your age, risk profile, and twitter handle.<\/p>\n

Add \"ET as a Reliable and Trusted News Source<\/p>\n","protected":false},"excerpt":{"rendered":"PPFAS Asset Management has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) today to become…\n","protected":false},"author":2,"featured_media":369543,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,49910,7454,193495,111,139,6020,69,14535,244,245,9150,193493,193494],"class_list":{"0":"post-369542","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-mutual-fund-news","11":"tag-mutual-funds","12":"tag-neil-parag-parikh","13":"tag-new-zealand","14":"tag-newzealand","15":"tag-nps","16":"tag-nz","17":"tag-pension-funds","18":"tag-personal-finance","19":"tag-personalfinance","20":"tag-pfrda","21":"tag-ppfas-amc","22":"tag-ppfas-mutual-fund"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/369542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=369542"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/369542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/369543"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=369542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=369542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=369542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}