{"id":562202,"date":"2026-08-07T22:12:18","date_gmt":"2026-08-07T22:12:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/562202\/"},"modified":"2026-08-07T22:12:18","modified_gmt":"2026-08-07T22:12:18","slug":"pfrda-approves-4-new-pension-funds-to-join-npa-system","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/562202\/","title":{"rendered":"PFRDA approves 4 new pension funds to join NPA system"},"content":{"rendered":"

Kolkata: The Pension Fund Regulatory and Development Authority<\/a> has approved four new pension funds<\/a> taking the total count to 14, chairman Sivasubramanian Ramann said in Kolkata Friday.<\/p>\n

Pension funds collect and invest money contributed by employees and employers to build a large financial pool with an endeavour to pay regular income streams to workers after they retire.
Bank of Baroda<\/a>, Bajaj Finance<\/a>, Parag Parikh<\/a> and Motilal Oswal<\/a> are the four new funds joining the system, Ramann said.<\/p>\n

Also read: Higher EPS-95 pension: Government clarifies rule for employees of exempted, unexempted establishments<\/a><\/p>\n

Subscribers to the National Pension Scheme<\/a> (NPS) can choose any of the pension funds to invest in. NPS is aimed at ensuring long-term financial security for workers both in organised and unorganised sectors.<\/p>\n

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Ramann said PFRDA<\/a> has a set target of growing non-government NPS subscribers to 35-40 crore in five years from about 90 lakh at present.
With the new digital push, we expect 2-3 crore subscribers every year, he said, highlighting the importance of building a robust and inclusive pension ecosystem by leveraging technology and trusted distribution networks.He emphasised that expanding pension coverage requires greater accessibility, simplified onboarding and stronger last-mile outreach. <\/p>\n

“Our conservative schemes have delivered 9.2-9.3% annual returns over 15 years,” he said<\/p>\n

“Atal Pension Yojana<\/a> has shown us that scale is achievable, with 10 crore people joining through bank and RRB networks. I am confident NPS can now build on that same distribution strength through digital onboarding,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"Kolkata: The Pension Fund Regulatory and Development Authority has approved four new pension funds taking the total count…\n","protected":false},"author":2,"featured_media":562203,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[143200,8672,158225,138,246,21730,44175,276505,111,139,69,276506,38949,244,245,9150],"class_list":["post-562202","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-atal-pension-yojana","tag-bajaj-finance","tag-bank-of-baroda","tag-business","tag-finance","tag-motilal-oswal","tag-national-pension-scheme","tag-new-pension-funds","tag-new-zealand","tag-newzealand","tag-nz","tag-parag-parikh","tag-pension-fund-regulatory-and-development-authority","tag-personal-finance","tag-personalfinance","tag-pfrda"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/562202","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=562202"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/562202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/562203"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=562202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=562202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=562202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}