Simply Save | Expansion in NPS investment universe will help us generate better returns for subscribers: ICICI Pru Pension CEO
Increase in awareness, increase in investment management fees and more avenues to invest augur well for the NPS space, Sumit Mohindra, CEO, ICICI Pension Funds Management Company tells Preeti Kulkarni
November 24, 2021 / 06:10 PM IST
NPS as a retirement planning tool has gained in popularity in recent years, with its subscriber base seeing significant growth. According to Pension Funds Regulatory and Development of Authority of India (PFRDA) data, the non-government sector subscriber base rose 2.4 lakh in the financial year 2021-22 up to August. During the same period last year, the system had seen addition of 1.6 lakh new subscribers.
In the last one year, this space has seen several developments, with investment charges being revised and new pension fund managers entering the fray. The PFRDA has also liberalised investment guidelines in July 2021. To discuss what these developments mean for NPS subscribers and what the future holds for the NPS space, we have with us today Mr Sumit Mohindra, CEO, ICICI Prudential Pension Funds Management Company. Tune into Simply Save for details