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The AUM has elevated from Rs 10 lakh crore to Rs 11 lakh crore in 4 months 18 days (August 24, 2023 to January 10, 2024), he stated, including the non-public sector AUM crossed Rs 2 lakh crore.
The authority in September revised the AUM goal of Rs 12 lakh crore for the present fiscal.
The pension authority is engaged on a minimal assured pension plan, and it might develop into a actuality within the subsequent monetary yr if the assure issued is resolved.
“There are plenty of issues in figuring out the speed of return, what to set because the bar for return. Fund managers are additionally thinly capitalised. So, it’s a must to maintain a examine on their liabilities additionally,” Mohanty stated.
Requested concerning the Funds wishlist, he stated the transfer to lift the assured return below the Atal pension plan continues to be on the ‘wishlist’. Nonetheless, he declined to remark if the Interim Funds could take up the problem. Finance Minister Nirmala Sitharaman will current the Interim Funds for 2024-25 on February 1. The pension fund regulatory physique was contemplating elevating the present return of Rs 1,000-5,000 to Rs 2,500-7,500.
The chairman of the pension authority additionally stated that few states who’ve issued notification to tug out of the Nationwide Pension System continued to contribute to the plan no matter the on-paper withdrawal.
Nonetheless, he didn’t want to determine the states.
