HDFC Pension Management Company Ltd., a wholly owned subsidiary of HDFC Life Insurance Company Ltd., has grown rapidly since its launch in 2013, reaching Rs. 50,000 cr. of AUM on May 15th, 2023. The AUM size has grown 400% in 33 months from Rs. 10,000 Cr. in July 2020.
HDFC Pension is the fastest-growing legacy pension fund manager in India with the highest number of subscribers. HDFC Pension has also been awarded as the ‘Best Performing PFM’ by Money Today for 3consecutive years from 2019 to 2022.Every working person requires a way to ensure their future after retirement. NPS, as a financial instrument, is essential in the retirement planning process. Superior returns, appealing tax benefits, and minimal charges combine to provide a compelling consumer proposition.
Speaking on this milestone, Sriram Iyer – Chief Executive Officer, HDFC Pension said, “This is a very proud moment for us. We are delighted to have crossed this milestone of Rs. 50,000 cr. AUM and this validates our strong presence.”
