HDFC Pension's AUM grows 200% to ₹1.5 lakh crore in 30 months

HDFC Pension Fund Management, one of India’s largest private pension fund managers under the National Pension System (NPS), has crossed ₹1.50 lakh crore in Assets Under Management (AUM) as of November 17. The milestone represents a 200% increase over the past 30 months, with AUM rising from ₹50,000 crore in May 2023.

The company, which currently serves over 27 lakh subscribers, holds a market share of 43% across retail and corporate segments.

HDFC Pension also operates as a Point of Presence (PoP) under NPS, facilitating enrolment and account servicing, and has partnered with more than 4,300 corporates to promote the Corporate NPS scheme.

The growth coincides with recent reforms by the Pension Fund Regulatory and Development Authority (PFRDA), including the launch of the Multiple Scheme Framework, which provides investors with greater flexibility and choice in retirement planning.

HDFC Pension has steadily expanded since its inception in 2011, growing its AUM from ₹6 crore in FY 2013-14 to the current level, reflecting sustained investor adoption. The fund follows PFRDA investment guidelines and manages retirement corpus for salaried employees, self-employed individuals, gig workers, and minors (through parental accounts).

The NPS is designed to offer a disciplined, low-cost, and tax-efficient approach to retirement savings, and recent policy updates aim to make the product more accessible and customer-friendly across age and income groups.