Pension Fund Regulatory and Development Authority(PFRDA)  Chairman Supratim Bandyopadhyay today said, the total assets under management of the National Pension System and Atal Pension Yojana have crossed Rs. 5 lakh crore.

Mr Bandyopadhyay said that by the end of this fiscal PFRDA hopes to hit a target of Rs. 6 lakh crore Asset Under Management (AUM).

He said, achieving  Rs. 5 lakh crore  AUM is a major achievement which reflects the  faith subscribers have in PFRDA and NPS.

The subscriber's contributions under the National Pension System (NPS) and Atal Pension Yojana (APY) have jointly contributed to this landmark figure, over a period of 12 years.