HDFC Pension Management Company Ltd., the fastest growing legacy Pension Fund Manager under the National Pension System (NPS) has crossed the milestone of Rs. 50,000 cr. of Assets Under Management (AUM) on May 15th 2023. Since its launch in 2013, the Company, a wholly owned subsidiary of HDFC Life Insurance Company Ltd., has grown at a fast rate (see table below). The AUM size has grown 400% in a span of thirty three (33) months from a base AUM of Rs. 10,000 Cr. which was achieved in July 2020.
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. This achievement becomes even more significant as we complete ten (10) years of business this year. This milestone is a reflection of the trust placed in our organization by our esteemed subscribers. We would like to thank our subscribers, Corporate partners, Points of Presence (POPs) and distributors for the confidence and trust they have shown in us and their support that has enabled the Company to grow over the years.”