DSP BlackRock Investment Managers has received a certificate of registration from Pension Fund Regulatory and Development Authority (PFRDA) to act as a fund manager for National Pension System (NPS).
DSP BlackRock, which manages Rs 32342 crore joins existing players like LIC Pension, SBI Pension Funds, UTI Retirement Solutions, ICICI Prudential, Kotak Mahindra and Reliance Capital.
“We have received certificate of registration after which there will get a certificate to commence business,” said Pankaj Sharma, EVP, Head of Business Development and Risk Management, DSP BlackRock Investment Managers.
Sponsors of pension funds are required to have at least three years of fund management both in equity and debt securities.
As per PFRDA, there are about 44.93 lakh NPS subscribers with Rs 28493 crore assets under management as on March 02, 2013.
