SBI Pension Funds Pvt. Ltd is the largest pension fund manager with an asset under management of nearly Rs85,000 crore that includes both the government and private sector. SBI Pension Fund, along with two other public sector pension fund managers, is also entrusted with the responsibility to manage the government sector corpus of the National Pension System (NPS). But that’s going to change as the regulator is looking to open up government NPS to the private sector pension fund managers as well. Kumar Sharadindu, managing director and chief executive officer of SBI Pension Funds talks to Mint Money on the impact of this decision and also how a delay in getting fresh licences impacts fund managers.
The auction for new fund managers was held in 2016 but the fund managers are yet to get fresh licences. How does this impact the fund managers?
