After mutual funds, insurers and stock markets, pension funds are also witnessing a good inflow into their kitty. The Pension Fund Regulatory and Development Authority of India (PFRDA), which manages the National Pension Scheme (NPS), has reported inflows of close to Rs 56,000 crore during 2016-17.
“NPS corpus has increased by 47 per cent to Rs 1,74,000 crore in 2016-17. The number of subscribers has also increased by 27 per cent. Around 37 lakh new subscribers joined the scheme last year. Out total subscriber base is now 1.54 crore,” PFRDA Chairman Hemant Contractor said. This indicates the losing glitter of traditional investment avenues like gold and real estate and the emergence of financial instruments.
