NPS and APY assets under management cross ₹16 lakh crore; subscribers top 9 crore
On 9 October 2025 the combined assets under management of the National Pension System and Atal Pension Yojana crossed ₹16 lakh crore, with the subscriber base surpassing 9 crore, PFRDA said.
Summary
On 9 October 2025 the Pension Fund Regulatory and Development Authority (PFRDA) said the combined assets under management (AUM) of the National Pension System (NPS) and Atal Pension Yojana (APY) had crossed ₹16 lakh crore that day, and the subscriber base had surpassed 9 crore. PFRDA's recent steps include the Multiple Scheme Framework (MSF), effective from 1 October 2025, offering greater investment choice; an NPS Platform Workers Model covering gig workers; a consultation paper on an NPS overhaul proposing graded payouts and flexible annuity options; and outreach to farmers and MSME workers.
Key facts
- AUM
- NPS + APY cross ₹16 lakh crore — 9 Oct 2025
- Subscribers
- Over 9 crore
- Regulator
- PFRDA
- Multiple Scheme Framework
- Effective 1 Oct 2025
- Gig workers
- NPS Platform Workers Model
Practice MCQs 2 questions
In October 2025 the combined assets under management of NPS and Atal Pension Yojana crossed which mark?
Show answer
Correct answer: C — ₹16 lakh crore
PIB: the combined AUM of NPS and APY crossed the ₹16 lakh crore mark on 9 October 2025.
Consider the following statements about the pension sector (October 2025): 1. The combined subscriber base of NPS and APY has surpassed 9 crore. 2. PFRDA's Multiple Scheme Framework became effective from 1 April 2025. Which of the statements given above is/are correct?
Show answer
Correct answer: A — 1 only
Only 1 is correct. PIB: the subscriber base has surpassed 9 crore; the Multiple Scheme Framework is effective from 1 October 2025, not 1 April 2025.