New Delhi, Oct 9
The combined assets under management (AUM) of the National Pension System (NPS) and Atal Pension Yojana (APY) have crossed the Rs 16 lakh crore mark, the Ministry of Finance said on Thursday.
This includes the Multiple Scheme Framework (MSF), effective from October 1, 2025, which offers greater investment choice.
The National Pension System Vatsalya, or NPS Vatsalya Yojana, is a retirement savings plan intended for young children.
“NPS-Vatsalya promotes inter-generational equity and financial security by encouraging early savings for children as well as promoting a culture and habit of retirement planning across generations,” Chaudhary said.
Under the old tax regime, an income tax deduction under Section 80CCD (1B) up to Rs 50,000 has been extended towards NPS-Vatsalya contribution made by the parent or guardian with effect from April 1.