Top News

• Big responsibility on Motilal Oswal Asset Management Company
• Act as ‘Pension Fund Sponsor’ under NPS
• A good option for financial planning

Motilal Oswal Asset Management Company : Motilal Oswal Asset Management Company Limited or MOAMC, a legendary name in India’s financial sector, has received a major mandate from Pension Fund Regulatory and Development Authority PFRDA. Now this company will act as ‘Pension Fund Sponsor’ under National Pension System (NPS).

If there should be a boss, he paid salary even if the factory burned down, then he did something that made the employees become millionaires

Establishment of Independent Pension Fund Company

This approval has been granted to the application made by Motilal Oswal AMC in accordance with the registration guidelines of PFRDA. As part of this new responsibility, the company will set up a separate pension fund company. This company will primarily work as an ‘Investment Manager’. That is, the company will be responsible for managing the money invested by the members of NPS and monitoring it as per PFRDA Act, 2013.

After that the full work will be started

Motilal Oswal AMC will now complete formalities such as obtaining registration certificate and signing important documents like Investment Management Agreement (IMA) with NPS Trust, as well as making necessary arrangements with custodians, intermediaries and other parties. After all this is completed, Motilal Oswal AMC will start its full operations as a pension fund sponsor under NPS.

A good option for financial planning

This move will further strengthen Motilal Oswal AMC’s role in India’s financial sector. Also, with the help of the company’s competent investment management capabilities and experienced fund management team, people will get a better option for long-term financial planning for post-retirement life.

Helping investors build a solid retirement fund

Mr. Prateek Agarwal, MD and CEO, Motilal Oswal AMC said: “As India’s financial system continues to evolve, long-term retirement planning and investing is becoming increasingly important. Indians are now shifting from ‘savers’ to ‘investors’ and money in NPS is also steadily increasing. Through our entry into the NPS ecosystem, we aim to bring a research-based, high-fidelity and long-term investment approach — aimed at providing investors with a solid retirement.” is to help raise funds.”

8th Pay Commission: Questions asked by 8th Pay Commission regarding Dearness Allowance… Central employees have till 31st May