Motilal Oswal Asset Management secures PFRDA approval to sponsor pension fund

Yash Agarwal — Wed, 06 May 2026 10:57:05 +0000

Motilal Oswal Asset Management Company Ltd. (MOAMC) has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to act as a Sponsor of Pension Fund under the National Pension System (NPS). This development marks a significant milestone for the company, enhancing its presence in the financial services ecosystem and expanding its role in the long-term retirement and pension fund management sector.

The PFRDA approval follows MOAMC’s application in response to the regulatory body’s invitation for selecting pension fund sponsors under its Registration Guidelines. As part of its mandate, MOAMC will establish a separate pension fund entity to serve as an investment manager. This entity will oversee the NPS contributions of subscribers and manage pension assets in compliance with the PFRDA Act, 2013, and other applicable regulations.

In preparation for its new role, Motilal Oswal Asset Management Company Ltd. will undertake necessary formalities, including obtaining a Certificate of Registration and executing key agreements such as the Investment Management Agreement (IMA) with the NPS Trust. The company will also arrange partnerships with other custodians, intermediaries, and relevant parties. Upon completion of these formalities, MOAMC will commence full-scale operations as a Sponsor of Pension Fund under the NPS.

This strategic move is expected to bolster Motilal Oswal Asset Management Company’s position in India’s financial ecosystem and address the growing demand for long-term retirement planning solutions. The company aims to leverage its investment management capabilities and experienced fund management team to offer disciplined, long-term retirement investment and planning solutions.

Prateek Agrawal, Managing Director & CEO of MOAMC, commented on the development, stating, “As India’s financial ecosystem evolves, the need for disciplined, long-term retirement investment and planning is becoming critical for long-term financial security. As Indians shift their financial habits moving from a saver to an investor mindset, NPS inflows have also been growing steadily. Through our entry into India’s NPS ecosystem, we aim to bring a research-driven, high-conviction, and long-term investment approach, focused on delivering consistent performance for investors to build sustainable retirement wealth.”

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Prateek Agrawal | Business Upturn

Motilal Oswal Asset Management secures PFRDA approval to sponsor pension fund