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      Question

      In April 2026, the Pension Fund Regulatory and

      Development Authority (PFRDA) approved which Asset Management Company (AMC) to act as a sponsor for a pension fund under the National Pension System (NPS)?
      A HDFC Asset Management Co. Correct Answer Incorrect Answer
      B SBI Funds Management Correct Answer Incorrect Answer
      C PPFAS Asset Management Company (AMC) Correct Answer Incorrect Answer
      D ICICI Prudential Asset Management Co. Correct Answer Incorrect Answer
      E Kotak Asset Management Co. Correct Answer Incorrect Answer

      Solution

      In April 2026, the Pension Fund Regulatory and Development Authority (PFRDA) under the Ministry of Finance approved PPFAS Asset Management Company (AMC), a wholly-owned subsidiary of Parag Parikh Financial Advisory Services Limited (PPFAS), to act as a sponsor for a pension fund under the National Pension System (NPS). A separate pension fund company will be established to manage NPS schemes and invest across Equities, Government Securities, and Corporate Bonds.

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