Intimation regarding Letter of Appointment issued to Motilal Oswal Asset Management Company Limited, a Material Wholly-Owned Subsidiary Company, to act as Sponsor of Pension Fund
MOTILALOFS · price
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Motilal Oswal Asset Management Company Limited (MOAMC), a wholly-owned subsidiary of Motilal Oswal Financial Services, has received a Letter of Appointment from PFRDA (Pension Fund Regulatory and Development Authority) dated May 05, 2026. The appointment authorizes MOAMC to act as Sponsor of Pension Fund under the National Pension System (NPS). MOAMC will now set up a separate pension fund entity to manage pension assets and NPS subscriber contributions. This is subject to obtaining necessary registrations, approvals, and executing agreements with the NPS Trust. The company views this as a significant milestone to expand into the long-term retirement and pension fund management space in India.
This regulatory approval opens a new revenue stream for the Motilal Oswal group in the growing pension fund management sector. It strengthens MOAMC's presence in India's financial services ecosystem and could be positive for shareholders as it diversifies the company's business into a large, regulated market.