Concept:PFRDA has appointed DSP Pension Fund Managers as the 11th authorised fund manager for NPS retirement savings.
Explanation:The Pension Fund Regulatory and Development Authority (PFRDA) is appointing DSP Pension Fund Managers as the 11th fund manager permitted to manage retirement savings under the National Pension System (NPS).
This appointment is part of PFRDA's efforts to expand NPS reach through Regional Rural Banks (RRBs) across the country.
DSP Pension Fund Managers was incorporated on 26 November 2012.
It is a non-government company registered at the Registrar of Companies, Mumbai.
NPS is mandatory for central and state government employees who joined service after 2004.
These employees account for a bulk of the
Rs.10.22 lakh crore assets under NPS management.
Around 31 lakh people have voluntarily joined NPS, growing at about
25% per year.
PFRDA was founded in 2003 and has its headquarters in New Delhi.
The current Chairperson of PFRDA is Deepak Mohanty.
Answer:Option B: DSP Pension Fund Managers