The approval was granted through a Letter of Appointment dated May 05, 2026, following the company’s application under PFRDA’s selection process for pension fund sponsors under its registration guidelines.
As part of the mandate, MOAMC will establish a separate pension fund entity to act as an investment manager, overseeing NPS contributions and managing pension assets in line with the PFRDA Act, 2013, and applicable rules and regulations.
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The company will undertake the necessary formalities, including obtaining the Certificate of Registration and executing key agreements such as the Investment Management Agreement (IMA) with the NPS Trust, along with further arrangements with other custodians, intermediaries and parties.
Upon completion, Motilal Oswal Asset Management Company Ltd will commence full-scale operations to act as a Sponsor of Pension Fund under the NPS.
Prateek Agrawal, MD and CEO, Motilal Oswal Asset Management Company Ltd,(MOAMC) said, “As India’s financial ecosystem evolves, the need for disciplined, long-term retirement investment and planning is becoming critical for long-term financial security.
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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.”
Fourth Quarter
The company reported a 25% year-on-year rise in operating profit at ₹661 crore for the fourth quarter, compared with ₹527 crore in the corresponding period last year. This is led by strong growth in the asset & private wealth management (PWM) business. The asset & private wealth management business reported an operating profit after tax growth of 48% to ₹338 crore on a year-on-year basis.
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In asset management (including alternates), profit after tax rose 63% year-on-year to ₹249 crore in Q4 and 55% to ₹798 crore in FY26. Total AUM increased 32% year-on-year to ₹1.76 lakh crore, driven by mutual fund AUM growth of 31% and private alternates AUM growth of 104%.
Shares of Motilal Oswal Financial Services Ltd ended at ₹881.40, up by ₹37.95, or 4.50%, on the BSE.
