New Delhi:  DSP BlackRock Investment Managers (P) Ltd has decided to join as pension fund manager to manage New Pension Scheme (NPS) corpus, while IDFC has pulled out after not renewing its tenure, sources said.

DSP BlackRock Investment Managers, which oversees assets worth over Rs 30,000 crore for DSP Blackrock MF, joins the existing managers — SBI Pension Funds (P) Ltd, UTI Retirement Solutions Ltd, ICICI Prudential Pension Funds Management Co Ltd, Kotak Mahindra Pension Fund Ltd and Reliance Capital Pension Fund Ltd and LIC Pension Fund LIC (manages only funds of government employees).

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