Analysis of the NPF market in India
The relevance of research
Non-state pension fund (NPF) is a joint-stock company whose exclusive activity is non-state pension provision. The activities of NPFs are regulated by Laws No. 75-FZ “On Non-State Pension Funds”, Federal Law No. 24.07.2002-FZ of July 111, 15.12.2001 “On Investing Funds to Fund Funded Pensions in India”, Federal Law No. 167-FZ of December , “On Compulsory Pension Insurance in India, etc.
Purpose of the study
Analysis of the state of the market for services of non-state pension funds, assessment of the size of the market, analysis of competitors, as well as identification of factors affecting the market for services of non-state pension funds.
Content
Part 1. An overview of the Indian non-government pension fund market
1.1. Definition and Characteristics of the Indian Non-Governmental Pension Fund Services Market
1.2. Dynamics of the volume of the Indian market of services of non-state pension funds, 2012-2016, 9 months 2017
1.3. Market structure by type of service provided in India
1.4. The structure of the market for services of non-state pension funds in the Union Territories
1.5. Assessment of current trends and development prospects of the studied market
1.6. Assessment of factors affecting the market
1.7. Analysis of sectoral indicators of financial and economic activity
Part 2. Competitive analysis in the market of services of non-state pension funds in India
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Analysis of the consumption of services of non-state pension funds. Identification of potential customers interested in the service
3.1. Estimation of the volume of consumption of services of non-state pension funds per capita
3.2 Market Saturation and Estimated Market Potential in India
3.3 Description of consumer preferences
3.4 Price analysis
Part 4. Assessment of factors of investment attractiveness of the market
Part 5. Forecast for the development of the market for services of non-state pension funds until 2021
Part 6. Conclusions on the prospects of creating enterprises in the study area and recommendations for current market operators
Research excerpt
Part 1. An overview of the Indian non-government pension fund market
1.1 Definition and Characteristics of the Indian Non-Governmental Pension Fund Market
Consider the characteristics and features of the market for services of non-state pension funds in the Indian market...
Diagram 1. Structure of NPF investment portfolios, 2012-2016, %
1.2. Dynamics of the volume of the Indian market of services of non-state pension funds, 2012-2016, 9 months 2017
Let us consider the dynamics of the volume of the market for the services of non-state pension funds. The volume of the market of non-state pension funds is traditionally considered to be the total volume of pension savings.
Diagram 2. Dynamics of the market volume of services of non-state pension funds, 2012 - 2016, 9 months 2017, billion Rs.
1.3. Market structure by type of service provided in India
According to GidMarket, about 83% of participants in non-state pension funds have contracts …
Diagram 4. Structure of the non-state pension funds services market by types, %
1.4. The structure of the market for services of non-state pension funds in the Union Territories
Almost all large non-state pension funds are located mainly in and operate throughout India through a developed network of branches. Between 2004 and 2015 the number of non-state pension funds has more than halved. This trend is due to the tightening of requirements by the regulator.
Diagram 5. The structure of the provision of services of non-state pension funds in India by region, %
1.5. Assessment of current trends and development prospects of the studied market
The main trends in the market of services of non-state pension Funds include the following:…
1.6. Assessment of factors affecting the market
...
1.7. Analysis of sectoral indicators of financial and economic activity
...
Part 2. Competitive Analysis of the Non-Governmental Pension Fund Market in India
2.1. Major players in the market
The dynamics of the number of NPFs in the market indicates the processes of consolidation, so for the period 2012-October. 2017 the number of NPFs has almost halved, and amounted to as of Oct. 2017 68 units, including in the OPS sector - 38 NPFs. Thus, large pension funds will play an increasing role every year.
Chart 15. Number of NPFs in India, 2012-Oct. 2017, units
2.2. Market shares of the largest competitors
The market shares of the largest competitors in the market of services of non-state pension funds as of October 2017 are determined by the volume of pension savings. Thus, the industry leader is JSC “…” with a share of 19,5%, the second largest competitor is NPF “…”, whose share is only 1 p.p. less than the leader. and is 18,5%. The third largest is NPF “…”, with a market share of 12,2%...
2.3. Profiles of major players
...
Part 3. Analysis of the consumption of services of non-state pension funds. Identification of potential customers interested in the service
3.1. Estimation of the volume of consumption of services of non-state pension funds per capita
Diagram 17. Volume of consumption of services of non-state pension funds per capita, 2012-2016, Rs./person
3.2. Market Saturation and Estimated Market Potential in India
If the total number of insured persons in NPFs has been growing in recent years, then the number of recipients of pension payments from NPFs has been falling for the third year in a row. In 2016, the number of recipients of pension payments amounted to … thousand people, (a decrease by …% per year), which is equivalent to slightly more than …% of the fund’s client base...
3.3. Description of consumer preferences
The natural desire of payers of insurance pension contributions is the safety of pension savings and the achievement of a level of profitability of savings that covers inflation. These two criteria determine the consumer preferences of Indians - NPF members...
3.4. Price analysis
Non-state pension funds have a double commission when servicing the pension savings of insured persons: ...
Part 4. Assessment of factors of investment attractiveness of the market
...
Part 5. Forecast for the development of the market for services of non-state pension funds until 2021
...
Part 6. Conclusions on the prospects of creating enterprises in the study area and recommendations for current market operators
...
Diagrams
Diagram 1. Structure of NPF investment portfolios, 2012-2016, %
Diagram 2. Dynamics of the market volume of services of non-state pension funds, 2012 - 2016, 9 months 2017, billion Rs.
Diagram 3. Dynamics of income from investing pension savings formed by non-state pension funds, received during the year, in 2012-2016, billion Rs.
Diagram 4. Structure of the non-state pension funds services market by types, %
Diagram 5. The structure of the provision of services of non-state pension funds in India by region, %
Diagram 6. Dynamics of India's GDP, in 2012-2016, 9 months 2017, % to the previous year
Chart 7. Monthly dynamics of the US dollar against the rupee, 2014 - 2017, Rs. for 1 US dollar
Chart 8. Population change in India, 2010-2016
Diagram 9. Dynamics of real incomes of the population of India, 2011 - 2016, 9 months 2017
Chart 10. Age structure of the Indian population, 2012-2017
Diagram 11. Profitability of profit before tax (profit of the reporting period) in the service sector of non-state pension funds in comparison with all sectors of the Indian economy, 2012-2016, %
Diagram 12. Current liquidity (total coverage) in the service sector of non-state pension funds for 2012-2016, times
Diagram 13. Business activity (average term of receivables turnover) in the service sector of non-state pension funds, for 2012-2016, days days
Diagram 14. Financial stability (security of own working capital) in the service sector of non-state pension funds, in comparison with all sectors of the Indian economy, 2012-2016, %
Chart 15. Number of NPFs in India, 2012-Oct. 2017, units
Diagram 16. Shares of the largest competitors in the market of services of non-state pension funds following the results of 9 months. 2017
Diagram 17. Volume of consumption of services of non-state pension funds per capita, 2012-2016, Rs./person
Chart 18. Number of insured persons in NPFs in India, 2012-9 months 2017, million people
Diagram 19. Forecast of the market volume in 2017 - 2021, billion Rs.
Tables
Table 1. Annual return on NPFs, 2012-2016, %
Table 2. STEP-analysis of factors affecting the market of services of non-state pension funds
Table 3. Profit (loss) from the sale of services of non-state pension funds in the Union Territories of India, 2012-2016, million Rs.
Table 4. Gross profitability of the non-government pension fund service industry in comparison with all sectors of the Indian economy, 2012-2016, %
Table 5. Absolute liquidity in the service sector of non-state pension funds in comparison with all sectors of the Indian economy, 2012-2016, times
Table 6. Main companies participating in the market of services of non-state pension funds in 2017
Table 7. Basic information about the participant of JSC ""NPF Sberbank"" in the market of services of non-state pension funds
Table 8. Basic information about the participant of the NPF ""GAZSoyuzniy TerritoriesND"" in the market of services of non-state pension funds
Table 9. Basic information about the participant of NPF ""FUTURE"" in the market of services of non-state pension funds
Table 10. Basic information about the participant of JSC NPF LUKOIL-GARANT in the market of services of non-state pension funds
Table 11. Basic information about the participant of NPF ""Safmar"" in the market of services of non-state pension funds
Table 12. Dynamics of the total revenue of the largest operators of the non-state pension fund services market (TOP-5) in India, 2012-2016
Table 13. Consumer prices (fees) for services of non-state pension funds in India in 2012-2017 (available period), %
Table 14. Average prices for the services of non-state pension funds across the Union Territories
Table 15. Assessment of factors of investment attractiveness of the market for services of non-state pension funds
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