The Axis NPS calculator projects your NPS corpus and pension with Axis Pension Fund Management Limited, and covers how Axis Bank customers can open and fund NPS. Axis Pension Fund is one of the newer pension fund managers in NPS.
Axis Pension Fund at a glance
- Sponsor: Axis Asset Management Company.
- Registered: as a pension fund under PFRDA in 2022.
- Schemes: E, C, G and A schemes under Tier I and Tier II for non-government subscribers, plus newer scheme options.
NPS through Axis Bank
Axis Bank is a Point of Presence for NPS. You can open an NPS account online with your Axis Bank login, contribute by standing instruction and access your PRAN. You are free to choose Axis Pension Fund or any other fund.
Newer fund, shorter track record
Because Axis Pension Fund started later, its track record is shorter than older managers’. When projecting, use returns over the longest period available and compare with older funds’ long-term returns before deciding.
Frequently asked questions
Is Axis NPS the same as Axis Bank NPS?
Axis Bank is a PoP that opens and services NPS accounts. Axis Pension Fund is a fund manager. You can use either one without the other.
Can I change my pension fund later?
Yes. You can switch to any other pension fund once in a financial year, and change your asset allocation up to four times a year, from your CRA login. Your PRAN stays the same.
Does the PoP or fund change the NPS rules?
No. Contribution limits, tax benefits, exit and withdrawal rules are set by PFRDA and are the same for every PoP and pension fund.