PFM Performance
Compare how India’s ten NPS Pension Fund Managers have delivered across the Equity, Corporate-debt and Government-securities schemes — a CAGR returns comparison plus a rolling-returns view of how consistent each fund has been.
Why compare Pension Fund Managers?
Every PFM invests your NPS money under the same PFRDA rules and within the same asset classes — yet their returns are not identical. Fund-management skill, portfolio construction and consistency across market cycles create a real gap between the best and the rest over the long run.
Returns differ by manager
Under identical PFRDA rules, the strongest fund in a scheme still out-earns the weakest — manager skill and portfolio calls open a real, lasting gap.
A small edge compounds
Even a 1% yearly difference snowballs across 25–30 years of contributions into a materially larger retirement corpus.
You’re free to switch
NPS lets you change your Pension Fund Manager once a year at no cost, so comparing today can directly improve where tomorrow’s money sits.
AUM under each Pension Fund Manager
How the total NPS corpus is split across the ten Pension Fund Managers. A larger share reflects the assets subscribers have entrusted to that PFM — hover any fund to isolate its slice.
Source: PFRDA Pension Bulletin (Table 4), Pension-fund-wise AUM as on 31 March 2026. Figures in ₹ crore; APY Fund Scheme not included.
How to judge a Pension Fund Manager
No single figure tells the whole story. Weigh these together when you compare funds.
Favour the long run
Lean on 5- and 10-year returns that span full market cycles; a single strong or weak year rarely repeats.
Prize consistency
Rolling returns show how steady a fund has been across every holding period — dependable beats a one-off spike.
Compare like-for-like
Judge PFMs only within the same scheme (E, C or G) and the same Tier and variant, so every comparison is on equal terms.
CAGR returns by Pension Fund
Compare annualised (CAGR) returns across Pension Funds for a chosen scheme, sector and period. Use the Pension Funds dropdown to focus on individual PFMs or view them all. Bars are ranked highest to lowest.
Returns are annualized (CAGR); the 1-year figure is the absolute 1-year return. Compiled from Pension Fund factsheet NAVs. Returns are market-linked, vary by Pension Fund and period, and past performance does not guarantee future results.
Rolling returns
Rolling returns average a fund’s return over every holding period of the chosen length — a simple read of how consistent it has been. Longer bars mean higher average returns; funds are ranked best to worst and the leader is highlighted in gold.
Each value is the average of the fund’s annualised return across every rolling window of that length in its history. Funds without enough history for the chosen window are not shown. Source: NPS scheme NAV history; past performance does not guarantee future results.