Pension Fund Overlap with Mutual Funds in India

Tue, 12 May 2026 00:00:00 +0000

The overlap between pension funds and mutual funds in India arises from several structural connections: shared asset management companies that manage both mutual fund schemes and National Pension System (NPS) pension fund schemes; regulatory frameworks that share common principles despite different regulators; investment universes that are largely identical; and the parallel role both instrument types play in long-term retirement wealth accumulation for Indian households.

Key players in India’s pension landscape

India’s pension ecosystem comprises several distinct institutions:

NPS on Coin (Zerodha)

Mon, 11 May 2026 00:00:00 +0000

Zerodha’s Coin platform provides access to the National Pension System (NPS), a government-sponsored defined-contribution pension scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). NPS allows Indian citizens between 18 and 70 years of age to build a retirement corpus through regular contributions to market-linked pension funds. Contributions qualify for tax deductions under Sections 80CCD(1), 80CCD(1B), and 80CCD(2) of the Income Tax Act, 1961.

Zerodha acts as a Point of Presence (PoP) registered with PFRDA, enabling it to onboard new NPS subscribers and accept contributions through the Coin interface.

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Pension Fund Overlap with Mutual Funds in India

Key players in India’s pension landscape

NPS on Coin (Zerodha)