• Accelerated growth reflects expanding distribution, rising NPS adoption and growing customer trust
  • Launched the Tatkal Onboarding Journey that allows investors to open an NPS account in approximately 15-20 seconds

India: Axis Pension Fund, the pension fund management arm of Axis Asset Management Company Limited (Axis AMC) and a step-down subsidiary of Axis Bank Limited, has crossed ₹20,000 crore in Assets Under Management (AUM), marking a significant milestone in its growth journey and reinforcing its position among the fastest-growing players in India’s non-government pension segment.

The milestone comes on the back of strong momentum in the business, with Axis Pension Fund adding its latest ₹10,000 crore in AUM in just 15 months (from June 2025 to Aug 2026). The accelerated growth reflects the increasing trust among subscribers and partners, expanding distribution reach and growing adoption of NPS as a long-term retirement planning solution.

The growth has been supported by a strong focus on building a broad-based NPS franchise through Axis Bank’s distribution network. The business has continued to expand its reach and strengthen engagement across retail, affluent, corporate, government and institutional segments, while strengthening execution across customer segments and product categories. This diversified approach has enabled Axis Pension Fund to build a sustainable presence across the pension ecosystem.

Commenting on the milestone, Mr. Sumit Shukla, Managing Director & CEO, Axis Pension Fund, said, “Crossing ₹20,000 crore in AUM is an important milestone for Axis Pension Fund and, more importantly, reflects the trust that our subscribers and partners continue to place in us. The increase in AUM demonstrates the momentum we are seeing in the business and the growing acceptance of NPS as a retirement solution. As we scale further, our focus will remain on making pension solutions simpler and more accessible, while maintaining the highest standards of compliance, prudent investment management and customer security.”

India’s pension industry is expanding in an accelerated manner, supported by increasing awareness around retirement planning, deeper customer penetration and greater accessibility of pension products. Axis Pension Fund is focused on leveraging this opportunity along with technology and customer-centric initiatives to expand NPS adoption.

One such initiative by Axis Pension Funds is the Tatkal onboarding journey, which enables customers to open an NPS account in approximately 15–20 seconds, significantly reducing the turnaround time and making the onboarding process faster and more seamless. The pension fund house is also leveraging initiatives such as MSF (Multiple Scheme Framework), NPS Swasthya and NPS Vatsalya to broaden pension coverage and cater to evolving customer needs across segments.

“As we look ahead, we see significant headroom for growth. Our priority is to combine technology-led customer experiences with strong governance and investment discipline. Ultimately, safeguarding customers’ retirement savings and building long-term trust will remain central to our growth,” Mr. Shukla added.

Axis Pension Fund is among the fastest-growing players in the non-government pension segment, with its accelerated AUM trajectory underscoring the growing momentum behind its business. The company remains focused on expanding access to NPS and helping more Indians build a financially secure retirement through disciplined, long-term investing.