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| Name of the scheme | 1-year back | Invest now | Fund category | expense ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest now | Equity: Big Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest now | Equity: Big Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest now | Equity: Big Cap | 0.25% |
| Axis Nifty 500 Index Fund | , | Invest now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest now | Equity: Mid Cap | 0.28% |
This information was shared in Parliament by Minister of State for Labor and Employment Shoba Karandalaje.
Status of high pension applications
A total of 17.48 lakh applications demanding high pension benefits were submitted by EPFO members under the Pension Scheme (EPS -95) of the employees.
As of January 28, 2025, EPFO has issued demand notices in 1,65,621 cases and processed 21,885 PPOs.
The government is monitoring pending matters and has provided clarification to EPFO field offices to speed up processing.
Applications are being handled after the Supreme Court’s decision on November 4, 2022.
Online facility for high pension
EPFO developed an online feature to process applications for high pension benefits. The forum allowed members, pensioners and employers to submit their joint options online.
Facility launched on 26 February 2023, expanded several times along the time limit:
- July 11, 2023 – Early deadline for members applications.
- September 30, 2023 – Time limit for employers to pursue joint applications.
- May 31, 2024 – Another expansion for employers.
- January 31, 2025 – Last deadline to submit applications to employers.
What is high pension option?
The EPS-95 provides social security to the employees of the organized sector. Employers contribute 8.33% wages for EPS, cap at 15,000 per month.
With the new decision, employees may opt for contributing to their actual basic salary, which can increase their pension benefits.
How does EPS-95 work?
The EPS-95 operates on a defined contribution-defined profit model. Contribution includes:
8.33% wages from employers.
1.16% wages from the central government (₹ 15,000/month shared).
The fund undergoes annual evaluation to ensure stability. Employees are eligible for pension at the age of 58.
(Tagstotransite) EPFO (T) EPFO Update (T) High Pension (T) EPS High Pension (T) EPF High Pension (T) Pension
