A pension fund is a sum of money accumulated in a savings plan during your working life by contribution from either just you or from both you and your employer. This is released post your retirement to ensure steady flow of income A pension fund is a sum of money that is kept aside by your employer/company to pay you after your retirement.

Example:
For example – EPF, PPF, NPS accounts are forms of pension funds and suitable for regular salaried employees. If you are not a regular salaried employee then government of India released various pension products such as PMSYM Yojana, with a guaranteed income of 3000 per month given that an individual between 18-40 years invests any amount between 200-2400/ month in the scheme