Mumbai, May 13 -- Employees of some public sector banks are unable to maximise returns on their retirement fund contributions as they have no choice but to park these savings with SBI Pension Funds Pvt. Ltd.

However, SBI Pension Funds has delivered the least returns among the 11 pension fund managers under the National Pension System (NPS), a government-sponsored, market-linked retirement savings scheme, across time periods.

The fund registered a compound annual growth rate (CAGR) of 2.09%, 13.34%, 19.78%, and 11.88% over the past 1, 3, 5, and 10 years, respectively (as of 9 May).

In comparison, DSP Pension Fund Managers Pvt. Ltd delivered the highest returns of 19.28% for the one-year period, followed by Kotak Mahindra Pension Fund Lt...