Index Fund Corner
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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large 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% |
Interest rate trend
EPFO raised the interest rate to 8.25% for FY24, the highest in three years. In FY23, it was 8.15%, up from 8.10% in FY22.
The lowest rate in recent history was 8.10% in 2021-22, the lowest since 1977-78, when it stood at 8%.
Over the past decade, interest rates have fluctuated, with the highest being 9.50% in 2010-11. The rate remained at 8.50% from 2019 to 2021, before dropping to 8.10% in 2021-22.
Here is a brief overview of EPF interest rate history:
| Year | EPF Interest Rates |
| 2022 – 2023 | 8.15% |
| 2021 – 2022 | 8.10% |
| 2020 – 2021 | 8.50% |
| 2019 – 2020 | 8.50% |
| 2018 – 2019 | 8.65% |
| 2017 – 2018 | 8.55% |
| 2016 – 2017 | 8.65% |
| 2015 – 2016 | 8.80% |
| 2013 – 2015 | 8.75% |
| 2012 – 2013 | 8.50% |
| 2011 – 2012 | 8.25% |
| 2010 – 2011 | 9.50% |
| 2005 – 2010 | 8.50% |
| 2004 – 2005 | 9.50% (9% Interest + 0.5% Golden Jubilee bonus interest) |
| 2001 – 2004 | 9.50% |
| 2000 – 2001 | 12% (April-June, 2001) and 11% (July 2001 onwards) on the monthly running balance |
| 1989 – 2000 | 12.00% |
| 1988 – 1989 | 11.80% |
| 1987 – 1988 | 11.50% |
| 1986 – 1987 | 11.00% |
| 1985 – 1986 | 10.15% |
| 1984 – 1985 | 9.90% |
| 1983 – 1984 | 9.15% |
| 1982 – 1983 | 8.75% |
How EPF interest is finalised
EPFO proposes the interest rate, which the CBT reviews. The finance ministry must approve the decision before notifying beneficiaries.
Once approved, the interest is credited to EPFO subscribers.
How EPF interest is calculated
EPF interest is calculated monthly but credited at the end of the financial year.
Accounts with no contributions for 36 months become dormant and do not earn interest.
What’s next?
The final announcement depends on the finance ministry’s approval after the CBT meeting. If confirmed at 8.25%, the rate will remain unchanged from the previous year.
