I would give a response based on the limited information given in the question.
To set the context, 'pension' can mean different things to different people. The most popular meaning in India comes from the erstwhile government pensions - a sum given every month to retired employees, and it is adjusted every year. This 'inflation adjusted pension' is not available from any source in India - even the government employees after 2004 don't get this kind of pension.
Mutual funds are market instruments and don't really provide a pension of any kind. You can withdraw as needed from your investments.
Life insurance companies in India provide pension products where they take a corpus and provide periodic pensions.
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Sachin Shah is a 30 year old Senior Software Engineer, working at an IT services company in Bengaluru. He and his wife want to plan for their retirement and also want to save for their child's education, wedding and for buying a car.View Case Study