Pension fund managers perform a similar role as mutual fund managers, and they collect a small fee for the same. Following are the functions of pension fund managers. 1. Accepting funds from investors to invest as per the investor’s requirements. 2. Investing the funds collected as per the guidelines of Authority and Investment Policy. 3. Construction of the fund and periodical review of the investments to ensure it is meeting the norms and investment objective. 4. Maintain proper books of accounts for the schemes managed