Retirement mutual funds AMC jumps 256% to Rs 29,903 cr in 5 years

Q: How long will it take to read this news story?

The story "Retirement mutual funds AMC jumps 256% to Rs 29,903 cr in 5 years" has 330 words across 11 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Retirement mutual funds AMC jumps 256% to Rs 29,903 cr in 5 years" was covered 7 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 340 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22366662</li><li>URL: https://beamstart.com/news/retirement-mutual-funds-amc-jumps-17254564813562</li></ul>

Business Standard Logo Business Standard 7h ago

Retirement mutual funds AMC jumps 256% to Rs 29,903 cr in 5 years - Business Standard

Quick Summary:

ICRA said the growing awareness has led to a surge in the number of folios, which has increased by 17.44 per cent in the last five years to 29.36 lakh in July 2024, up from 25 lakh in July 2019.

"Assets under Management (AUM) of these funds have grown by over 256 per cent in the last five years, reaching Rs 29,903 crore in July 2024, compared to Rs 8395 crore in July 2019," it said.

Rising awareness of financial planning has fueled a 256 per cent increase in retirement mutual fund AUM in the last five years, according to a report.