News From Press Retirement mutual funds' AUM jump 24.46% during April 2019–January 2020

Retirement mutual funds' AUM jump 24.46% during April 2019–January 2020

Mutual fund SIP contribution by retail investors reached an all-time high of Rs 8,532 crore, and also the total Mutual Fund AAUMs recording an all-time high of Rs 28.18 lakh crore.

ET Feb 21, 2020

Investors are warming up to retirement plans managed by mutual funds schemes. The Assets under Management (AUM) of the Retirement solution-oriented mutual fund schemes has witnessed 24.46% jump to Rs 10,425.28 crore as on January 31, 2020, compared to Rs 8,376.19 crore as on April 30, 2019, shows AMFI data.

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