News From Press From dependence to independence: Mutual funds as a pillar of retirement planning

From dependence to independence: Mutual funds as a pillar of retirement planning

Source: ET Aug 16, 2024

As India’s life expectancy continues to rise, with averages climbing from 47 years in 1969 to 69 years in 2019, the imperative of sound retirement planning has never been more pronounced. With many Indians retiring between the ages of 55 and 65, a significant portion of our lives is spent in retirement, making financial independence in these years not just desirable, but essential.

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