Kolkata, July 28 -- Enhanced transparency and investor protection regulations have significantly boosted investors' confidence in mutual funds as a viable retirement vehicle, ICRA Analytics said on Monday.

The Assets Under Management (AUM) of Retirement Mutual Funds has grown by 226.25 per cent over the last five years, reaching Rs 31,973 crore in June 2025-up from Rs 9,800 crore in June 2020.

The surge is attributed to growing awareness about the importance of financial planning, the need to build a retirement corpus, increasing life expectancy, and rising healthcare costs. These factors are prompting India's aging population to increasingly opt for retirement-focused investment products, including mutual funds.

A retirement mutual fund...