Children’s mutual fund AUM surge 142% in last 5 years to Rs 20,081 crore in May: ICRA Analytics

The AUM of children’s mutual funds surged by 142% in the last five years to reach Rs 20,081.35 crore in May. This growth is attributed to the disciplined savings habit enforced by the 5-year lock-in period, which encourages long-term investments for children's education.
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