The Indian Association of Mutual Funds (AMFI) has urged the government to provide tax benefits for pension-focused mutual funds as a part of the upcoming budget for Financial Year 2025. Currently, pension funds receive tax benefits only under the National Pension System (NPS), which has a lower threshold and limited reach. The move is aimed at promoting a wider adoption of pension-focused mutual funds and providing more options for retirement planning to Indian citizens. This development comes in the wake of growing calls for increasing the retirement age in India, as highlighted by the recent protests by EPS-95 pensioners in Delhi and the controversial retirement age hike in China.