There are several reasons why we need target date funds in India: 1. Indian investors do not invest enough for retirement. More than half of Indian households depend on their children as their retirement fund due to complexity and an excessive number of choices, e.g. there are 10,000+ mutual funds, that make investment planning and management difficult. 2. Indian investors do not invest with a plan. The post-COVID-19 bull run has attracted most of the current mutual fund AuM. However, the average asset per folio is higher in the older folios, which means that the investors who have the conviction to hold into equity are the ones who have built up a substantial corpus