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| UTI Mutual Fund, NISM launch a new training programme for Financial Advisors |
| Announcement / Markets Aug 19, 2009, 21:00 IST |
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UTI Mutual Fund alongwith National Institute of Securities Markets (NISM) has today launched a training programme called “Building an Investment Advisory Business” for its Financial Advisors. The programme was inaugurated by Prof. Sethu, Officer on Special Duty in-charge, NISM and Mr Jaideep Bhattacharya, Chief Marketing Officer, UTI AMC.
The objective of the programme is to help in the transition of financial advisors from distribution to advisory. The programme will enhance the role of financial advisors from only selling mutual fund products to advising investors in choosing the right product to meet their financial goals.
With the advent of the new SEBI regulations on entry load from August 1, 2009, the role of financial advisors has become more advisory in nature rather than just pure distribution. To equip them with special skill sets like financial planning, time management, assessing risk appetite etc., UTI Mutual Fund along with NISM has started this training programme for its financial advisors across the country.
On the occasion Dr Sethu of NISM said, “NISM is happy to work with UTI Mutual Fund to launch this new initiative of capacity building in the mutual fund industry. I hope this move would equip the distribution channel to serve the interest of retail investors effectively”
Mr Jaideep Bhattacharya, Chief Marketing Officer, UTI AMC said, “For the first time in the mutual fund industry, UTI Mutual Fund in association with NISM has launched a new training programme for its distributors which will help them to perform their advisory role more effectively in the changing environment.”
About UTI Mutual Fund
UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.
UTI Mutual Fund has assets under management (average) of Rs.67251.89 crore and investor accounts of over 9.75 million under its 77 domestic schemes (as of July 31, 2009).
About National Institute of Securities Markets
NISM is a public trust established by SEBI. It is an educational institution to spearhead a variety of initiatives in the securities industry. Presently NISM has focused its efforts on financial literacy, certification of market intermediaries, corporate governance, and capacity building in the securities industry. NISM is a not-for-profit organization.
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