Explore Business Standard
Mutual fund industry body AMFI on Friday signed a pact with the Department of Posts to train one lakh postmen across India, enabling them to distribute mutual funds in remote areas. A memorandum of understanding in this regard was signed between AMFI and the postal department at an event here to mark AMFI's 30th foundation day. On this occasion, AMFI also announced a host of other initiatives to deepen financial literacy and expand reach of mutual fund products across the country. These measures include 'Nivesh Ka Sahi Kadam' an engaging multi-lingual content in 13+ regional languages, distributed through various channels including 30 on-ground investor camps across the country as well as 'Bharat Nivesh Rail Yatra' -- a first-of-its-kind initiative to bring investor education onboard Vande Bharat trains, making financial literacy accessible on the move. The event was attended by Sebi (Securities and Exchange Board of India) chief Tuhin Kanta Pandey, Sebi Whole-Time Member Amarjeet