India Post, Sbimf Tie Up For Investments Via Post Offices

India Post and State Bank of India Mutual Fund (SBIMF) today entered into a strategic partnership to enable investors to make their investments in any of SBIMF's schemes through post offices.

"The tie-up is expected to enable investors to conveniently make their investments in any of the SBIMF's schemes, whenever they visit post offices," S Chaddha, chief post master general, Delhi region, said.

Currently, SBIMF offers a range of 10 open-ended schemes, ranging from safe and completely liquid income fund, debt funds and gilt funds to diversified equity funds for investors.

The facility would initially be available at designated India Post centres in Mumbai, Delhi, Bangalore, Chennai and Chandigarh.Investors can seek advice of designated staff in post offices to identify the scheme suitable for their needs across the counter.

 

"The partnership would enable large number of investors to conveniently invest with SBIMF, while India Post will now be able to increase the depth and range of its offerings to customers," Chaddha said.

The alliance comes in the wake of the partnership with IDBI-Principal to market mutual funds few months back.