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Reliance Nippon MF builds office for distributors

Fund house plans to offer 10 such spaces by June

Reliance Nippon MF builds office for distributors
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Chandan Kishore Kant Mumbai
At a time when India’s burgeoning mutual fund sector has re-conquered its lost distributor base in recent years, the industry is trying various measures to hand-hold foot soldiers to further the penetration of mutual funds.

WIth client acquisition costs on the rise and providing services to clients being the priority, various digital and technology upgrades from several fund houses to assist distributors have gained momentum in recent times. Amid this, Reliance Nippon Life Mutual Fund, the country's third largest fund house, is providing office space for distributors.

Last month, the fund house began offering distributors office space as part of a pilot