Jagran Correspondent, Noida. Investing in mutual funds will no longer be limited to big cities. People living in villages and small towns will also get easy access to mutual fund investments.
For this, an agreement has been signed between the country’s oldest stock exchange, the Bombay Stock Exchange (BSE), and the Government of India’s Postal Department.
Under this agreement, mutual fund investment facilities will be made available through post offices. Preparations for this initiative have already started in Noida and nearby areas.
Investment Through Post Offices
So far, lack of awareness and convenience has been the biggest hurdle for mutual fund investments in rural areas. This problem will now be addressed through India Post’s wide network.
From the new year, people in rural areas will be able to invest in mutual funds through their nearest post office. The entire process will be safe and transparent.
Training and Awareness Campaign
According to Manoj Kumar, Senior Post Master of the Main Post Office, selected employees and agents of Noida post offices will receive training in mutual fund distribution in the last week of December.
After training, they will be certified to provide correct information and services to investors.
Following this, a large-scale awareness campaign will be launched in villages and towns in January to inform people and register villagers as mutual fund investors.
Support from BSE Platform
This initiative will use BSE’s Star MF platform, which is the country’s largest online mutual fund distribution system. The platform handles millions of transactions every month and makes the investment process simple and efficient.
Boost to Financial Inclusion
This step will help bring mutual fund investment facilities to every village. Since post offices are widely trusted by people, this move will strengthen financial inclusion and give rural investors a chance to build a better financial future.
