Investing in mutual funds will no longer be limited only to big cities. People living in villages and small towns will soon get easy access to mutual fund investment options.
To make this possible, the country’s oldest stock exchange, the Bombay Stock Exchange (BSE), has signed an agreement with the Government of India’s Postal Department.
Under this agreement, people will be able to invest in mutual funds directly through post offices. Preparations for starting this facility have already begun in Noida and nearby areas.
Contents
Post Offices to Offer Mutual Fund Investment Facility
So far, lack of awareness and difficulty in access were the biggest reasons why people in rural areas could not invest in mutual funds. Many villagers did not have nearby banks or financial advisors to guide them.
With the involvement of India Post, this problem will now be solved. India Post has a wide network that reaches even the most remote villages.
From the beginning of the new year, rural residents will be able to invest in mutual funds by visiting their nearest post office. The entire process will be safe, transparent, and easy to understand for common people.
Training in December, Awareness Campaign in January
Manoj Kumar, Senior Post Master of the Main Post Office, said that selected employees and agents from Noida post offices will be trained in mutual fund distribution in the last week of December.
This training will help them understand how mutual funds work and how to guide investors correctly.
After completing the training, these employees and agents will receive certification. This will ensure that investors get correct information and reliable service.
In January, a large awareness campaign will be launched in villages and towns to educate people about mutual funds and encourage them to become investors.
BSE’s Platform to Support the Initiative
This partnership will use BSE’s Star MF platform, which is the largest online mutual fund distribution platform in the country.
The platform handles millions of transactions every month and makes the investment process simple and efficient.
With the help of this platform, post offices will be able to offer smooth and fast mutual fund services to customers, even in rural areas.
A Big Step Towards Financial Inclusion
This initiative will help ensure that mutual fund investment reaches every village in the country. Post offices are already trusted institutions for people, especially in rural areas.
By offering mutual fund services, post offices will play an important role in improving financial literacy and inclusion.
This step will give rural investors a chance to grow their savings and move towards a more secure and better financial future.