SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • MF News ITI MF and MFD association assist a deceased MF employee family with Rs.16 lakh

    ITI MF and MFD association assist a deceased MF employee family with Rs.16 lakh

    Employees of ITI MF and MFD association of Bhopal and Indore collect Rs.16 lakh for the family through separate fundraisers.
    Team Cafemutual Oct 12, 2021

    ITI Mutual Fund employees and MFD associations in Bhopal and Indore have extended financial support to the family of a deceased ITI MF employee Sandeep Tripathi. They have handed over Rs.16 lakh to the family.

    Bhopal-based Mutual Fund Distributor Association (MFDA) spearheaded an initiative to arrange financial support for the family.

    Tripathi was manager of ITI MF's Bhopal branch. The 38-year succumbed to Covid in May 2021. He is survived by his wife and two children — 10-year-old daughter and 18-month-old son, informed MFDA president Harish Krishnani.

    ITI MF employees conducted an internal fundraiser and were able to donate Rs 10 lakh to the family. Through similar fundraisers, Bhopal's MFDA arranged Rs 5 lakh and Indore's Insurance and Investment Advisor’s Association (IIAA) collected Rs 1 lakh for the family.

    “He was a part of our mutual fund family for six years. We did whatever we could to help his family during these tough times,” Krishnani said.

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    3 Comments
    subhash sharma · 3 years ago `
    wt if any distributer die
    Narayanan P S · 3 years ago `
    Wonderful gesture by ITI mf and MFD association in particular. Can we request all stake holders like AMC'S AMFI, EVEN MFD ASSOCIATIONS to have scheme in place for Distributor's/ RIA's as well. will be of great comfort and help.
    Vidyadhar patwardhan · 3 years ago `
    Excellent work by ITI MF staff and Bhopal MFDA
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.
    Cafemutual is an independent media platform and focuses on providing knowledge and information for the benefit of finance professionals. We do not promote any particular brand or asset category.