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Nippon India Mutual Fund has signed a Memorandum of Understanding (MoU) with the Department of Posts (DoP) to provide door-to-door KYC verification services to investors, said a press release issued by PIB.
The initiative aims to simplify the onboarding process of mutual fund investors, particularly benefiting those in remote areas and senior citizens who may face mobility challenges.
The PIB press release said, “By offering door-to-door KYC services, India Post is providing easy access to financial products for individuals who may otherwise face barriers due to mobility issues or lack of access to financial institutions. This initiative ensures that a broader segment of the population, including those in rural and underserved areas, can participate in the growing mutual fund market, thus empowering them to make informed investment decisions and secure their financial future.”
The MoU was signed between Manisha Bansal Badal, General Manager, Business Development Directorate, Department of Posts, and Sundeep Sikka, Executive Director & CEO, Nippon Life India AMC.
