This initiative aims to
provide social security cover to the investors associated with Srei Sahaj
during their old age
Mumbai: UTI Mutual Fund has announced an alliance
with Srei Sahaj e-Village Ltd for a “Micro Pension
Initiative” under UTI-Retirement Benefit Pension
Fund in six states - Assam, Bihar, Orissa,
Tamilnadu, Uttar Pradesh and West Bengal.
Micro-Pension initiative aims to provide social security cover to the investors associated with Srei Sahaj during their old age. Under this initiative, an investor is supposed to contribute a minimum amount of Rs.200/- every month towards UTI-Retirement Benefit Pension Fund to enable him/her to receive pension in the form of periodical income after he/she reaches the age of 58 years.
According to Jaideep Bhattacharya, Chief Marketing Officer, UTI Mutual Fund, “the Micro-Pension initiative will help in inculcating the habit of regular savings among members, which will help them in planning for their future and will also enable them to share the benefits of growth of the Indian economy.”
