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MFDs have been creating a big difference in the lives of many investors. They not only help people achieve their financial goals and attain financial freedom but also motivate them to make wise money decisions to lead a stress-free life.
Recognising this, the finance ministry and the government of Nagaland honoured Guwahati MFD Rajesh Sarawgi as a State Guest and invited him to attend a close door meet held a few months back in Kohima. Rajesh has been doing exceptional work in the north east region.
Close to 30 influential personalities including the Union Finance Minister Nirmala Sitharaman, the Chief Minister of Nagaland Neiphiu Rio, the former state governor Prof. Jagdish Mukhi and the Finance Secretary were present in this meeting.
Rajesh told Cafemutual that he was touched by the hospitality of the government of Nagaland. “One day, I got a call from the Ministry of Finance about attending a meet at Nagaland. I first thought someone is doing prank. However, I got serious the next day when I received call from the government of Nagaland. Over the last few days, I received numerous calls to confirm my presence at the meet as a State Guest. The government appointed a personal assistant who took care of me. I am very happy and thankful to the government of Nagaland for this honour.”
In this meeting, Rajesh requested the union Finance Minister to simplify the KYC norms. He apprised the minister about the difficulty that MFDs face with KYC. He said that bank KYC should be made sufficient to invest in mutual funds. He said that the Finance Minister noted his request on her own and assured him that she will look into the matter.
Incidentally, in May 2023, the Finance Ministry held a meeting of the Financial Stability and Development Council (FSDC) in which it has asked SEBI, RBI, PFRDA and IRDAI to simplify and streamline KYC framework.
