Postmen to sell mutual funds in India
A new and effective initiative is being started to promote mutual fund investment in the country. Now the postal department i.e. post office will also become a means of selling mutual funds. The Association of Mutual Funds in India (AMFI) and India Post have made a big agreement for this. The purpose of this step is to bring investment to the common people, especially those who have been away from it till now.
Agreement for three years
The agreement between the Department of Posts and AMFI has come into force from 22 August 2025 and will run till 21 August 2028. It can also be carried forward. Under this, India Post will now sell the mutual fund products and help people in the investment process. The most benefit from this scheme will be those who live in small cities and villages, where the reach of mutual funds has been limited till now.
The government believes that the post office is an institution that people have faith and whose presence is in every corner of the country. The benefit of this trust and access will now be taken up in increasing financial literacy and investment.
Mutual fund distributors will become one lakh postman
Under this scheme, about one lakh postmen and Gramin Dak Sevaks will be trained as mutual fund distributors. That is, now the same postman who used to deliver letters and money, will also give information about investment in mutual funds and will help in the process. This step will not only give a new role to the postal staff, but will also take financial services from door to door.
Training will start in four states in the first phase
AMFI’s CEO Venkat N Chalsani said that this initiative will be started from four states – Bihar, Odisha, Andhra Pradesh and Meghalaya. Here, college students and youth will also be trained to become mutual fund distributors. The target is to prepare about 20,000 new distributors in the first year. Every year around 30,000 new distributors fall into the mutual fund industry, but the sustainable number is around 10,000. To overcome this deficiency, now the rural and the town are being focused on India.
SIP increased number of investors
The number of people investing in mutual funds through SIP ie Systematic Investment Plan has increased rapidly in the last few years. But still large parts of India, especially in rural and small cities, are unaware of mutual funds or are unable to invest in them. Now this facility will reach their door through the post office. People will now not only be able to go to their nearest post office and get information, but will also be able to invest. This will give millions of people who were deprived of financial planning till now.