In a major step to expand retail investment access, the Department of Posts (DoP), under the Ministry of Communications, and the Association of Mutual Funds in India (AMFI) have signed a Memorandum of Understanding (MoU) to distribute mutual funds through 1.64 lakh post offices across the country.
The MoU was signed at AMFI’s 30th Foundation Day in Mumbai by Manisha Bansal Badal, General Manager (Business Development), DoP, and V N Chalasani, Chief Executive, AMFI, in the presence of SEBI Chairman Tuhin Kanta Pandey.
Expanding Access to Investments
With its vast postal network, India Post will act as a distributor of mutual funds, enabling wider outreach in rural and semi-urban areas where penetration remains low.
Under this initiative:
- Postal staff will serve as mutual fund distributors.
- They will assist customers with investments, queries, and guidance.
- The move aims to deepen financial inclusion and bring first-time investors into formal capital markets.
Validity and Investor Safeguards
The agreement will remain valid until August 21, 2028, with provisions for renewal. It also incorporates safeguards to protect investor data and ensure smooth service delivery.
By leveraging the trusted presence of India Post, AMFI aims to simplify the investment journey for retail investors, especially in underserved regions.
Recent KYC Tie-Up
This development follows another MoU signed in July 2025 between DoP and AMFI to simplify the Know Your Customer (KYC) process. That agreement enabled individuals to complete KYC formalities at post offices, where staff help with form filling, verification, and document submission to mutual fund houses.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.