Department of Posts (DoP) and National Stock Exchange of India (NSE) partner to expand mutual fund access

Key facts

• The Department of Posts (DoP) and the National Stock Exchange of India (NSE) have signed a pact to expand mutual fund access through the NSE MF Invest platform.
• The partnership leverages the network of over 1.64 lakh post offices and the zero-cost NSE MF Invest platform to provide mutual fund products.
• The initiative will be rolled out in a phased manner, with the first phase focusing on Do-It-Yourself (DIY) investments with small, flexible amounts.
• The second phase will expand to the full mutual fund ecosystem, offering access to all open-ended schemes across 55 Asset Management Companies (AMCs).
• The second phase also includes goal-based investing, portfolio analytics, vernacular support, and enhanced advisory services.
• The initiative aims to bridge the gap in mutual fund penetration, which remains low at approximately 10 per cent of Indian households.
• The mutual fund industry in India has recorded Assets Under Management (AUM) surpassing ₹81 lakh crore with strong Systematic Investment Plan (SIP) inflows.