The Association of Mutual Funds in India (Amphie) announced three new initiatives on Friday, aiming to expand the investor Aadhaar of Mutual Fund. These initiatives include presenting mutual funds in small or more affordable units, Tarun Yojana and MITRA (Mutual Fund Investment Tracing and Retival Assistant).
Under the scheme of introducing small and more affordable units, fund houses will initially present a systematic investment plan of Rs 250. This initiative has been taken to make access to investment much easier, especially for those who become investors for the first time and for those who have not reached such services. Earlier last month, the market regulator issued a counseling paper, in which the ways of investing the entry barrier for investors were discovered.
The students of the school will give financial literacy training to the teachers and students of the school targeted Tarun Yojana. The students who perform well will get Rs 2,400 in their mutual fundsIP account (which will be decided by their exhibition in Amphie examination). In the practical phase, the association plans to reach 5,000 students and 20 leading students will get Rs 100-100 every month in their SIP account for two years. Students will be able to redeem this amount after the last installment of SIP.
“Financial literacy will be integrated into the school’s Karikulam under the Tarun Yojana, which will be equipped with the basic things of investment principles,” Aimfi said. The MITRA will allow the friend platform investors and their legal heirs to identify and recover the mutual fund holding through the central platform of the mutual funds.
First Published – February 21, 2025 | 10:36 pm IST
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