Indian MF industry begins a big new push with four states as testing grounds

The Association of Mutual Funds of India plans to expand its investor base in a major way. With this end in view, it will train one lakh postmen as mutual fund distributors with India Post. The initial focus is on Bihar, Andhra Pradesh, Odisha and Meghalaya. The goal is to have at least ten distributors per district. Amfi aims to partner with academic institutions for training programs.