BSE in pact with Department of Posts to expand mutual fund access
Under the three‑year agreement, selected employees and agents of the Postal dept will be trained as certified MF distributors to offer investor services via BSE’s StAR MF platform
BSE in pact with Department of Posts to expand mutual fund access
The Bombay Stock Exchange (BSE) on Friday signed a memorandum of understanding (MoU) with the Department of Posts to enable distribution of mutual fund products through India Post’s extensive postal network.
Under the three‑year agreement, selected employees and agents of the Department of Posts will be trained and onboarded as certified mutual fund distributors to offer products and investor services via the BSE’s StAR Mutual Fund platform, the statement said.
The StAR MF platform handles more than 85 per cent of exchange‑based mutual fund transactions and records over 7 crore transactions monthly — to extend investor access into rural and semi‑urban areas.
The Department of Posts, with over 1.64 lakh post offices across the country, can enable last-mile access, investor education, and trust-driven mutual fund distribution nationwide.
This strategic partnership aims to deepen financial inclusion by leveraging India Post’s physical reach, particularly in rural and semi-urban areas, and BSE’s StAR MF platform, India’s largest online mutual fund distribution ecosystem, the statement said.
