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Knowledge centre for MBA students. |
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UTI Mutual Fund ties up with
Department of Posts September 2004 The Department of Posts (DOP)
joined hands with the Unit Trust of India (UTI) in distributing various Mutual
Fund Schemes of UTI through its 50 post offices located across the country.
To begin with, the DOP has launched five schemes of UTI namely UTI
Mastershare Unit Scheme, UTI Unit Linked Insurance Plan, UIT Children’s
career Plan, UTI Mahila Unit Scheme and UTI Variable Investment Scheme. A Memorandum of Agreement to
this effect was signed between India Post and UTI Mutual Fund by Shri Vijay
Bhushan, Secretary, Department of Posts and Shri M. Damodaran, CMD UTI, in
the presence of Union Minister of Finance, Shri P. Chidambaram and Minister
of Communications & Information Technology, Shri Dayanidhi Maran at a
function held here today. Speaking on the occasion,
Shri Dayanidhi Maran said that the Department of Posts could effectively
handle the mutual fund matters through out the country with the strength of
its unique position to provide financial retail network. He further said that
the present network of 50 post offices would be expanded in due course of
time, wherever it is felt commercially viable. The Union Finance Minister
Shri Chidambaram emphasised the need to adopt innovative practices and new
ways so as to serve the people of the country better. He said that the
Department of Posts is one of the oldest organisation in the country and it
has unparalleled reach, range and ability to deliver the goods to the average
common citizen in any part of the country. Such ability is matched by only
few organisations/departments of the Government of India. With the signing of
the present Agreement, the average common citizen will get better services,
he hoped. The five schemes of UTI will be
introduced in selective post offices spreading over in 17 Postal Circles of
Andhra Pradesh, Bihar, Chhatisagarh, Delhi, Gujarat, Himachal Pradesh,
Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan,
Tamil Nadu, Uttar Pradesh, Uttaranchal and West Bengal. |
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