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India Post and SBI Funds Management Sign KYC MoU

5 May 20251 min read
BANKING & FINANCEIndia Post and SBIFundsManagement SignKYC MoU5 May 2025safalsetu.com

Why in the news

India Post and SBI Funds Management Limited (SBIFM) signed an MoU in May 2025 so SBI Mutual Fund investors can complete KYC at home.

Key facts

  • Service: doorstep KYC through India Post’s network, from any location.
  • Policy link: Government’s Jan Nivesh programme for financial inclusion.
  • Track record: earlier KYC work for UTI Mutual Fund and SUUTI; over 5 lakh verifications.

About SBI Mutual Fund

ItemDetail
Founded29 June 1987
HeadquartersMumbai
MD and CEONand Kishore
OwnershipSBI and Amundi joint venture

Exam angle

  • Programme: Jan Nivesh; JV partner: Amundi.

Test yourself

1. India Post signed an MoU with which entity for doorstep KYC of mutual fund investors?

The partner was SBIFM.

2. SBI Mutual Fund is a joint venture between SBI and which European asset manager?

Amundi is the joint venture partner.

3. The India Post-SBIFM KYC tie-up supports which Government of India programme?

It backs the Jan Nivesh programme.

This topic is part of Daily Current Affairs 4 & 5 May 2025 (21 topics).

All topics of the dayDay quizMay 2025

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