DoP makes mutual funds investments handy

Port Blair, Jul 19: India Post's is reaping rich benefits in Andaman and Nicobar islands by making investments in mutual funds easy and accessible.

''The department's first effort during the New Fund Offer (NFO) of UTI-Long Term Advantage Fund in Feb-March, 07 has yielded aggregate investment of Rs 16.69 lakhs only in Port Blair,'' India Post (Andaman unit) Director Madhumita Das said here today.

Ms Das said the value of investments made in Feb-March this year had already increased by 12 per cent.

This time during the ongoing NFO of the UTI-India Lifestyle Fund the availability the service had been extended to cover all Post Offices of the island to take investment options to the people's doorstep, she said.

''Investments are pouring in from even the remotest villages and people from farmer to businessmen all are investing,'' the Director added.

India Post&UTI-MF's innovative offer to providing PAN cards free of cost to investors during the NFO period, which closes on July 25, have had a phenomenal acceptance from the people.

UNI