Home / Business and Economy / AMFI and India Post Partner to Train 100,000 Postmen as Mutual Fund Distributors
AMFI and India Post Partner to Train 100,000 Postmen as Mutual Fund Distributors
21 Aug
Summary
- AMFI collaborating with India Post to train 100,000 postmen as mutual fund distributors
- Initiative targets 20,000 new distributors in Bihar, Andhra Pradesh, Odisha, and Meghalaya in first year
- Aims to increase mutual fund penetration in smaller towns and rural areas
As of August 21, 2025, the Association of Mutual Funds in India (AMFI) has announced a significant collaboration with India Post to train nearly 100,000 postmen as mutual fund distributors. This initiative aims to double the investor base by increasing mutual fund penetration in smaller towns and rural areas across the country.
The program will initially focus on four states - Bihar, Andhra Pradesh, Odisha, and Meghalaya - where AMFI plans to train 20,000 new distributors in the first year. The industry body's goal is to have at least 10 distributors in each district of these states by the end of 2025, and 20 distributors per district by 2026.
AMFI Chief Executive Venkat N Chalasani stated that the collaboration with India Post, which has an extensive network of over 1.64 lakh post offices, will be crucial in expanding the reach of mutual funds. Currently, 45% of mutual fund investments come from Tier 2 and Tier 3 cities, while 65% are from Tier 1 cities. The industry aims to further increase penetration in smaller towns and rural areas through this initiative.
The mutual fund industry has seen a significant boom in recent years, with the number of folios jumping from 2.1 crore in 2019 to 5.6 crore as of August 2025. AMFI's goal is to double this investor base in the next few years, leveraging the increased awareness and the vast potential in the country's 80 crore bank accounts.
