BSE StAR MF signs MoU with Godavari Urban Multi State Credit Co-Op Society Ltd., Nanded
Aims to deepen Rural Engagement for Greater Financial Inclusion
cityairnews
Jun 4, 2021 02:29
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Mumbai: BSE StAR MF, India's largest and leading Mutual Funds Distributor platform has signed a Memorandum of Understanding (MoU) with Godavari Urban Multi State Credit Co-Op Society Ltd., Nanded (GUMCCSL) to deepen its network of over 70,000 registered distributors. Established in 2013, GUMCCSL is an autonomous association of people united voluntarily to meet their mutually social, economical, cultural, professional and personal aspirations.
Initially a venture of middle class; presently GUMCCSL covers a Lion’s share in almost Maharashtra, Telangana, Andhra Pradesh, Karnataka and a modest of Gujarat; fulfilling the dreams of extensive public. Through this MoU, BSE StAR MF aims to promote investment behavior by spreading awareness and onboarding new investors among prospective customers in areas, primarily rural, served by GUMCCSL.
Shri Sameer Patil, CBO of BSE said “We are confident that via this MoU, Godavari Urban Multi State Credit Co-Op Society Ltd. would strive to leverage its reach and capacity for delivery of a wider range of financial products such as mutual funds and so on. This partnership with BSE StAR MF will ensure that customers will be on boarded through an easy and hassle-free digital process and the efforts are aligned towards a less-paper ecosystem.”
The MoU aims to facilitate cooperation between BSE StAR MF and rural markets in areas such as financial inclusion, investment goals, and wealth creation. The MoU will enable both parties to instill collaboration with meaningful outcomes. Financial Inclusion plays a crucial role to increase the awareness about the concept of mutual fund in urban, semi urban and rural areas.
