UTI Mutual Fund today tied up with Srei Sahaj e-village to sell its micro-pension product in the rural regions.
Srei Sahaj e-village is a subsidiary of Srei Infrastructure Finance, which provides e-governance programmes to the Centre and states.
Srei Sahaj e-village has more than 23,000 community service centers across the six states of Assam, Bihar, Orissa, Tamil Nadu, Uttar Pradesh and Bengal.
“This will provide us with a huge distribution network for selling our micro-pension product — the UTI Retirement Benefit Pension Fund.
Rural people associated with Srei Sahaj will now be able to contribute as low as Rs 200 a month in UTI Retirement Benefit Pension plan to get a monthly pension when they attain 58 years,” said Jaideep Bhattacharya, group president and chief marketing officer, UTI Asset Management Company.
At present, only two mutual funds — UTI and Templeton India — are allowed to sell retirement plans.
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