UTI Mutual Fund and Srei Sahaj e-Village join hands for a“micro-pension initiative
UTI Mutual Fund (UTI MF) entered into an arrangement with Srei Sahaj e-Village to provide village level entrepreneurs as well as other similar category of eligible investors associated with the latter an investment opportunity through a micro-pension initiative under UTI-Retirement Benefit Pension Fund. The micro-pension initiative facilitated by UTI MF and Srei Sahaj aims to provide social security cover to the investors associated with Srei Sahaj during their old age. Under the initiative, the investors will contribute a minimum amount of Rs 200 every month towards UTI-Retirement Benefit Pension Fund which will enable them to receive pension in the form of periodical income when they become 58 years old. As of now, Srei Sahaj is spread across six states viz. Assam, Bihar, Orissa, Tamil Nadu, Uttar Pradesh and West Bengal. Disclosing this to mediapersons at a meeting held in Kolkata, UTI Asset Management Co. group president and chief marketing officer Jaideep