New Delhi, Jan. 26 -- India and Indonesia's mutual funds industry have signed an MoU to enhance bilateral financial and economic best practices through cooperation.

A delegation of 12 top CEOs from Indonesia's mutual fund industry accompanied the Indonesian President on his state visit to India. The MoU was signed on Saturday evening in the presence of India's G20 Sherpa and Former CEO of Niti Ayog, Amitabh Kant.

As per the scope of the MoU, this partnership is set to strengthen the mutual fund sectors in both countries, enrich industry standards, and promote investor education and financial literacy, paving the way for a more dynamic, transparent, and globally integrated mutual fund ecosystem.

The MoU will create a platform for India ...