India, July 17 -- The Government of India issued the following news release:
The Department of Posts (DoP), under the Ministry of Communications, Government of India, and the Association of Mutual Funds in India (AMFI) have hit a historic milestone by signing a pathbreaking Memorandum of Understanding (MoU) on July 17, 2025, in Mumbai to streamline KYC (Know Your Customer) verification for approximately 24.13 crore mutual fund folios, including 19.04 crore in Equity, Hybrid, and Solution-Oriented Schemes, as per AMFI data for June 30, 2025. The MoU was signed by Ms. Manisha Bansal Badal, GM, (Business Development) on behalf of Department of Posts and Mr. V. N. Chalasani, Chief Executive, AMFI.
Ms. Manisha Bansal Badal, General Manager (Bu...