New Delhi, Aug. 20 -- Over 2.5 lakh postmen to be trained as mutual fund distributors by undergoing special training programmes and giving NISM (National Institute of Securities Market) exam, reported Business Line.

The Association of Mutual Funds in India (AMFI) has adopted a multi-pronged approach to enhance the count of mutual fund (MF) distributors and improve financial literacy in smaller cities.

The industry body plans to tie up with the Department of Posts to convert postmen to MF distributors, especially in smaller towns.

AMFI has started adopting four States - Meghalaya, Bihar, Odisha, and Andhra Pradesh - to spread financial literacy in colleges and schools. It plans to join hands with leading institutes in the states that wo...