BSE and Department of Posts sign MoU to expand mutual fund access across India

BSE today announced the signing of a Memorandum of Understanding (MoU) with the Department of Posts (DoP), Ministry of Communications, Government of India, to enable distribution of mutual fund products through India Post’s extensive postal network.

BSE StAR MF has been at the centre of the exponential growth seen by the mutual fund industry, by enabling a seamless transaction platform for distributors across the country. The platform accounts for over 85% of the exchange-based transactions in the country and clocking in more than 7 crore transactions on a monthly basis.

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DoP with its more than 1.64 lakh post offices across the country can enable last-mile access, investor education, and trust-driven mutual fund distribution nationwide.

This strategic partnership aims to deepen financial inclusion by leveraging India Post’s physical reach particularly in rural and semi-urban areas, and BSE’s StAR MF platform, India’s largest online mutual fund distribution ecosystem.

The MoU was signed in Delhi by Sundararaman Ramamurthy, MD & CEO – BSE, and Manisha Bansal Badal, General Manager (CCS & RB), Department of Posts, in the presence of key dignitaries and representatives from BSE and DoP.

Under the MoU, selected employees and agents of the Department of Posts will be trained and onboarded as certified mutual fund distributors, enabling them to offer mutual fund products and investor services through BSE’s StAR MF platform. The MoU will be valid for a period of three years from December 12, 2025, with provisions for renewal.

“We extend our sincere gratitude to the Government of India for their vision in reimagining the role of India Post as a catalyst for inclusive growth. This collaboration with the Department of Posts marks a significant milestone in our mission to democratize access to financial products. By combining BSE’s technology-driven distribution platform with India Post’s unparalleled reach, we aim to empower millions of citizens with investment opportunities and financial literacy,” said Sundararaman Ramamurthy, MD & CEO, BSE.

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“This partnership reflects the Department of Posts’ steadfast commitment to advancing financial inclusion and extending services to the remotest parts of the country. It also aligns with BSE’s vision of nurturing a professional, transparent, and investor-friendly mutual fund ecosystem in India. India Post has always been a trusted institution for the common man, offering a wide range of savings and financial services. Our collaboration with BSE will enable us to provide modern investment solutions to our customers, further strengthening our mission of inclusive and sustainable growth,” said Manisha Bansal Badal, GM (CCS & RB), Department of Posts.

This initiative is expected to accelerate mutual fund penetration in Tier-2 and Tier-3 towns, strengthen investor confidence, and contribute to India’s vision of a financially empowered society.