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Press Release

Axis Mutual FundSignsMemorandum of Understanding (MoU) with NISM to Promote Financial Literacy

Axis Mutual FundSignsMemorandum of Understanding (MoU) with NISM to Promote Financial Literacy

July 23, 2018: Axis Asset Management Company Ltd.(An investment manager for Axis Mutual Fund) is one of the leading Asset Management Company, signs MoU with National Institute of Securities Markets (NISM), a prominent institution for teaching and training in the securities market, to promote financial literacy in the country.

With reference to MoU, NISM has designed a unique ‘Financial Literacy Certification Program & Mutual Fund Investor Awareness Program’ that is targeted at high-school students (studying in Class Vlll, lX& X) to promote the habit of savings, budgeting, financial planning and investing amongst the school students. We plan to reach around 150+schools with over 25000+ students in next one-year.

This MoU envisages conducting a program in schools across the country with a special focus on district adopted for financial literacy by AXIS Mutual Fund under the District Adoption Program (DAP) of AMFIcovering districts like Varanasi, Alleppey, Darjeeling, Hissar and Sambalpur. The list of districts is not exhaustive and the programs can be extended to schools in any district of India on the basis of mutual agreement.

Commenting on this, Mr Karan Datta, Chief Business Officer, Axis Mutual Fund said,” What Axis MF are really thankful to NISM for being associated for such a cause. This initiative with NISM will ensure that students gain their basic understanding and importance of money through savings and Investments. Imparting financial knowledge to such an audience will surely enhance the literacy of these institutions and pave way for wealth creation”.

Prof.K.Sukumaran, Dean, NISM said, “National Institute of Securities Markets (NISM) is joining Axis Mutual Fund, the leading Mutual Fund House in India to take literacy to the school level, thus enlightening the younger generation with basic concepts of prudent money management. The pilot project is being launched in Varanasi and I wish all the best in the novel mission”.

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