Axis Mutual Fund Partners With NISM to Promote Financial Literacy

Axis Asset Management Company Ltd. (an investment manager for Axis Mutual Fund) signs MoU with National Institute of Securities Markets (NISM), 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 VIII, IX & X) to promote the habit of savings, budgeting, financial planning and investing amongst the school students and plans to reach around 150+ schools with over 25000+ students in next one year.            

This MoU envisages conducting the 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 AMFI covering 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.

Karan Datta, Chief Business Officer, Axis Mutual Fund said,” We at 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”.