Daijiworld Media Network – Mangalore (MM/RD)
Mangalore, Nov 20: The awareness on Mutual Funds (MF) has been increasing among the people, in the recent past. It is one of the safest forms of investments, said G Muralidhar Shenoy, executive of Canara Robeco Asset Management Company.
Speaking on mutual funds during the Canara Bank founder's day celebrations and customers’ meet held at their Balmatta branch on Monday November 19 evening, he said that the bank has been educating customers by marketing mutual funds. Meanwhile, at the backdrop of Indian economy getting vibrant, the mutual funds have given maximum benefit to common man, he opined.
MF figures account for Rs 37,000 crore this year. The return from the mutual fund is tax-free and liquidity is the biggest advantage of it, he added.
Muralikrishna, officer of Canara Bank, said that by availing Can Mediclaim policy by the customers, the entire family can gain advantage during sickness or accidents. One can avail cash-free treatment in any hospitals in Mangalore under this policy, he told.
Lynette Pinto, branch manager, offered few tips to the customer to avoid fraud. At the same time, Nandakumar, one of the customers of Canara Bank, was felicitated by the bank for regular in making payment towards his loan.
Entrepreneur A J Shetty inaugurated the function. Kumble Narasimha Prabhu, chairman, Kanara Chamber of Commerce and Industry (KCCI) and local corporator Ranganath Kini were the chief guests of the occasion. Satish J Desai, chief manager of Canara Bank, present on the dais.
M M Kudva, deputy general manager of the bank, presided over the function.
Ravikala Shenoy welcomed the gathering. Sujaya V Rai proposed vote of thanks. K Divakar proposed vote of thanks.