SBI, UTI to manage post office funds
Government appointed PSU mutual funds UTI MF and SBI MF as managers of the corpus lying with postal and rural life insurance entities, a move that could lead to investment of the sum into the booming capital market.The decision to appoint the fund managers for Post Office Life Insurance Fund (POLIF) and Rural Post Office Life Insurance Fund (RPOLIF) was taken by the Union Cabinet at its meeting on Thursday.
