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- Kotak Mutual Fund Will Bear The Full Cost Of Education Till Graduation Of Bhopal’s Daughter Vanisha, Who Lost Her Parents To Corona
Bhopal15 hours ago
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Due to Corona, in the year 2020-21, we have seen many such families who lost their loved ones forever. One of them is Vanisha Pathak, daughter of Bhopal-based mutual fund distributor Late Jitendra Pathak. In the second wave of Corona in May, Vanisha and her brother Vivaan lost both their father Jitendra and mother Seema Pathak forever.
Kotak Mutual Fund will bear the entire expenses of higher education
Despite this odd situation, Vanisha was successful in the CBSE board’s class X examination by securing 99.8% marks. Following this incident, Nilesh Shah, MD and Group President, Kotak Mutual Fund, MP decided that Kotak Mutual Fund would bear the entire expenses of Vanisha’s higher education till she completed her graduation.
AMFI had requested to help
It is worth mentioning that The Mutual Fund Distributors Association (AMFI) Bhopal had approached Nilesh Shah, MD, Kotak Mutual Fund, requesting them to take steps to help the family of Jitendra Pathak, as the present rules require a minor nominee of a mutual fund distributor to be a minor for his/her family. Do not entitle to get trail commission. But his share of trail commission is deposited till his nominee attains majority.
Mutual fund distributor Jitendra Pathak did not hold any assets in Kotak Mutual Fund, but his daughter’s never-give-up spirit has inspired the Kotak management to help her.
Will get full help for studies
According to Mutual Fund Distributor Association Bhopal, Kotak Mutual Fund will give Vanisha the full cost of school and college fees, books and stationery as educational aid, so that she can continue her studies without any hassle. Apart from this, the AMFI chairman has assured to help Pathak’s family to get the trail commission.