OBC sign MoU with Kotak Mahindra to offer its mutual funds

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New Delhi, Mar 3 (UNI) Kotak Mahindra Asset Management Company Ltd today said it has entered into a tie-up with Oriental Bank of Commerce (OBC) under which, the Bank will offer entire bouquet of Kotak Mutual Fund's products across it's branches.

''The banking network is one of the best approaches to reach out to retail investors. Offering advice on mutual fund investments is an extension of the value-added services that are offered by banks and as experts in the field of wealth creation in India, our tie-up with OBC will reinforce our commitment to expand retail participation,'' CEO ,Kotak Mahindra Asset Management Company, Sandesh Kirkire said.

With this tie-up customers will gain easy access to the various schemes of Kotak Mahindra AMC at the branches where they do their banking transactions, Mr Kirkire added.

The MoU was signed by Mr Kirkire and CMD (Oriental Bank of Commerce) Alok K Misra.

''OBC through its well spread network of branches in metro, urban, semi-urban and rural centres can reach various segments of customers and familiarise the new investment opportunities,'' Mr Misra said.

We have taken one more step in this direction by signing a Memorandum of Understanding with a well known mutual fund i.e. Kotak Mahindra, to offer additional investment products to the customers of our Bank. The customers of our Bank now have more products in the basket to choose from, he added.

UNI BJR PDT BD1945

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