MAGIM and Corporation Bank sign tie-up

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Mangalore, June 23 (UNI) Mirae Assets Global Investment Management (India) Pvt. Limited (MAGIM), Asia's leading asset management group today announced its tie-up with public sector Corporation Bank for distribution of its Mutual Fund (MF) product.

The Memorandum of Understanding (MoU) was exchanged between Bank General Manager and Company CEO Arindam Ghosh.

According to Mr Ghosh, this was the first tie-up with a public sector bank. Through this tie-up, the Group would be able to leverage on the reach of Corporation Bank pan- India presence of 1000 number of branches. The tie-up would facilitate the Bank's customers to invest in the equity and debt funds of the fund's house.

Mr Laxminaryana said that the bank is already having tie-ups with 16 MF companies and distributing their products at its selected branches across the country. The tie-up with Mirae group would one more step in this direction in meeting the aspirations of its customers.

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