UTI Mutual Fund ties up with State Bank of India
New Delhi, Mar 25 (UNI) Looking to tap State Bank of India's (SBI) huge network and customer base, UTI Mutual Fund (UTI MF) today announced a strategic tie-up with the bank for distribution of UTI MF schemes.
Under the agreement, SBI will offer the entire bouquet of UTI MF's schemes across the bank's selected branches.
UTI AMC Chairman and Managing Director U K Sinha said, ''The tie-up with State Bank of India, who are also our Sponsors, will give easy access to customers to invest in the various schemes of UTI MF.'' ''State Bank of India has a dominant presence across the country and is also present in various parts of the world. This tie-up will be mutually rewarding,'' he added.
The tie up with UTI Mutual Fund will be a first for SBI in vending a third party's Mutual Fund products. Initially SBI has identified 48 centres across the country wherefrom UTI MF products will be sold.
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