Fidelity Fund Management ties up with SIB
Wednesday, 23 January 2008, 20:30 IST
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Kochi: Fidelity Fund Management on Wednesday entered into an agreement with Kerala-headquartered South Indian Bank (SIB)for the distribution of its mutual fund products. V.A. Joseph, chairman and CEO of the South Indian Bank, and Ashu Suyash, managing director and country head of Fidelity Fund Management, signed the agreement. Fidelity Fund Management's full range of mutual funds will now be available at all branches of South Indian Bank. Joseph said with this agreement, the Bank had taken another step towards offering wealth management solutions for its valued customers. "We are committed to bring to our customers a wide range of financial products in keeping with their financial goals. With this distribution tie-up, our customers will get easier access to Fidelity's mutual funds," said Joseph. Suyash added that, at Fidelity, they have long believed that growth in the Indian mutual fund industry will be driven by an increasing number of investors coming into the fold. "We are delighted to partner South Indian Bank to take our products out to a larger number of investors. We look forward to working with South Indian Bank to help customers understand the role mutual funds can play in achieving their financial goals," said Suyash.
Source: IANS