Reliance Mutual Fund ties up with two banks

By SiliconIndia   |   Sunday, 25 November 2007, 08:00 Hrs
Printer Print Email Email
New Delhi: Anil Ambani group firm Reliance Mutual Fund (MF) today said it has entered into an agreement with the United Bank of India and State Bank of Saurashtra for distribution of its products.

Under the agreement, the banks would sell Reliance MF's products through their specified branches, the company said in a statement.

"We are happy to announce these tie-ups that will help us fulfill our long-term leadership goal of reaching out to a large number of prospective customers," said Vikrant Gugnani, CEO Reliance MF.

To sell these MFs, UBI has designated 160 branches , while SBS would sell through 150 branches. Reliance Mutual Fund has fund house with the business managing a corpus of over Rs 79,973 crore, with over four million investors.

SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..