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Wednesday, Jan 07, 2004

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Corpn Bank to sell DSP Merrill MF products

Our Bureau

Mangalore , Jan. 6

CORPORATION Bank has signed an agreement with DSP Merrill Lynch Mutual Fund to distribute mutual fund products of the latter as a part of the bank's strategy to increase the bouquet of products being offered to its clients and to earn fee-based income.

A press release here stated that the General Manager (Marketing), Corporation Bank, Mr M.V. Nair, signed an agreement with Mr Alok Vajpeyi, President of DSP Merrill Lynch Fund Manager, in Mangalore recently.

According to Mr Vajpeyi, the joint initiative of the bank and DSP Merrill Lynch Mutual Fund would help a large of number of investors to participate in the equity and debt markets through a mutual fund.

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