The Hindu Business Line : BoB ties up for MF distribution

Bank of Baroda has tied up with Franklin Templeton AMC and Sundaram BNP Paribas Asset Management Company for distribution of mutual funds. The bank will offer the entire bouquet of products of these fund houses through its branches, said a press release from the bank.

BoB has recently tied up with Pioneer Investments, which picked up 51 per cent stake in the bank's asset management company. This venture is likely to start operations by June 2008. According to a senior official from the bank, the idea is to offer customers a wide choice of investment products. Also, customers may want various options of funds such as equity funds, debt funds or tax savings funds, which may be offered by different fund houses. These tie-ups for mutual fund distribution will also provide the bank an additional fee income, the official said. - Our Bureau

More Stories on : Public Sector Banks | Mutual Funds | Channels and Franchises

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee tad weaker; RBI active

Lehman bullish on rupee, equity market

IDBI net up 12%; other income rises

Sub-prime crisis brewing here, warns Tarapore

Intense Tech tool for Bharti AXA

Oil price a global economy risk

ICICI Group teams up with Manipal Education

ICICI Bank upbeat on pvt banking

South Indian to vend HSBC MF products

Union Bank to add 200 branches

BoB ties up for MF distribution

Bank of America expands here

Power sector financiers for changes in bidding norms

Bond market lacklustre

Call rates close at 6.10-6.20%

ICICI Bank launches new service