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Our Bureau

Mumbai, Sept. 8 Sundaram BNP Paribas Mutual Fund has tied up with Shamrao Vithal Co-operative Bank Ltd for distribution of its mutual fund products.

The bank will now distribute the entire bouquet of schemes of the fund house across its branches in major business cities in the country, said a press release.

“We see greater potential for Sundaram BNP Paribas Mutual to grow in collaboration with the banks, as the banking sector in India has many folds larger retail network reach as against the mutual fund industry,” said Mr T.P. Raman, Managing Director, Sundaram BNP Paribas Mutual.

It manages assets worth about Rs 12,162 crore as on August 31, 2008.

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