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Our Bureau

Kochi , Dec 22

HSBC Investments, the trading name of HSBC Asset Management (India) Pvt Ltd, has entered into an agreement with the Aluva-based Federal Bank to have HSBC's mutual fund products distributed through the latter's branches across the country.

Mr Sanjay Prakash, CEO, HSBC Investments, said that the partnership with Federal Bank would provide an opportunity for the customers to access various products of HSBC Mutual Fund.

According to Mr M. Venugopalan, Chairman, Federal Bank, the tie-up is in tune with the bank's twin objective to provide the best investment solutions to its customers, who will gain the convenience of availing banking and mutual fund products under one roof.

HSBC Investments in India is headquartered in Mumbai. It is part of HSBC Investments worldwide serving the investment needs of all clients served by HSBC.

HSBC Mutual Fund, which was launched in November 2002, held client assets of over Rs 6,975 crore as on November 30, across eight schemes.

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