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Mumbai, June 22 Mirae Asset Mutual Fund has announced its tie-up with Corporation Bank for the distribution of its mutual fund products. This is the first tie up for Mirae Asset with a public sector bank.

The Memorandum of Understanding (MoU) was exchanged between Mr T.M. Lakshmikanthan, General Manager, Corporation Bank, and Mr Arindam Ghosh, Chief Executive Officer, Mirae Asset Global Investment Management (India) Pvt. Ltd.

“Through this tie-up Mirae Asset would be able to leverage on the reach of Corporation Bank pan-India presence of 1,000 number of branches and enable customers of the bank to invest in the equity & debt funds of the fund house,” said a release issued by Mirae Asset.”

The Bank is in the forefront in offering value added and innovative products and services and is already having tie ups with 16 mutual fund houses for distributing these products at select branches across the country,” said Mr T.M. Lakshmikanthan.

“We are delighted and strongly believe that this partnership would significantly add value to the bank as it would provide a platform for its large base of customers for investing into our product basket,” Mr Arindam Ghosh said

“Considering that Corporation Bank has an extensive nationwide network of 1000 branches, we would be able to leverage on their reach to serve their customers with innovative products managed & advised by our team of investment professionals in India and across the globe,” Mr Ghosh said.

Besides, the tie-up with the bank Mirae is also expanding its branch network across the country. “Since we started operations in November 2007, we have invested in opening 23 branches across the country,” he said.

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Mirae Asset in tie up with Corporation Bank for distribution

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