UTI Mutual Fund has tied up with Syndicate Bank for the sale and distribution of mutual fund schemes. Syndicate Bank has a network of 2,713 branches spread across India.
“The bank, of late has taken a lot of initiatives to augment its fee-based income, and distribution of mutual fund products is one such step in that direction,” said M.G. Sanghvi, Chairman and Managing Director, Syndicate Bank.
A MoU was signed in this regard by Imtaiyazur Rahman, Acting CEO, UTI Asset Management Company Ltd, and M.G. Sanghvi, Chairman and Managing Director, Syndicate Bank.