HDFC Mutual Fund has tied up with Syndicate Bank to distribute its products through the bank’s 2700 plus branches across the country.
“It is our privilege to be associated with HDFC AMC to offer their superior mutual fund schemes to our valued customers. Mr. Sanghvi said that in the recent past Bank has taken some more initiatives like introducing separate vertical for MSMEs, tying up with Mutual funds and sale of Gold Coins etc., for augmenting fee based income. He noted that this tie-up would go a long way in further strengthening the bond with our valued customers by offering them superior investment options from HDFC AMC,” said M G Sanghvi, Chairman and Managing Director, Syndicate Bank.
Milind Barve, Managing Director, HDFC AMC said, “The MoU with Syndicate Bank will give us an opportunity to tap the customers across the bank’s 2700 plus network pan India and further strengthen our position in the market. Also this tie-up will give customers of Syndicate Bank an easy access to a wide array of investment products that we offer.”
Milind also added saying, “With this strategic tie-up between HDFC Mutual Fund and Syndicate Bank, it will give us an opportunity to reach out to the customers in tier II and tier III cities and offer them wide range of products to invest as per their financial needs.”
HDFC Mutual Fund manages Rs 92,624 crore for the quarter ended 30th June 2012.
