SBI Mutual Fund and Ratnakar Bank today announced that they have entered into an alliance to offer the entire bouquet of SBI Mutual Fund's schemes through the 114 plus branches of Ratnakar Bank spread across Maharashtra, Gujarat, Delhi NCR, Karnataka, Tamil Nadu and Goa states.
Commenting on the development, Mr. Nitin Chopra, Head – Retail and Consumer Banking, Ratnakar Bank said: “Distribution of mutual funds is an important initiative taken by the bank to offer new asset classes to the customers and expand the bank’s product suite for them. We are delighted to tie up with SBI mutual fund for distributing their products. Our customers will benefit from the scale, range and performance of their schemes.”
D.P
Singh, National Head Sales and Distribution, SBI Mutual Fund said,
''Performance and Distribution are two pillars for any mutual fund house to
make a success. We are constantly enhancing our distribution by reaching to new
customers in varied geography and our tie-up with Ratnakar Bank is a testimony.
Uncertainty in Equity markets owing to challenging economic conditions makes it
imperative to invest through the Mutual Fund route.
