UTI Mutual Fund (UTI MF) and Oriental Bank of Commerce have entered into a tie-up for distribution of UTI MF schemes. Under the agreement, Oriental Bank of Commerce will offer the entire bouquet of UTI MF's schemes through its 1900 branches pan India.
The MOU in this connection was signed by Shri Atul Gautam, General Manager (Marketing), Oriental Bank of Commerce and Shri Debashish Mohanty, Country Head - Retail, UTI AMC in the presence of Shri Imtaiyazur Rahman, Acting CEO, UTI Asset Management Company Limited, Shri S.L. Bansal, Chairman and Managing Director, Shri V. Kannan, Executive Director, and other Top Executives of Oriental Bank of Commerce.
Speaking on the occasion, Mr. Imtaiyazur Rahman, Acting CEO, UTI Asset Management Company Limited said, “This tie-up will enable UTI Mutual Fund to offer its comprehensive range of mutual fund products to a wider segment of the society. 18.25 million customers of Oriental Bank of Commerce will get an opportunity to invest in the schemes of UTI Mutual Fund at the branches where they do their banking transactions”
Mr. S L Bansal, Chairman and Managing Director, Oriental Bank of Commerce said, “With the signing of this agreement with UTI Mutual Fund, the Bank has taken another major step forward to meet the diverse financial needs of its valued customers, all under one roof. This will also help in boosting the Non-Interest Income of the Bank.”
UTI Mutual Fund reaches out to its investors through its wide distribution network, comprising 149 Financial Centers (UFCs), 410 Business Development Associates & Chief Advisors and over 43000 AMFI/NISM certified Independent Financial Advisors and through tie-ups with several Banks and Department of Post.
