LIC Mutual Fund announced its tie-up with Cosmos Co-operative Bank for distribution of its mutual fund products through the bank’s 140 branches spread across pan-India.
In a press release, Sarojini Dikhale, CEO of LIC MF said, “We are delighted to partner with one of the leading Co-operative banks; Cosmos Co-op Bank for their support in distributing our products to its customers. The combination of our comprehensive range of products catering to the varying investment needs of investors and the distribution reach of the bank would create a great convenience to the bank’s customers. We are very happy to embark on this relationship and look forward to a long and mutually engaging association”.
Vikrant Ponkshe, Managing Director and CEO of Cosmos Bank said, “We are very excited with this opportunity. This would be a forward looking step for the bank to provide a complete financial solution to our esteemed customers. Mutual Fund penetration in India is still very low and banks have played an important role in selling these products to the mass. This engagement increases the option for our customers to choose from a bouquet of financial solutions”.
