LIC Mutual Fund announced its tie-up with Karnataka Bank for distribution of its mutual fund products. The distribution will be through 730 + branches pan India, said a press release issued by the company.
Commenting on the tie-up, Ms. Sarojini Dikhale, CEO of LIC MF said, “We are delighted to partner with one of the leading and forward looking banks; Karnataka Bank for their support in distributing our products across their branches pan - India. 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 investors. We are very happy to embark on this relationship and look forward to a long and mutually engaging association”.
P. Jayarama Bhat, Managing Director & CEO of Karnataka 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. This engagement increases the option for our customers to choose from a bouquet of financial solutions”.
