UTI Mutual Fund is in talks with various payments banks and small finance banks (SFBs) licensees for tie-ups for greater use of the banking network as an important distribution channel. While the fund house aggressively wants to increase its business from banking channels, it has also reorganised the sales structure in this space.
Although the company has tie-ups with almost all the public, private and foreign banks for distribution of products, banks’ contribution to its assets under management (AUMs) is currently below the industry average.
