UTI Mutual Fund and Standard Chartered Bank have entered into a strategic tie-up for distribution of the former’s mutual fund schemes.
Standard Chartered will offer the entire bouquet of UTI MF’s schemes across the bank’s branches, a press release issued here on Monday stated.
UTI AMC Chief Marketing Officer Jaideep Bhattacharya said that “with an intention of reaching out to more retail investors, we have entered into a strategic alliance with Standard Chartered Bank for distribution of our schemes”.
“This tie-up will provide an opportunity to 2 million customers of Standard Chartered Bank to invest in UTI MF schemes at the branches where they do their banking transaction,” he added.
Standard Chartered General Manager Wealth Management Services Sandeep Das said that, “With the signing of this agreement with UTI MF, the bank has taken yet another step forward to meet the diverse financial needs of its valued customers, under one roof. For distribution of UTI MF products, the bank has identified all its 83 branches across 33 cities in India.”