Thursday, Mar 28 2024 | Time 21:55 Hrs(IST)
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Business Economy


LIC Mutual Fund ties-up with Corporation Bank for distribution of MF products

Mumbai, Aug 23(UNI)LIC Mutual Fund Asset Management Company today announced its tie-up with Corporation Bank for distribution of its mutual fund products.
Commenting on the tie-up, Ms. Sarojini Dikhale, CEO of LIC Mutual Fund Asset Management Company said ''We are delighted to partner with one of the leading and forward looking nationalized banks; Corporation Bank for their support in distributing our products across their branch offices spread across 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''.
Mr. Jai Kumar Garg, Managing Director & CEO of Corporation Bank said ''We are very excited with this opportunity. 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 products, given our wide network and geographical reach ''.
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