Syndicate Bank has entered into a distribution tie-up with UTI Mutual Fund whereby the bank will sell the asset management company’s product through its branches. As per the tie-up the bank will sell and distribute the mutual fund scheme through its network of 2,713 branches spread across the country.
The bank has inked a memorandum of understanding (MoU) with UTI Asset Management Company for the same.
On the other hand, through this tie-up the asset management company will get the opportunity to penetrate in TIER II and TIER III cities by tapping bank’s customers across the country.
