Central Bank of India has entered into a distributorship Agreement with Aditya Birla Sun Life AMC (ABSLAMC) for distribution of their Mutual Fund Products to its customers on Do it yourself (DIY) model. The participation by both the entities in this arrangement will result in offering the customers of Central Bank of India, an opportunity to unlock the value of their savings through various mutual fund products offered by ABSLAMC.
ABSLAMC is one of the leading asset managers in India, servicing around 7.98 million investor folios with a pan India presence across 290 plus locations and a total AUM of Rs 3,247 billion for the quarter ending December 31, 2023 under its suite of Mutual Fund (excluding domestic FoFs), Portfolio Management Services, Alternative Investment Funds, Offshore and Real Estate offerings.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.
