UTI Mutual Fund and Standard Chartered Bank have entered into a strategic tie-up for distribution of UTI MF schemes. Under the agreement, Standard Chartered Bank will offer the entire bouquet of UTI MFs schemes across the banks branches.On the occasion, Mr. Jaideep Bhattacharya, Chief Marketing Officer, UTI AMC said, With an intension 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.
Mr. Sandeep Das, General Manager, Wealth Management Services, Standard Chartered Bank. said, 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.
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