Financial Daily from THE HINDU group of publications
Tuesday, Jul 27, 2004
Financial Daily from THE HINDU group of publications Tuesday, Jul 27, 2004 |
||
|
|
||
|
Markets
-
Mutual Funds UTI Mutual in pact with Union Bank — Rs 500-cr worth products to be sold this year Our Bureau
Mr M. Damodaran, CMD, UTI Mutual Fund, with Mr V. Leeladhar, CMD, Union Bank of India, at a press conference in Mumbai on Monday. - Paul Noronha
Mumbai , July 26 UTI Mutual Fund today announced a strategic tie-up with Union Bank for distribution of its mutual fund schemes. Under the agreement, Union Bank of India will offer the entire bouquet of UTI MF's schemes through its select branches. The target for the new partner is to sell Rs 500 crore worth of the mutual fund's products this year, according to UTI officials. About 150 employees of Union Bank are currently AMFI certified. About 50 more would soon get their certification, said Mr V. Leeladhar, Chairman and Managing Director, Union Bank of India. "Our strategic partnership with Union Bank of India is a further testimony of our commitment to the retail investors of this country," said Mr M. Damodaran, Chairman and Managing Director, UTI MF.
More Stories on : Mutual Funds | Public Sector Banks
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|