Corporation Bank and LIC Mutual Fund Asset Management Company have tied up to facilitate distribution of the latter’s mutual funds products through the bank’s network of branches. Jai Kumar Garg, MD and CEO, Corporation Bank, said while mutual fund penetration in the country is still very low, banks have played an important role in selling these products. The tie-up, he said will increase the options of the bank’s customers to choose from a bouquet of products. Sarojini Dikhale, CEO of LIC Mutual Fund Asset Management Company felt the combination of the 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. Garg and Rajesh Patwardhan, CMO of LIC Mutual Fund, exchanged the agreement documents.
