Dhanlaxmi Bank has entered into an alliance with UTI Mutual Fund (UTI MF) under which the bank will offer the entire bouquet of UTI MF’s schemes through its 270 branches in more than 130 cities and towns across the country.
Announcing the tie-up, DA Dhananjaya, Head - Broking & Distribution, Dhanlaxmi Bank, said, “The Bank has taken yet another step forward to meet the diverse financial needs of its valued customers. This alliance with UTI MF will help us provide quality funds to our customers and thereby provide more choices and opportunities for financial planning.”
Jaideep Bhattacharya, Chief Marketing Officer, UTI Asset Management Company Ltd, said, “With this alliance, customers of Dhanlaxmi Bank will get easy access to invest in the various schemes of UTI Mutual Fund at the branches where they do their banking transactions. The tie-up will also enable UTI Mutual Fund to offer its comprehensive range of mutual fund products to a wider segment of the society.”
Dhanlaxmi Bank has distribution agreements with ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund and plans to introduce further new products and value-added services in the near future.