Leading asset management company DSP Merrill Lynch Fund Managers and South Indian Bank have entered into a strategic partnership for distribution of products.
Under the agreement, South Indian Bank will distribute DSP Merrill Lynch Mutual Fund schemes through its selected branches spread across the country.
Presently, South Indian Bank has got 503 branches and 229 ATMs across 23 states.
According to market experts, the strong presence of SIB in South India would make distribution of MF more effective in the Southern cities. The technological advancement of SIB has also been considered as added boon to its retail and corporate customers for direct investment in MF through net banking.
Under the agreement, South Indian Bank will distribute DSP Merrill Lynch Mutual Fund schemes through its selected branches spread across the country.
Presently, South Indian Bank has got 503 branches and 229 ATMs across 23 states.
According to market experts, the strong presence of SIB in South India would make distribution of MF more effective in the Southern cities. The technological advancement of SIB has also been considered as added boon to its retail and corporate customers for direct investment in MF through net banking.
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