Sep 19, 2008, 08.26 PM IST

Kotak Mahindra MF enters into distribution with Andhra Bank

Kotak Mahindra Asset Management Company, one of India’s leading mutual fund houses, entered into a distribution tie-up with Andhra Bank. Under the agreement, Andhra Bank will offer the entire bouquet of Kotak Mutual Fund products from the bank’s 1386 branches.

Source: Moneycontrol.com
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Kotak Mahindra Asset Management Company , one of India’s leading mutual fund houses, today entered into a distribution tie-up with Andhra Bank . Under the agreement, Andhra Bank will offer the entire bouquet of Kotak Mutual Fund products from the bank’s 1386 branches. Sandesh Kirkire, Chief Executive Officer, Kotak Mahindra AMC and Rakesh Sethi, General Manager, Marketing, Andhra Bank signed the MOU.


On the occasion, Sandesh Kirkire, Chief Executive Officer, Kotak Mahindra Asset Management Company said, “The banking channel is one of the best platforms to reach out to retail investors. Offering advice on mutual fund investments is an extension of the value added services that are offered by banks. As experts in the field of wealth creation in India, our tie up with Andhra Bank will reinforce our commitment to expand retail participation. With this tie-up customers will gain easy access to the various schemes of Kotak Mahindra AMC at the branches where they do their banking transactions.”


Sourced From: IPAN


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