Birla Sun Life MF inks distribution pact with Oriental Bank

MUMBAI: Birla Sun Life Mutual Fund (BSLMF) and Oriental Bank of Commerce (OBC) have signed an MoU for a strategic alliance, whereby the bank will distribute and market BSLMC's mutual fund products through its branches.

OBC general manager A C Hari said that the bank is committed to become a financial supermarket that provides diverse financial products under one roof to its customers.

"For OBC, it will be one more product to offer to its clients and thus meet customers' investment needs in a growing financial market," Hari said in a statement issued here.

Stating that BSLMF will be benefited by the 1,520 branches belonging to Oriental Bank, the statement said that it will help extend its reach to places where the fund has no representatives.