Franklin Templeton ties up with BoB for MF distribution
Franklin Templeton Investments (India) has signed an agreement with Bank of Baroda for the distribution of its products.
By INDIATIMES NEWS NETWORK |
MUMBAI: Franklin Templeton Investments (India) has signed an agreement with Bank of Baroda for the distribution of its products.
Bank of Baroda will offer the entire bouquet of Franklin Templeton products through its branches.
“The tie-up is in line with the bank’s twin objectives - providing best-in-class solutions to our large & growing client base, and to enhance the fee-based activities for the bank. We would be also using our international operations and NRI data base across the world for selling these products,” said Satish C Gupta, executive director, Bank of Baroda.
Vivek Kudva, president, Franklin Templeton India, said, “we have always believed that the banking channel has a key role in spreading the mutual fund concept across the country, into smaller centres and overseas, which are not covered by the existing distribution networks.”
Bank of Baroda will offer the entire bouquet of Franklin Templeton products through its branches.
“The tie-up is in line with the bank’s twin objectives - providing best-in-class solutions to our large & growing client base, and to enhance the fee-based activities for the bank. We would be also using our international operations and NRI data base across the world for selling these products,” said Satish C Gupta, executive director, Bank of Baroda.
Vivek Kudva, president, Franklin Templeton India, said, “we have always believed that the banking channel has a key role in spreading the mutual fund concept across the country, into smaller centres and overseas, which are not covered by the existing distribution networks.”
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