LIC Mutual Fund Asset Management and Karnataka Bank tie up For LIC's MF products

MUMBAI: LIC Mutual Fund Asset Management Company today announced its tie-up with Karnataka Bank for distribution of its mutual fund products. The AMC will now be able to carry its distribution through more than 730 branches of the bank.

"We are delighted to partner with Karnataka Bank for their support in distributing our products across their branches, pan- India. The combination of our comprehensive range of products catering to the varying investment needs of investors and the distribution reach of the bank would create a great convenience to the investors," said Sarojini Dikhale, CEO, LIC Mutual Fund Asset Management Company.

Jayaram Bhat, MD and CEO, Karnataka Bank said that the engagement increases the option for their customers to choose from a bouquet of financial solutions.

Karnataka Bank also entered into a MoU with Birla Sun Life Asset Management Company for the distribution of their financial products.