SBI Mutual Fund to sell MF products through Ratnakar Bank branches

NEW DELHI: SBI Mutual Fund has tied up with Ratnakar Bank to sell its mutual fund products through the bank's branch.

"...have entered into an alliance to offer the entire bouquet of SBI Mutual Fund's schemes through the 114 plus branches of Ratnakar Bank spread across Maharashtra, Gujarat, Delhi NCR, Karnataka, Tamil Nadu and Goa," SBI Mutual Fund said in a statement today.

SBI Mutual Fund National Head, Sales and Distribution, D P Singh said the uncertainty in equity markets owing to challenging economic conditions makes it imperative to invest through the mutual fund routes.

"Distribution of mutual funds is an important initiative taken by the bank to offer new asset classes...Our customers will benefit from the scale, range and performance of their schemes," Ratnakar Bank Head Retail and Consumer Banking Nitin Chopra said.