TMB enters in MoU with Birla Sun Life Mutual Fund

TUTICORIN : Tamilnad Mercantile Bank Ltd and Birla Sun Life Mutual Fund have signed an MoU to market mutual fund products.

The MOU for a strategic alliance to distribute and market Mutual Fund products through branches of Tamilnad Mercantile Bank was signed at Mumbai on March 3, S Selvan Rajadurai, General Manager, Business Development, TMB said in a press release

S Selvan Rajadurai, General Manager, Business Development of TMB said in a press release here today that the strategic alliance to distribute and market mutual fund products through TMB's branches was signed in Mumbai on March 3.

A Balasubramanian, CEO of Birla Sun Life Mutual Fund claimed their mutual fund offers innovative investment solutions across asset classes well recognized for their performance.

Rajadurai said TMB is committed to become a financial super market, providing diverse financial products under one roof to customers. "For Tamilnad Mercantile Bank Ltd, it will be one more product to offer to its clients and thus meet customers' investment needs in a growing financial market.

He said Birla Sun Life Mutual Fund would benefit from TMB's 231 branches, especially in south Tamil Nadu and thus reach across to pockets where they have no representatives.