Bangalore: Kotak Mahindra Asset Management Company, one of India’s leading mutual fund houses, today entered into a distribution tie-up with Andhra Bank.
Under the agreement, Andhra Bank will offer the entire bouquet of Kotak Mutual Fund products from its 1,386 branches.
The banking channel is one of the best platforms to reach out to retail investors. Offering advice on mutual fund investments is an extension of the value added services that are offered by banks, Kotak Mahindra AMC Chief Executive officer Sandesh Kirkire and Andhra Bank General Manager, Marketing, Rakesh Sethi said
“Our tie-up with Andhra Bank will reinforce our commitment to expand retail participation,” a company statement said.