Mumbai: HSBC Investments has entered into a business arrangement with state-owned Corporation Bank which will distribute the entire range of HSBC Mutual Funds products.
These products will be distributed through select branches of Corporation Bank across the country, a press release issued here today stated.
Headquartered in Mumbai, HSBC Investments (India) is a part of HSBC Investments worldwide, which is the core investment solutions business of the HSBC group.
“Given Corporation Bank’s strong customer-centric approach and extensive branch network, we are confident that their customers will find value in our products in order to satisfy their investment needs,” HSBC Investments India CEO Sanjay Prakash said.
For Corporation Bank, it will be one more step in the direction of providing value-added and innovative products and services to its customers, the bank’s general manager T M Lakshmikanthan said.
HSBC Mutual fund, launched in November 2002, held client assets of over Rs16,867.47-crore spread across 31 schemes as of September end.