Fidelity Fund Management has entered into an agreement with Federal Bank, one of Indias premier private sector banks, for the distribution of its products.
Kochi, May 6 (ANI: Fidelity Fund Management has entered into an agreement with Federal Bank, one of India's premier private sector banks, for the distribution of its products.
M. Venugopalan, Chairman, Federal Bank, and Ashu Suyash, Managing Director and Country Head, Fidelity Fund Management, announced the distribution tie-up at a press conference today.
Fidelity Fund Management's entire suite of mutual funds will now be available at more than 600 branches of Federal Bank throughout the country.
Speaking on the occasion, Venugopalan said: "With this partnership our customers will have easier access to Fidelity's range of funds. This is another step towards offering our customers holistic financial solutions of Fidelity Fund's mutual funds for retail investors to participate in the equity markets."
We are delighted with our distribution tie-up with Federal Bank and look forward to partnering them as our funds become available at their branches across India. Distribution holds the key to the growth of the Indian mutual fund industry and we believe that banks, with their extensive branch networks and close relationships with customers, have a key role to play in popularising mutual funds as a preferred investment option," Suyash added.
ANI