Andhra Bank to offer Kotak Mahindra Mutual Fund products through its branches

An agreement of distribution tie-up was signed between Kotak Mahindra Asset Management Company, one of India’s leading mutual fund houses, and Andhra Bank. According to this agreement, Andhra Bank will be offering the entire bouquet of Kotak Mutual Fund products through its 1386 branches. MOU was signed by Sandesh Kirkire, Chief Executive Officer, Kotak Mahindra AMC and Rakesh Sethi, General Manager, Marketing, Andhra Bank.

During the signing of MOU, Sandesh Kirkire, Chief Executive Officer, Kotak Mahindra Asset Management Company said, “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. As experts in the field of wealth creation in India, our tie up with Andhra Bank will reinforce our commitment to expand retail participation. With this tie-up customers will gain easy access to the various schemes of Kotak Mahindra AMC at the branches where they do their banking transactions.”