Dhanlaxmi Bank, UTI Mutual Fund tie up

Private sector Dhanlaxmi Bank has entered into an alliance with UTI Mutual Fund (UTI MF) under which it will offer the entire bouquet of UTI MF's schemes to its customers.

The bank's Head-Broking & Distribution, D A Dhananjaya, said in a statement that "this alliance with UTI MF will help us provide quality funds to our customers and thereby provide more choices and opportunities for financial planning."

UTI AMC's Chief Marketing Officer, Jaideep Bhattacharya, said that "the tie-up will enable UTI MF to offer its comprehensive range of mutual fund products to a wider segment of the society."

Dhanlaxmi Bank already has distribution agreements with ICICI Prudential Mutual Fund and Kotak Mahindra MF, the statement said.