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 the bank’s 1386 branches. Sandesh Kirkire, Chief Executive Officer, Kotak Mahindra AMC and Rakesh Sethi, General Manager, Marketing, Andhra Bank signed the MOU.
On the occasion, 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.”
About Kotak Mahindra Mutual Fund www.kotakmutual.com
Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly owned subsidiary of KMBL, is the Asset Manager for Kotak Mahindra Mutual Fund (KMMF). KMAMC started operations in December 1998 and has over 10 Lac investors in various schemes. KMMF offers schemes catering to investors with varying risk - return profiles and was the first fund house in the country to launch a dedicated gilt scheme investing only in government securities.
Kotak Mahindra Mutual Fund provides investors with smart financial products, which are aimed at enhancing customers' wealth, along with services that make the investing process easier. The company has a history of innovative products and services behind it, and has led the way for the industry on many counts.
Set up in 1998, Kotak Mutual Fund currently manages assets in excess of Rs. 19700 crores contributed by over 10.24 lakh investors (as on 31st August, 2008).
Statutory: Kotak Mahindra Mutual Fund is a Trust (Indian Trusts Act, 1882). Investment Manager: Kotak Mahindra Asset Management Company Ltd. Sponsor: Kotak Mahindra Bank Ltd. (liability Rs. NIL). Trustee: Kotak Mahindra Trustee Company Ltd.
Before investing, please read the Offer Document carefully.
About Andhra Bank:
Andhra bank is established in 1923 by Dr. Bogarju Pattabhi Seetharamaiah, a patriot, freedom fighter and a Gandhian at Masulipatam.
The bank was nationalized in 1981. Now the bank has 1386 branches spread over 22 States and 2 Union territories. The total business of the bank as on 31.03.2008 is Rs. 83,993 crores (Deposits Rs.49,437 crores and Rs.34,557 crores).
On the occasion, 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.”
About Kotak Mahindra Mutual Fund www.kotakmutual.com
Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly owned subsidiary of KMBL, is the Asset Manager for Kotak Mahindra Mutual Fund (KMMF). KMAMC started operations in December 1998 and has over 10 Lac investors in various schemes. KMMF offers schemes catering to investors with varying risk - return profiles and was the first fund house in the country to launch a dedicated gilt scheme investing only in government securities.
Kotak Mahindra Mutual Fund provides investors with smart financial products, which are aimed at enhancing customers' wealth, along with services that make the investing process easier. The company has a history of innovative products and services behind it, and has led the way for the industry on many counts.
Set up in 1998, Kotak Mutual Fund currently manages assets in excess of Rs. 19700 crores contributed by over 10.24 lakh investors (as on 31st August, 2008).
Statutory: Kotak Mahindra Mutual Fund is a Trust (Indian Trusts Act, 1882). Investment Manager: Kotak Mahindra Asset Management Company Ltd. Sponsor: Kotak Mahindra Bank Ltd. (liability Rs. NIL). Trustee: Kotak Mahindra Trustee Company Ltd.
Before investing, please read the Offer Document carefully.
About Andhra Bank:
Andhra bank is established in 1923 by Dr. Bogarju Pattabhi Seetharamaiah, a patriot, freedom fighter and a Gandhian at Masulipatam.
The bank was nationalized in 1981. Now the bank has 1386 branches spread over 22 States and 2 Union territories. The total business of the bank as on 31.03.2008 is Rs. 83,993 crores (Deposits Rs.49,437 crores and Rs.34,557 crores).
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