DSP Merrill Lynch Fund Managers and South Indian Bank today announced a strategic partnership for distribution of products. South Indian Bank will distribute DSP Merrill Lynch Mutual Fund schemes through its selected branches spread across the country.

Mr.Cheryan Varkey, Chief General Manager, South Indian Bank, and Mr. Pankaj Sharma – Head – Products and Business Development, DSP Merrill Lynch Fund Managers made this joint announcement in Thrissur. This initiative is in line with the strategy adopted by DSP Merrill Lynch Fund Managers to expand their retail investor base. Mr. Pankaj Sharma – Head, Products and Business Development, DSP Merrill Lynch Fund Managers said “Mutual Funds, as an investment avenue are becoming increasingly popular with the retail investor. Offering advice on mutual fund investments is an extension of the value added services that are offered by banks. We see South Indian Bank as an important partner for providing asset management products to Indian investors and are very happy to embark on this long-standing relationship.

“Today, ” DSP Merrill Lynch’s new alliance with SIB brings together two well-known brand names that spell continuity and value addition to the customers. The strong presence of SIB in South India will make distribution of MF more effective in the South. The technological advancement of SIB will be an added boon to its retail and corporate customers for direct investment in MF through net banking, “said Mr. Cheryan Varkey, Chief General Manager, South Indian Bank.

Mr. Alex Mathew, General Manager of SIB and Mr.Pankaj Sharma, Head, Product and business developments of DSP MLFM exchanged the MOU in the presence of Mr.Cheryan Varkey, CGM of SIB. Mr.Jose Mohan, DGM, Marketing Head of SIB and Mr.Juzer Tambawalla, Head Marketing of DSP MLFM also spoke on the occasion.

Sourced From: Sampark Public Relations Pvt Ltd

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