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Fidelity Fund Mgmnt enters into tie up with South Indian Bk

This article was posted on Jan 24, 2008 and is filed under Press Releases

Fidelity Fund Management today entered into an agreement with South Indian Bank, one of India’s established private sector banks, for the distribution of its products. Dr. V A Joseph, Chairman & CEO, South Indian Bank, and Ashu Suyash, Managing Director and Country Head, Fidelity Fund Management, signed the agreement. Fidelity Fund Management’s full range of mutual funds will now be available at all branches of South Indian Bank.

Speaking on the occasion, Dr. Joseph said, “With the signing of the distribution agreement with Fidelity Fund Management, South Indian Bank has taken another step towards offering a wealth management solution to meet the savings needs of its valued customers. We are committed to bringing to our customers a wide range of financial products in keeping with their financial goals. With our distribution tie-up with Fidelity, our customers will get easier access to Fidelity’s mutual funds.”

Ms. Suyash added, “At Fidelity, we have long believed that growth in the Indian mutual fund industry will be driven by an increasing number of investors coming into the mutual fund fold. We are delighted to partner South Indian Bank to take our products out to a larger number of investors. We look forward to working with South Indian Bank to help customers understand the role mutual funds can play in achieving their financial goals.”

Sourced From: IPAN

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