Business Update29 Jun 2024, 11:16 pm
Central Bank of India Signs Distribution Agreement with Mirae Asset Investment Managers for Mutual Fund Products
AI Summary
Central Bank of India has entered into a distributorship agreement with Mirae Asset Investment Managers (India) Pvt. Ltd. for the distribution of their mutual fund products to its customers on a DIY model. This partnership aims to provide Central Bank of India's customers with an opportunity to unlock the value of their savings through various mutual fund products offered by Mirae Asset Investment Managers (India) Pvt. Ltd. Mirae Asset Investment Managers (India) AUM stood at Rs. 1,73,787 crore as on May 31, 2024.
Key Highlights
- Central Bank of India has signed a distributorship agreement with Mirae Asset Investment Managers (India) Pvt. Ltd.
- The agreement allows for the distribution of Mirae Asset's mutual fund products to Central Bank of India's customers.
- This partnership aims to provide customers with an opportunity to unlock the value of their savings.
- Mirae Asset Investment Managers (India) AUM stood at Rs. 1,73,787 crore as on May 31, 2024.
- The agreement is part of Central Bank of India's efforts to offer a diverse range of investment options to its customers.