SBI Fund Management Private Limited (SBI Mutual Fund),a leading asset management company in India, has tied up with United Bank of India (UBI) for distribution of mutual fund products, especially in the eastern and north-eastern regions.
UBI, a leading public sector bank, will mainly act as a distribution network for SBI MF mass products, which will be available to the bank's customers across the country.
Eastern and North Eastern region was covered well by UBI, said Achal Kumar Gupta, managing director, SBI Mutual Fund. There will be innovative products in the near future, indicated R S Srinivas Jain, senior vice president and chief marketing officer of SBI Mutual Fund.
UBI was looking at offering customers more opportunities to diversify their portfolio in accordance with their financial needs through this tie up.