Rel MF in distribution tie up with two banks

Reliance Mutual Fund has formed a partnership with Union Bank of India and State Bank of Saurashtra to distribute its products through their specified branches.

The Union Bank of India will sell Reliance Mutual Fund products through 160 of its 1370 branches while State Bank of Saurashtra has allocated 150 of the total 470 branches. With four million investors, Reliance Mutual Fund manages a corpus of Rs 79,973 crore.