• Home Loan
  • Vehicle Loan
fd7b860d20b3df6b5e57a096f9aece91 savings account, loans, SME loans, NRI banking services, Forex, car loan, home loan, co-operative bank, trade finance
Mutual Funds
Home » Personal » Investment & Insurance » Mutual Funds

Mutual Funds

Considering the changes in Indian demographics (more than 70% of the population below the age of 35), changes in investment pattern (rising disposable incomes created a huge potential for investment in Insurance and Mutual Funds), increased competition and thinning of Interest margins, the Indian Banking Industry had to redesign their bouquet of products and introduce marketing of third party products like Insurance and Mutual Funds, to increase fee based income.

MF distributors have been providing the much needed last mile connect with investors, this is not limited to just enabling investors to invest in appropriate schemes, but also in helping investors stay on course through bouts of market volatility and thus experience the benefit of investing in mutual funds.

MF industry is witnessing steady positive inflows, this is largely because of the 'hand-holding' of the investors by the MF distributors and convincing them to stay invested and/or invest at lower NAVs when the market had fallen.

MF distributors have also had a major role in popularising Systematic Investment Plans (SIP) over the years. Indian Mutual Funds have currently about 1.80 crore SIP accounts through which investors regularly invest in Indian Mutual Fund schemes. AMFI data shows that the MF industry had added about 9.26 lacs SIP accounts each month on an average during the FY 2017-18, with an average SIP size of about Rs. 3,300 per SIP account. Total amount collected through SIP during December 2017 was Rs. 6,222 crore.

To take forward this sentiment, our bank has entered into the Mutual fund distribution business and today we have a successful tie-up with few fund houses.

The Mutual Fund industry currently has 44 Fund houses with more than 2000 schemes spread across different categories. The AUM (Asset Under Management) of the Mutual fund industry closed at Rs. 21.27 lakh crore as on 31st December, 2017.

The fund houses with which our Bank has tie up are as follows:
Fund House
HDFC Mutual Fund
Reliance Mutual Fund
LIC Mutual Fund
L & T Mutual Fund

The forms of the various schemes of the fund houses are available at all our branches. For any further assistance you may visit our nearest branch or call the Customer Service Centre on our Toll Free Number - 1800229999
13e8289466d2e827e6384c743f278b9a savings account, loans, SME loans, NRI banking services, Forex, car loan, home loan, co-operative bank, trade finance