DSP BlackRock Investment Managers has signed a distribution agreement with United Bank of India as part of its initiative to expand retail distribution of DSP BlackRock Mutual Fund schemes. United Bank of India will distribute DSP BlackRock Mutual Fund schemes through its net work of branches spread across the country.
The MOU was signed and exchanged at a function held in Kolkata by Shri A. Nanda, General Manager-UBI & Mr. S. Naganath, President & Chief Investment Officer, DSP BlackRock Investment Managers. The program was also graced by the presence of Shri Bhaskar Sen, Chairman & Managing Director –United Bank of India.
S. Naganath, President and Chief Investment Officer, DSP BlackRock Investment Managers said “Mutual Funds, as an investment avenue, are becoming increasingly popular with retail investors. Offering advice on Mutual Fund investments is an extension of the value added services that are offered by banks. We are delighted to have a distribution agreement with United Bank of India for the distribution of DSP BlackRock Mutual Fund schemes and look forward to a long and fruitful relationship.”
Speaking on the occasion Shri Bhaskar Sen said that “United Bank has always been committed towards offering newer products to its esteemed customers. He further mentioned that Mutual Funds’ distribution through Bank helps the Bank to provide its customers a wider range of investment options, other than normal banking products. Further, it also gives a boost to the Non-Interest Income of the Bank.” He also mentioned that “Keeping in view the volatility of the stock market, the bank offers/distributes SIP Mode of Mutual Funds investment to its customers, which is much safer mode of investing into any Mutual Fund scheme.”