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JK Bank -Mutual Fund Tie
Ups
Role of J&K Bank in Mutual
Funds
J&K Bank has entered into tie-ups with reputed Asset Management
Companies for distribution of Mutual Fund products.
Mutual Fund industry is one of the fastest growing segments in
financial services in India. Over the years, banks in India have
emerged as the biggest distributors of financial products. This
has helped the banks to capture and retain their huge client base
and simultaneously adding a steady stream of fee based income.
Mutual Funds have become an attractive proposition for investors
in the current context and for J&K Bank it will be a good investment
option to have in our product portfolio. This shall be an important
step towards converting the bank branch into a financial supermarket
addressing all the financial needs of the customers thus helping
the bank retain the customers within its fold.
Moreover the branch can augment its fee based income the Bank aims
to match to industry standards.
The AMCs with which the Bank has entered into an arrangement are: UTI,Kotak and Reliance Mutual Fund. The Bank
shall undertake distribution of their current schemes as well as
NFO (New Fund Offer) as and when the AMC comes up with the same.
