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Andhra Bank ties up with Sundaram MF

CHENNAI: Andhra Bank will distribute the mutual fund schemes of Sundaram Mutual through its network of 1,643 business delivery channels across the country in a phased manner. This follows a memorandum of understanding (MoU) singed between the bank and Sundaram Asset Management Company here on Thursday. Andhra Bank has already been distributing products of Principal Mutual Fund, UTI Mutual Fund, SBI Mutual Fund and Tata Mutual Fund. T. P. Raman, Managing Director, Sundaram Mutual, said his organisation was keen to provide people in rural areas access to the capital market.

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