BUSINESS

IOB to distribute Chola MF products

CHENNAI: Chola Mutual Fund has entered into a memorandum of understanding with Indian Overseas Bank under which the bank will distribute the entire range of Chola Mutual Fund schemes. Addressing presspersons here on Friday, T. S. Narayanasami, Chairman and Managing Director of the bank said this initiative was a major step to provide complete financial solutions to the bank customers. According to Sashi Krishnan, Chief Executive, Chola Mutual Fund, the banking channel was the largest distribution channel for financial and mutual fund products and the association with the Indian Overseas Bank would help to reach out to the retail investors.

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