NEWS & ADVICE : FIXED DEPOSITS
51 new branches launched by SBI Mutual Fund
By Neelima Shankar
Jan 28, 2014
Print    Email    RSS   

In order to enhance the circulation of mutual fund across the rural parts of the country, SBI mutual Fund launched 51 new branches in day. The fund acquires for about Rs 65,000 crore assets under management.

Managing director of SBI mutual fund reported that they want to reach out the people in towns where the people are lacking in these facilities and provide them something other than fixed deposits and saving accounts.

The products of SBI fund will be an offer for the customers, the company will assure that they guide the customers about the risks associated with the products. Initially they will begin with providing liquidity scheme to the customers, fixed maturity plans and capital protection. Fund has established 55 new branches since September 2012, but has not received a good response.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Recurring deposits: to the benefit of the...
Do you know what led banks to calibrate...
Haven’t filed a return of your income?...
FD: Opportunity for retirees to diversify...
Should you preclose your current FD for...


Reg deduction of TDS on interest income exceeding...
If a senior citizen invests 10 lacs in Annuity...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive