RETAIL FUNDS | Cesar Tordesillas, India

Dena agrees to distribute Shinsei products

Dena Bank will distribute Shinsei Mutual Fund schemes through its network of branches spread across the country. This is based on Dena Bank's distribution agreement with Shinsei Asset Management India Pvt. Ltd.

Mr. D.L. Rawal - CMD, Dena Bank and Mr. Sanjay Sachdev - Vice Chairman, Shinsei Asset Management India Pvt. Ltd. made this joint announcement at a function held in Mumbai.

"The signing of our Agreement with Shinsei Asset Management is a significant event for our Bank, which shall increase the business opportunities for the Bank as well as Shinsei Mutual Fund," stated Mr. D.L. Rawal - CMD, Dena Bank at a joint announcement held in Mumbai.

"With this strategic tie-up, our Bank would be able to market the products of Shinsei Mutual Fund also through our branches, in addition to the products of our existing Mutual Fund partners, and thus it provides our customers with more investment options," he added.
"We are extremely pleased to announce this distribution tie-up. The extensive network of nearly 1100 Dena Bank branches across India would allow us an opportunity to reach out to a wider base of investors," said Mr. Sanjay Sachdev - Vice Chairman, Shinsei Asset Management India Pvt. Ltd.,
Mr. Piyush Surana, Chief Executive Officer, Shinsei Asset Management (India) Pvt. Ltd, speaking separately, said: "The Indian mutual funds industry is set to grow exponentially and we believe this association will enable us to maximize our opportunities going forward."

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