Monday, July 23, 2007

Bank Of India Ties Up With ING Investment For MF Distribution

ING Mutual Fund belonging to ING Investment, world’s largest financial services provider has entered into a strategic alliance with Bank of India to distribute its mutual fund (MF) products.

Bank of India is targeting a fee-based income of Rs 1 billion during the current fiscal. The bank has taken various initiatives towards this objective and the tie-up with ING investment is a step forward. The bank had previously tied up with three other mutual funds.

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