UTI MF Forges Alliance With Citibank

UTI Mutual Fund and Citibank have forged a strategic tie-up for distribution of UTI MF schemes. Under the agreement, Citibank will offer the entire bouquet of UTI MF's schemes across the bank's branches. UTI MF has assets under management of Rs 52,180 crore and investor accounts of over 8 million under its 76 domestic schemes (as of 30 November 2007).