Tamilnad Mercantile Bank (TMB) has signed a memorandum of understanding (MoU) with HDFC Mutual Fund, Financial Chronicle reports. As per the agreement, mutual fund products will be marketed and distributed through authorized branches of TMB. HDFC Mutual Fund provides various products across assets and risk categories to allow investors to invest in line with their investment objectives and risk taking capacity. TMB has already tied-up with five mutual fund fiem, ICICI Prudential Mutual Fund, UTI Mutual Fund, Reliance Mutual Fund, Franklin Templeton Investments and Birla Sun Life Mutual Fund.
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