UTI Mutual Fund has signed an agreement with Canara Bank Securities for the distribution of its mutual fund schemes, Financial Chronicle reports. As part of the deal, Canara Bank Securities will make available several schemes of UTI Mutual Fund via its online platform.
The wholly owned subsidiary of Canara Bank provides online trading facility via its portal Canmoney in the cash, futures and options and currency derivatives segment. It also offers online investment facility in IPOs/FPOs and an array of schemes of several mutual funds.
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