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Indian Bank, Fisdom tie up for portfolio management
October 14, 2021
Indian Bank on Wednesday said it has added a host of new digital wealth management products the board items on its mobile banking application in organization with Fisdom, a fintech organization that offers financial products, like mutual funds, insurance, and National Pension Scheme (NPS) on its platform.
The two had reported an association in June this year to offer investment services for mutual funds and NPS to the bank’s 10 crore clients.
In the second phase, declared today, bank’s clients will invest in pension funds and advanced gold and even file income tax returns online. The bank’s HNI clients will want to get to complex and customized products, like Portfolio Management Services (PMS) and Alternate Investment Funds (AIF), as per the official statement.
“We are excited to expand our partnership with Indian Bank with the addition of more products that would assist us to provide a holistic wealth management experience to our clients,” said Anand Dalmia, prime supporter, Fisdom.
Indian Bank is the seventh-biggest public sector bank in India, following the merger with Allahabad Bank.
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