HDFC Mutual Fund and state-run lender Syndicate Bank have announced an alliance under which HDFC's products would be sold through the bank's branches.

Commenting on the tie-up, Syndicate Bank Chairman and Managing Director M G Sanghvi said, "it is our privilege to be associated with HDFC AMC to offer their superior schemes to our customers. This will help us shore up our fee income."

HDFC Asset Management Company managing director Milind Barve said, "the agreement with Syndicate Bank will give us an opportunity to tap customers across the bank's 2,700-plus network in the country and further strengthen our reach."

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