The
Fidelity, which entered India two years ago, said its tie-up with the government-run
Currently, the U.S.-based mutual fund giant offers about a dozen mutual funds to India investors. Fidelity Equity Fund is its flagship product and posted a 55% return in the past year. The bank has an estimated 90 million customers.
“We are delighted to partner with State Bank of India to take our products out to a larger number of investors,” said Ashu Suyash, the head of Fidelity Fund Management (India).