Mumbai: In a strategic move to expand its wealth management offerings, Central Bank of India (CBI) has signed a distribution agreement with HSBC Asset Management (India) Private Limited to provide mutual fund products to its customers. The partnership aims to offer customers a wider range of investment options, helping them unlock the value of their savings through professionally managed mutual fund schemes.
Collaboration to Enhance Investment Opportunities
Under this new agreement, Central Bank of India will distribute HSBC Asset Management’s mutual fund products to its customers across branches and digital platforms. This collaboration allows CBI customers to access a variety of mutual fund solutions tailored to meet their long-term financial goals, including equity, debt, and hybrid funds.
Bank officials highlighted that the partnership is part of CBI’s ongoing efforts to strengthen retail investment and wealth management services, empowering customers to grow their wealth efficiently.
Positive Market Response
Following the announcement, Central Bank of India shares rose by 2.12%, closing at ₹37.49 on the BSE on Friday. Investors responded positively to the news, signaling confidence in the bank’s expanded retail investment offerings.
About Central Bank of India
Central Bank of India is a leading state-owned bank with a wide network of branches across the country, offering a full spectrum of banking and financial services to retail, corporate, and rural customers.
HSBC Asset Management (India) Private Limited is a trusted mutual fund and investment management company, providing a diverse range of schemes and wealth management solutions to Indian investors.
About HSBC Asset Management (India)
HSBC Asset Management (India) Private Limited was established in 2001 and manages the mutual fund business of HSBC Mutual Fund (HSBC MF). The mutual fund operates as a trust under the Indian Trusts Act, 1882, with HSBC Securities and Capital Markets (India) Private Limited as the sponsor.
In November 2022, HSBC AMC acquired L&T Investment Management Limited (LTIM), significantly expanding its assets under management (AUM). As of December 2025, HSBC AMC reported a daily average AUM of ₹1,38,654 crore, reflecting its strong presence in the Indian mutual fund sector.
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