Kotak Mahindra Asset Management Company, one of India’s leading mutual fund houses, has entered into a distribution tie-up with Bank of Baroda.

Under the agreement, Bank of Baroda will offer the entire bouquet of Kotak Mutual Fund products from the bank’s branches.

Kotak AMC claims that with this tie-up, customers will gain easy access to company’s various schemes at the branches where they do their banking transactions. Therefore, the tie-up would help both partners in leveraging synergies and creating value for customers.

Kotak Mahindra AMC currently manages assets in excess of Rs 30000 crore contributed by over 10.69 lakh investors (as on 31st May, 2009).

In past, the company had signed similar agreements with Andhra Bank, Oriental Bank of Commerce and Central Bank of India.