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Karnataka Bank, Birla Sun Life Asset Management sign distribution agreement

Karnataka BankLtd. signed a memorandum of understanding with Birla Sun Life AssetManagement Co. Ltd. for the distribution of mutual fund products.

Under the agreement, Karnataka Bank will distribute variousfunds of Birla Sun Life Asset Management at its branches across India, thelender said Sept. 28.

Birla Sun Life Asset Management, the investment manager ofBirla Sun Life Mutual Fund, is a joint venture between India's Aditya BirlaGroup and Canada's Sun LifeFinancial Inc.