Friday, November 9, 2007

HDFC Mutual Fund launches ATMF - 2002

HDFC Mutual Fund launches ATMF

MUMBAI: HDFC Mutual Fund today launched country’s first-ever mutual fund service to enable investors to buy and sell mutual fund units through automatic teller machines (ATMs).

Announcing the launch of Any Time Mutual Fund (ATMF), HDFC Asset Management Co Ltd’s Managing Director Milind Barve said HDFC Mutual Fund has tied up with HDFC Bank Ltd and ICICI Bank Ltd to deliver the service to investors.

The facility will be available in over 200 ATM centres in Mumbai and adjoining Thane district and subsequently will be launched throughout the country in 1,600 HDFC Bank and ICICI Bank ATM centres, Mr Barve said.

News Agency: UNI


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