Considering the changes in Indian demographics (more than 70%of the population below the age of 35), changes in investment pattern (rising disposable incomes created a huge potential for investment in Insurance and Mutual Funds), increased competition and thinning of Interest margins, the Indian Banking Industry had to redesign their bouquet of products and introduce marketing of third party products like Insurance and Mutual Funds, to increase fee based income.

MF Distributors have been providing the much needed last mile connect with investors,  this is not limited to just enabling investors to invest in appropriate schemes, but also in helping investors stay on course through bouts of market volatility and thus experience the benefit of investing in mutual funds.
MF Industry is witnessing steady positive inflows, this is largely because of the ‘hand-holding’ of the investors by the MF distributors and convincing them to stay invested.

MF distributors have also had a major role in popularising Systematic Investment Plans (SIP) over the years. Indian Mutual Funds have currently about 3.23 crore SIP accounts through which investors regularly invest in Indian Mutual Fund schemes. AMFI data shows that the MF industry had added about 9.55 lakh SIP accounts each month on an average during the FY 2020-21, with an average SIP size of about Rs. 2,800 per SIP account. Total amount collected through SIP during June 2020 was Rs. 7,917 crore.

Our bank has entered into the Mutual fund distribution business and today we have a successful tie up with few fund houses.
The Mutual Fund industry currently has 44 Fund houses with more than 2500 schemes spread across different categories. The AUM (Asset Under Management) of the Mutual fund industry closed at Rs. 25.48 lakh crore as on 30th June, 2020.

The fund houses with which bank has tie up are as follows:
Fund House
HDFC Mutual Fund
Nippon India Mutual Fund
LIC Mutual Fund
L & T Mutual Fund
Aditya Birla Sun Life Mutual Fund
ICICI Prudential Mutual Fund

Commission and Other Disclosures

The forms of the various schemes of the fund houses are available at all our branches. For any further assistance you may visit our nearest branch or call the Customer Service Centre on Toll Free Number 1800229999 and 18002665555.

Mile yahan, Dono Jahan

True to its new tag line, "Mile Yahan Dono Jahan", Saraswat Bank is committed to bridging the gap between technology and tradition by bringing to its customers the best of both worlds.

Keeping tradition intact and embracing technology, the Bank has matched strides with India's digital revolution by offering various digital banking services designed to make banking more easy and convenient like mobile banking, internet banking, international VISA EMV and RuPay chip cards, etc. Simultaneously, through its emphasis on personalized attention, the Bank has maintained its personal touch with customers. Agility of the small bank with the ability of the large bank has been Saraswat Bank's enduring heritage new.

Contact Saraswat Bank

Corporate Office
Saraswat Co-operative Bank Limited
Ekanath Thakur Bhawan 953, Appasaheb Marathe Marg, Prabhadevi. Mumbai- 400 025
Tel: [+91] (022) 6600 5555