Central Bank of India has entered into a distributorship agreement with HSBC Asset Management (India) Private Limited. This collaboration aims to distribute HSBC’s mutual fund products to Central Bank of India’s customers, offering them enhanced investment opportunities. This arrangement allows the bank’s customers to potentially unlock value through various mutual fund offerings. HSBC AMC’s daily average AUM was Rs.1,38,654 crore in Dec 2025.
Partnership with HSBC Asset Management
Central Bank of India has officially announced a new distributorship agreement with HSBC Asset Management (India) Private Limited. The partnership, effective from January 31, 2026, will enable the bank to offer HSBC’s range of mutual fund products to its customer base.
Strategic Rationale
This agreement is designed to provide Central Bank of India’s customers with access to a wider array of investment options, leveraging HSBC Asset Management’s expertise in the mutual fund sector. The collaboration seeks to enhance customer value by offering diverse investment solutions tailored to various financial goals.
HSBC Asset Management Overview
HSBC Asset Management (India) Private Limited was established in 2001. HSBC AMC was appointed as the asset management company for HSBC Mutual Fund (HSBC MF). HSBC MF was established as a trust under the Indian Trusts Act, 1882. HSBC AMC acquired L&T Investment Management Limited (LTIM) in November 2022. HSBC AMC’s daily average AUM was Rs.1,38,654 crore in Dec 2025.
Source: BSE
