UTI-MF to launch mobile-based transactions

Internet banking seems to be passe as now people are finding mobile transactions quite easy. Keeping this in mind, UTI-MF is all set to launch a mobile-based transaction facility by tying up with many leading mobile operators.

This service will enable its users buy and sell mutual fund in their company. According to the reprts, the company plans to strengthen its distribution network.

The company is already using the mobile phone services to give out information related to location of branches and calculation of SIP investments to its customers