Central Bank of India has announced a distributorship agreement with HSBC Asset Management (India) Private Limited to offer mutual fund products to its customers. This collaboration aims to provide Central Bank of India's customers with opportunities to invest in various mutual fund schemes offered by HSBC Asset Management. HSBC Asset Management (India) Private Limited, established in 2001, manages the mutual fund business of HSBC Mutual Fund. The company acquired L&T Investment Management Limited in November 2022. As of December 2025, HSBC AMC reported a daily average Assets Under Management (AUM) of ₹1,38,654 crore.
