Central Bank of India to distribute Mutual Fund Products in DIY model

Central Bank of India to distribute Mutual Fund Products in DIY model

New Delhi: The Central Bank of India on Tuesday informed that the Bank has entered into a distributorship Agreement with PPFAS Asset Management Company Limited for the distribution of its Mutual Fund Products to its customers on Do it yourself (DIY) model.

The participation by both entities in this arrangement will result in offering the customers of the Central Bank of India, an opportunity to unlock the value of their savings through various mutual fund products offered by PPFAS Asset Management Company Ltd.

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PPFAS Asset Management Company Ltd. (PPFAS AMC) was promoted by Parag Parikh Financial Advisory Services Pvt. Ltd., and incorporated in year 2011 is in the asset management space offering Mutual Fund Products under six schemes. Overall, the Fund House handles over Rs. 66,000 crores of AUM as on 29th February 2024.

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