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.
Read Also : Over 1000 RINL employees took out a rally for non-transportation of RINL’s most essential raw materialPPFAS 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.
Read Also : NTPC Emerges as Champion in AIMA’s Corporate Management OlympiadNews Must Read
- IREDA incorporates subsidiary in GIFT City, Gujarat
- NTPC Successfully Demonstrates 20% Torrefied Biomass Co-Firing
- NTPC Green Energy Limited Inks MoU with MAHAPREIT
- Canara Bank Q4 results, Net Profit up by 18.33% YoY
- Indian Coast Guard inks MoU with Jindal Steel for indigenous marine grade steel
- BPCL signs agreement with Noida International Airport
- Indian Bank Q4 results, net profit up by 6 percent on Quarter basis
- PSU Stocks tumbled amid RBI draft circular on lenders
- Paytm share price plunges 4% as president and COO Bhavesh Gupta resigns
- GAIL Global USA and Kinder Morgan Operating LLC signed MOU