APN News

  • Wednesday, July, 2022| Today's Market | Current Time: 08:46:43
  • Taurus Mutual Fund Schemes to be distributed by Punjab & Maharashtra Co-operative Bank

    Published on September 7, 2011

    Mumbai: Taurus Mutual Fund has signed an agreement with Punjab & Maharashtra Cooperative Bank (PMC) for distribution of its schemes through the bank’s network. PMC has multi state presence with more than 90 branches across the country. It is the youngest co-operative bank to achieve SCHEDULED STATUS.

    Mr. Joy Thomas, Managing Director of PMC stated, “It has been our endeavour to offer to our customers financial products which suit their needs, under one roof. We are glad to have tied up with Taurus Mutual Fund which has performing schemes.”

    Taurus Mutual Fund is amongst the fastest growing AMCs in the country.  In the first quarter of the current financial year, it has registered over 100% growth. Today it manages assets in excess of Rs. 5000 crore and has a national presence across all major cities and towns, representatives in smaller locations and a vast network of Financial Distributors spread across the country.

    Taurus Mutual Fund has a good performing basket of schemes covering all categories and is poised to acquire greater market share and become a preferred investment avenue for the investors. Commenting on the tie-up, Mr. Waqar Naqvi, CEO of Taurus Mutual Fund said, ” I see it as a very important tie-up, not only because the Mutual Fund Business model is dependent on distributors but also because the PMC team led by their MD and Senior Management has shown a better understanding and commitment to promote Mutual Funds”. The bank also benefits in form of expanding their product offerings to their customers, under one roof”.

    Mr. Naqvi added, “The strength of our Fund House lies in our knowledge base and research. This allows us to innovate and pitch schemes, which are unique, meaningful and in line with the changing trends and needs of investors in this dynamic market”.

    SEE COMMENTS

    Leave a Reply