Punjab & Maharashtra Cooperative Bank and Taurus Mutual Fund have joined hands to distribute mutual fund products through the bank branches.
“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,” Punjab & Maharashtra Cooperative Bank Managing Director, Joy Thomas, said in a release.
The scheduled bank will sell the products through its 90 branches across the country.
“I see it as a very important tie-up…because Punjab & Maharashtra Cooperative Bank has shown a better understanding and commitment to promote MFs,” Taurus Mutual Fund Chief Executive Waqar Naqvi said.
According to the Association of Mutual Funds in India (AMFI), Taurus Mutual Fund Managed Rs 5,021.23 crore worth assets as of June 30.