Central Bank of India has entered into a distributorship Agreement with PPFAS Asset Management Company for distribution of their Mutual Fund Products to its customers on Do it yourself (DIY) model. The participation by both the entities in this arrangement will result in offering the customers of Central Bank of India, an opportunity to unlock the value of their savings through various mutual fund products offered by PPFAS Asset Management Company.
PPFAS Asset Management Company (PPFAS AMC) has been promoted by Parag Parikh Financial Advisory Services, 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 crore of AUM as on February 29, 2024.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.
