Taurus Mutual Fund and Punjab & Maharashtra Cooperative Bank have signed an agreement, in which Taurus will be distributing its schemes through the network of Punjab & Maharashtra Cooperative Bank. PMC is the youngest co-operative bank to achieve the status of SHCEDULED BANKS. It has a presence in many states across the country and has got around 90 branches all around the country.
The Managing Director of PMC Mr. Joy Thomas said “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 one of the fastest growing AMC in the country. It registered a 100% growth in the first quarter of this financial year. Presently it is managing the assets of more than Rs. 5000 crore and has got a presence in almost all the major towns and cities across India. Taurus has its representatives in many smaller locations with a vast network of Financial Distributors present all around the country.
The company Taurus Mutual Fund has got a good basket of some the best schemes covering almost all the categories and will be acquiring a greater market share in the near future. It is poised to become the most preferred investment hub for most of the investors.
Mr. Waqar naqvi the 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.”
Bell The Bull says: Taurus Mutual Fund has got a good basket of some the best schemes covering almost all the categories and will be acquiring a greater market share in the near future.