Central Bank of India enters into distributorship agreement with PPFAS AMC

Central Bank of India has entered into a distributorship Agreement with PPFAS Asset Management Company Limited 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 Ltd.

PPFAS Asset Management Company Ltd. (PPFAS AMC) has been 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.

Shares of Central Bank of India was last trading in BSE at Rs. 58.44 as compared to the previous close of Rs. 59.50. The total number of shares traded during the day was 1665244 in over 7518 trades.

The stock hit an intraday high of Rs. 60.74 and intraday low of 57.85. The net turnover during the day was Rs. 98606114.00.

Source : Equity Bulls

Keywords

CentralBankofIndia INE483A01010 DistributorshipAgreement PPFASAMC DIYModel PPFASMutualFund