AN OPPORTUNITY TO ACHIEVE YOUR FINANCIAL GOALS
In an endeavor to enlarge the range of services available to our customers, since 2004 and 2006 Punjab National Bank from its designated branches has been distributing the products of,
Besides the above existing tie-ups, recently Bank has tied-up with four new Mutual fund Asset Management Companies:
Mutual funds industry at a glance !
Mutual funds have gained rapid popularity as a good investment vehicle and public at large is attracted towards MF investment, which has variety of schemes and income options offered by Mutual Funds which can suit the financial preferences of all classes of investors, be it Retail, Corporate or Institutional.
The robust performance of the industry comes on the back of growing investor awareness and increased investments in Systematic Investment Plans (SIPs). AMFI data shows that the Mutual Fund industry had added about 9.31 lacs SIP accounts each month on an average during the FY 2018-19, with an average SIP size of about Rs. 3,150 per SIP account.Indian Mutual Funds have currently about 2.57 crore (25.7 million) SIP accounts through which investors regularly invest in Indian Mutual Fund schemes.
The Mutual Fund Industry’s AUM (Asset Under Management) has grown from Rs. 9.03 trillion as on 31st January, 2014 to Rs. 23.37 trillion as on 31st January, 2019, more than 2 ½ fold increase in a span of 5 years !!
The total number of accounts (or folios as per mutual fund parlance) as on January 31, 2019 stood at 8.10 crore (81 million), while the number of folios under Equity, ELSS and Balanced schemes, wherein the maximum investment is from retail segment stood at 6.82 crore (68.2 million).
The following benefits, intrinsic to investments in Mutual Funds have inspired greater confidenceamongst the investors :-
Range Of Schemes
Mutual Funds offer schemes keeping in view the risk profile and risk-return preferences of investors.
For an aggressive investor with appetite for risk: Equity oriented schemes are available which have a higher potential for capital appreciation.
For a conservative investor with expectations of stable returns and low risk, Income Schemes are available.
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Mutual Funds Investments are subject to market Risk. Read all scheme related documents carefully before investing. For more details on risk factors, terms and conditions please read scheme related documents carefully before investing.Contract will be between Investor & Mutual Fund Asset Management company and not between Investor & the Bank. Punjab National Bank is a distributor of above mentioned Mutual Fund Asset Management companies having (Association of Mutual Funds in India) AMFI code 8418.