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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,

Principal Asset Management Pvt. Ltd
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UTI Asset Management Company Limited.
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Besides the above existing tie-ups, recently Bank has tied-up with four new Mutual fund Asset Management Companies:

LIC Mutual Fund Asset Management Ltd.
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Nippon Life India Asset Management Limited (Formerly known as Reliance Nippon Life Asset Management Limited)
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Tata Asset Management Ltd.
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Aditya Birla Sun Life Mutual Fund
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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 :-

PNB Mutual Fund

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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PNB Mutual Fund FAQ


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.

Disclosures – Mutual Fund Commissions

Following are the details of the commission earned by Punjab National Bank from various fund-houses:

Income earned from Mutual funds through commission, brokerage
Fund Category Trail year 1 onwards
All Equity and balanced funds* 0.00% to 1.60%
Index Funds 0.00% to 0.50%
ELSS/ Tax saving funds 0.00% to 1.25%
Arbitrage Funds 0.00% to 0.60%
All Debt funds** 0.00% to 1.30%
Liquid funds 0.00% to 0.50%

* All equity funds includes flexi cap funds, Aggressive Hybrid, large, mid & small cap funds, international funds etc

** All debt funds includes Gilt, Income, short term & corporate bond funds, floating rate funds etc

^ Product providers share commission on trial only basis. The above rates are on annualized basis

For investors in Mutual Funds from B-30 locations, an additional commission of 0%-1.5% will be paid from AMC’s

The disclosure is in accordance with SEBI circular no SEBI/IMD/CIR No. 4/ 168230/09 and RBI circular no DBOD.No.FSD.BC.60/24.01.001/2009-10 dated 16/11/2009

Asset Management Company (AMC) may change rates, periodically etc. of commission /trail commission in case of change in regulations / expense ratio and any other factors which have an impact.

Punjab National Bank offers only Regular Plans in Mutual Funds. Details of Scheme level commission on Mutual funds are available with the Relationship Managers and would be produced on demand.

Punjab National Bank acts a distributor of Mutual Funds wherein it distributes products of various mutual funds.

If you need any further information on the same, please reach us at

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