by Suman Gupta
Mumbai, December , 2023: Baroda BNP Paribas AMC and Nainital Bank Ltd (NBL) signed an Agreement for the distribution of mutual fund products in the presence of by Sh. Yogesh Sharma, Head – PSU Channel, Baroda BNP Paribas AMC, Sh. Nikhil Mohan, MD & CEO of Nainital Bank Ltd and senior officials from both organizations.
The agreement will enable NBL to offer a wide range of mutual fund products to its customers, including equity funds, Fixed Income funds, and Hybrid funds. This will help NBL to meet the growing needs of its customers and provide them with a wider range of investment options. The partnership will enable Baroda BNP Paribas AMC to serve NBL’s customer base covering all 5 states across its 169 branches.
Speaking on the occasion, Suresh Soni, CEO – Baroda BNP Paribas AMC, said “We are committed to providing investment solutions to the under-served sections of the society and delighted to partner with NBL. NBL has a rich legacy of over 100 years serving customers in north India. Our partnership with NBL will help us to reach out to more customers in rural and semi-urban areas and to offer them the benefits of investing in mutual funds.”
Sh. Nikhil Mohan, MD & CEO of Nainital Bank Ltd said, “We are happy to partner with Baroda BNP Paribas MF to distribute their mutual fund products. This partnership will help us to offer our customers a wider range of investment options and to meet their growing financial needs.”
About Baroda BNP Paribas Mutual Fund: Baroda BNP Paribas Mutual Fund is managed by Baroda BNP Paribas AMC, a strategic partnership between Bank of Baroda and BNP Paribas Asset Management, a part of the BNP Paribas Group.
Baroda BNP Paribas Mutual Fund offers 34* schemes across equity, hybrid, debt and overseas fund of fund categories. It aims to leverage the wide network of Bank of Baroda and its know-how of the India market with the global expertise of BNP Paribas Asset Management to offer high quality investment solutions. Baroda BNP Paribas Mutual Fund has strong nationwide presence across 120* towns and cities and has a vision to create a positive impact on people’s lives by delivering sustainable value for their investments.
About Nainital Bank Ltd: The Nainital Bank Limited was established in the year 1922 with the objective to cater banking needs of the people of the region. In the year 1973, Reserve Bank of India directed Bank of Baroda, a premier nationalized bank, to manage the affairs of the Nainital Bank Limited.
At Present, The Bank is having 168 branches operating in five states i.e. Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan.
All the branches of the Bank are operating on the CBS platform. Bank is also providing RTGS, NEFT, SMS Alerts, RuPay ATM cum Debit Card, NainiNet Internet Banking and Mobile Banking facilities to its customers.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
