Taurus MF products to be distributed by Bajaj Allianz
Published on Tue, Aug 26, 2008 at 17:58 | Source : Moneycontrol.com
Updated at Tue, Aug 26, 2008 at 19:38
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Taurus MF products to be distributed by Bajaj Allianz
Taurus MF announced that it had entered into a product distribution tie up with Bajaj Allianz Financial Distributors Limited. Under this agreement, Bajaj Allianz would distribute all products of Taurus fund through its 5500 strong agency force
Taurus MF announced that it had entered into a product distribution tie up with Bajaj Allianz Financial Distributors Limited (BAFDL) today. Under this agreement, Bajaj Allianz would distribute all products of Taurus fund through its 5500 strong agency force.
Speaking at a glittering function at Kolkata to announce the partnership, Mr Waqar Naqvi, CEO Taurus MF said "We are glad to have tied up with a reputed brand like Bajaj Allianz. This partnership will go a long way in creating wealth for the common investor by offering them tailor made financial planning solutions".
Commenting on the tie-up, J.K.Bhagat, CEO, Bajaj Allianz Financial Distributors Limited said,"We wanted to partner brands that symbolized performance and trust and was in harmony with our business objectives. Taurus MF fitted the bill perfectly and we are extremely positive on the future of this relationship. We plan to deploy the existing three lakh insurance agents by training them in the mutual fund business. This would provide us the requisite synergy for becoming a full service financial planning service provider".
This tie up is expected to exponentially broaden the reach of Taurus MF in one stroke.
