Principal Mutual Fund ties-up with United Bank of India

MUMBAI: Principal Mutual Fund entered into an alliance with United Bank of India, a public sector bank for distribution of its products through the bank's branch network.

Sudipto Roy, business head, Principal Mutual Fund said, "this alliance will help us enhance the accessibility of our products.

Mutual funds still constitute a small percentage of an investor's savings and the future growth lies in expanding that share and reach out to a larger number of investors in a cost effective manner."