Principal PNB AMC in strategic alliance with Triveni
Principal PNB AMC on Thursday announced a strategic partnership with Triveni Kshetriya Gramin Bank for distribution of its mutual fund products.
By PTI |
MUMBAI: Principal PNB AMC on Thursday announced a strategic partnership with Triveni Kshetriya Gramin Bank for distribution of its mutual fund products.
Under the agreement, Triveni will distribute Principal PNB AMC's products across its network of branches in the country, a release issued here stated.
Principal PNB is one of the leading fund-houses in the country, managing assets in excess of Rs 14,000 crore with an investor base of over 8,10,000 investors.
Triveni Kshetriya Gramin Bank is based in Uttar Pradesh and has a network of 208 branches with a total business volume of over Rs 1,900 crore.
Principal PNB AMC's Business Head, Rajan Krishnan, said in the statement that, "today, mutual funds are increasingly becoming a preferred vehicle for investors to channelise their savings and benefit from the growing Indian economy."
"Our strategic alliance with Triveni Kshetriya Gramin Bank will give the banks' customers easy access to invest in the various schemes that we offer," he added.
Under the agreement, Triveni will distribute Principal PNB AMC's products across its network of branches in the country, a release issued here stated.
Principal PNB is one of the leading fund-houses in the country, managing assets in excess of Rs 14,000 crore with an investor base of over 8,10,000 investors.
Triveni Kshetriya Gramin Bank is based in Uttar Pradesh and has a network of 208 branches with a total business volume of over Rs 1,900 crore.
Principal PNB AMC's Business Head, Rajan Krishnan, said in the statement that, "today, mutual funds are increasingly becoming a preferred vehicle for investors to channelise their savings and benefit from the growing Indian economy."
"Our strategic alliance with Triveni Kshetriya Gramin Bank will give the banks' customers easy access to invest in the various schemes that we offer," he added.
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