Principal PNB AMC’s alliance with Triveni Kshetriya Gramin

Today, Principal PNB AMC announced that it has entered into a strategic partnership with Triveni Kshetriya Gramin Bank for distribution of all Principal PNB AMC’s mutual fund products. Under the agreement, Triveni Kshetriya Gramin Bank will distribute Principal PNB AMC’s products across its network of branches in India. 

Principal PNB is one of the leading fund houses in India, managing assets in excess of Rs. 14,000 crores with an investor base of over 8,10,000 investors. Triveni Kshetriya Gramin Bank (Sponsor Bank - Allahabad Bank), based in Orai, Uttar Pradesh has a network of 208 branches with total business volume of over Rs 1900 crores.

Mr. Rajan Krishnan, Business Head, Principal PNB AMC said, “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. This alliance will further endorse our commitment to the retail investors of our country.” 

Sourced From: LINOpinion - The Lintas Public Relations Division