To enhance its distribution reach, Principal PNB AMC has entered into a strategic alliance with South Indian Bank Ltd to distribute all its mutual fund products. As per the agreement, South Indian Bank will offer the entire bouquet of Principal PNB AMC’s products across its network of branches in the country.

Speaking on the occasion Mr. M Valsan, Executive Director, South Indian Bank Ltd said, “With the signing of the distribution agreement with Principal PNB AMC, South Indian Bank Ltd. has taken another step towards offering a wealth management solution to meet the savings needs of its valued customers. We are committed to bringing our customers a wide range of financial products in keeping with their financial goals. With our distribution tie- up with Principal PNB AMC, our customers will get easier access to Principal mutual funds.”

Mr. Rajan Ghotgalkar, Managing Director, Principal PNB AMC added, “Mutual funds are increasingly becoming a preferred investment avenue for retail investors as they offer everything an investor looks for: easy availability, risk management, liquidity, transparency, professional management and benefit from the growing Indian economy by earning consistent returns. Our strategic alliance with South Indian Bank further endorses our commitment to provide retail investors with quality investment and retirement solutions. The tie-up will allow the bank’s customers to get easy access to invest in our various schemes at the branches where they do their banking transactions.

Sourced From: LINOpinion – The Lintas Public Relations Division

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