Principal Mutual Fund (formerly known as IDBI-Principal Mutual Fund) has entered into an alliance with The Shamrao Vithal Co-operative Bank for distribution of its products through the bank’s branch network.

Over the years, Principal Mutual Fund has developed a strong expertise in the bancassurance space by working closely with its Channel Partners, and its look forward to sharing these learning skills and best practices with The Shamrao Vithal Co-operative Bank.

The alliance will help bank to distribute world-class products and also enable it to serve its customers better.