Principal Mutual Fund and Bajaj Allianz Financial Distributors have announced their alliance for distribution of Principal Mutual Fund's products.

Both companies did not divulge the financial details of their collaboration.

Commenting on the tie up, Mr. Sudipto Roy, Business Head of Principal Mutual Fund stated, “this partnership will help us enhance the accessibility of our products across the country. Distribution is crucial to the growth of mutual funds in the country.”

In order to provide holistic advice to customers, Bajaj Allianz working with its agency network to train a growing number of agents to be AMFI-certified.