Principal Mutual Fund has made announcement that the company has inked an alliance deal with United Bank of India, a leading public sector bank, for distribution of its products through the bank’s branch network.

While commenting on the deal, Mr.Sudipto Roy, Business Head, Principal Mutual Fund remarked, “We are happy to partner with United Bank of India, one of the trusted names in the banking industry, and this alliance will help us enhance the accessibility of our products. Mutual funds still constitute a small percentage of an investor’s savings and the future growth lies in expanding that share and reach out to a larger number of investors in a cost effective manner.”

On the other hand, Mr.S.Biswas, G.M. (Marketing & New Initiative), United Bank of India, stated, “We are committed to offering our clients the best of products and services. Our partnership with Principal Mutual Fund will enable us to offer more quality funds to our customers. This will benefit our customers, as they will have more choice and opportunities to diversify their portfolio in accordance with their financial needs.”