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Our Bureau

Mumbai Aug. 20 Principal Mutual Fund has entered into an alliance with The Shamrao Vithal Co-operative Bank Ltd for distribution of its mutual fund 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 our channel partners, and we look forward to sharing these learnings and best practices with The Shamrao Vithal Co-operative Bank,” said Mr Sudipto Roy, Business Head, Principal Mutual Fund.

Principal Mutual Fund managed assets of Rs 11,359.22 crore as on July 31, 2008.

The Shamrao Vithal Co-operative Bank Ltd operates through 67 branches, a press release said.

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