In its near 20-year history, this fund house has seen several banks being the sponsors or partners over the years. The Principal pedigree is yet to reflect in fund performance, though the fund house stresses on its fiduciary responsibilities towards investors and has ensured a high quality investment portfolio, risk management and regulatory compliance. The PnB reach is something that has helped this fund house reach out to a wider base in the country though fund performance is still some way to go for investor confidence to rise in its offerings. The AMC is attempting to balance the asset gathering and asset management roles to find more investors.
This article was originally published on January 30, 2014.
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