Principal Pnb MF has unveiled a new fund called Principal Pnb FMP 90 days-Series I and it is a close-ended debt scheme offering Fixed Maturity Plan. The investment objective of the Scheme is to seek to build an income oriented portfolio and generate returns through investment in Debt / Money Market Instruments and Government Securities. The Scheme will have two Investment Plans viz. Regular Plan and Institutional Plan with growth and dividend options under each plan. The Regular Plan and Institutional Plan will share a common portfolio. Further, the dividend option under both plans will have the facility of Payout and Sweep. The fund will invest 0%-100% in debt securities (including securitized debt) and money market instruments. It will have an investment of 0-100% in government securities.
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