Date : Nov-21-2008 Principal Pnb Mutual Fund has launched Principal Pnb Fixed Maturity Plan -91 Days - Series XIX on 20 November 2008. The new issue will be open for the subscription till 24 November 2008. The NFO price for the fund is Rs 10 per unit. It is a close-ended debt scheme. The date of allotment is 25 November 2008 and date of Maturity will be 23 February 2009. The investment objective of the scheme is to build an income-oriented portfolio and provide returns along with regular liquidity to investors.
The scheme offers two plans, regular and institutional plan with growth and dividend options. The dividend option under both plans will further offer dividend payout and sweep facilities. The minimum investment amount under regular plan is Rs. 1,000. And under institutional plan, the minimum investment amount is Rs. 5 lakh. Ritesh Jain will be the fund manager for the scheme. The performance of this scheme will be benchmarked against the Crisil Liquid Fund Index. No entry load will be charged during the New Fund Offer of the scheme. The scheme will charge 1% as an exit load if redemption is done from first NAV to maturity.
The scheme offers two plans, regular and institutional plan with growth and dividend options. The dividend option under both plans will further offer dividend payout and sweep facilities. The minimum investment amount under regular plan is Rs. 1,000. And under institutional plan, the minimum investment amount is Rs. 5 lakh. Ritesh Jain will be the fund manager for the scheme. The performance of this scheme will be benchmarked against the Crisil Liquid Fund Index. No entry load will be charged during the New Fund Offer of the scheme. The scheme will charge 1% as an exit load if redemption is done from first NAV to maturity.
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