Principal MF Files Offer Document With SEBI

Principal MF has filed an offer document with SEBI for its Principal Money at Call Fund The investment objective of the scheme is to generate steady return by investing in debt and money market securities. The scheme will be available in two plans that are regular plan and institutional plan. Each of the plans will offer two options namely Growth and Dividend. Under normal circumstances, up to 100 % of the fund will be invested in debt instruments and money market instruments. The minimum application amount under regular plan will be Rs 10,000 and in multiples of Re 1 thereafter and Rs 1 crore under institutional plan and in multiples of Re 1 thereafter.