Principal MF Revises Its Load Structure

Principal Mutual Fund has revised the load structure of its two scheme that are Principal Balanced Fund and Principal Child Benefit Fund - Career Builder Plan. From 9 July 2007 onwards, the fund will start charging the revised load structure.

At present, the Principal Balance Fund is charging entry load of 2.25% for investment less than 30 million. There is no exit load charged for the scheme. But as per the revision there will be an exit load of 0.50% if the units are redeemed before 180 days from the date of allotment. The entry load will remain unchanged.

Principal Child Benefit Fund - Career Builder Plan charges an entry load of 2.25%. It charges an exit load of 3% if the units are redeemed before the expiry of 3 years from the date of allotment. If the units are redeemed after the expiry of 3 years but before the expiry of 5 years, from the date of allotment, there will be an exit load of 2%. There will be no exit load if the units are redeemed after the expiry of 5 years from the date of allotment.