Principal PNB MF has filed an offer document for Principal PNB Fixed Maturity Plan 540 Days Series II. This is close-ended debt scheme with the face value of Rs.10 each. The Scheme will have two-investment plans i.e. regular plan and institutional plan with growth and dividend options under each Plan. The dividend option under both plans will have the facility of payout and sweep. For regular plan the minimum investment is Rs. 1000. For institutional plan the minimum investment amount is Rs.50 lakhs.
Scheme will charge no entry load however there will be an exit load of 1.60% on the investment redeemed before 480 days. There will be no exit load charged on the investment redeemed on or after 481 days. The investment objective of the Scheme is to build an income-oriented portfolio and provide returns along with regular liquidity to investors.
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