Principal India MF Unveils Liquid Plus Fund

Principal India Mutual Fund launched Liquid Plus Fund. NFO period from 2 November - 5 November 2007. Open ended debt scheme. The investment objective of the scheme is to generate regular income through investments in debt securities and money market instruments. The fund would invest 50% - 100 % in fixed rate debt instruments and money market instruments. It will also invest 50% - 100% in floating rate debt instrument and money market instruments. The fund would invest in such instruments, which have an average maturity between 90 days to one year. Face Value: Rs 10. Principal liquid plus fund offers three Plans regular plan, institutional plan and institutional premium plan. Each of the plans will offer two sub-options namely growth and dividend. The scheme does not charge any entry load. It charges an exit load of 0.01% if the investment is redeemed within 7 days from investment. Under regular plan the minimum investment is Rs 10,000 and in multiple of Rs 1,000 thereafter. Under institutional plan the minimum investment is Rs 1 crore and in multiple of Rs 1 lakh thereafter. Under institutional premium plan the minimum investment is Rs 10 crore and in multiple of Rs 1 lakh thereafter.