Principal PNB MF Declares Dividend For Two Schemes

Principal PNB Mutual Fund has approved the dividend under the dividend option of two schemes namely Principal Personal Tax Saver Fund and Principal Growth Fund.

The fund house has declared a dividend of 110% i.e. Rs 11 per unit on face value of Rs 10 in its open-ended equity linked saving scheme - Principal Personal Tax Saver Fund. It has also declared a dividend of 25% i.e. Rs 2.50 per unit on face value of Rs 10 on its open ended balanced scheme- Principal Growth Fund.

The record date for both the scheme has been fixed as 31 December 2007.

The NAV of Principal Personal Tax Saver Fund was recorded at Rs. 206.54 as on 24 December 2007 whereas the NAV of Principal Growth Fund was recorded at Rs. 35.39 as on 24 December 2007.