Principal Pnb mutual fund has extended the new fund-offering (NFO) period of Lotus India Fixed Maturity Plan 460 Days - Series IV from 21 February 2008 to 4 March 2008.
Principal Pnb Fixed Maturity Plan 460 Days - Series IV is a close-ended scheme. The NFO price for the fund is Rs 10 per unit. The minimum investment amount under regular plan is Rs 1000 and any amount thereafter. Under institutional plan, the minimum investment amount is Rs 50 lakh and any amount thereafter.
The primary objective of the scheme is to build an income-oriented portfolio and provide returns along with regular liquidity to investors.
No entry load will be charged during the new fund offer of the scheme. The scheme may levy 1% an exit load on redemption of investment from the date allotment to 400 days. The scheme may not charge an exit load for redemption from 401st day to maturity.
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