Principal Pnb mutual fund has announced the revision in the exit load structure for Principal Government Securities Fund-Investment Plan. According to the revised load structure the fund will charge for investment below Rs 25 crore an exit load of 1% if the investment is redeemed within 365 days from the date of allotment. However, the scheme may not charge an exit load for investment of Rs 25 crore and above.
The scheme did not charge any exit load under existing load structure. The aforesaid changes will be effective from 18 February 2008.
Principal Government Securities Fund-Investment Plan is an open ended dedicated gilt scheme. The investment objective of the scheme is to generate risk free returns through investment in sovereign securities and thus provide medium term capital gains and income distribution to its unit holders, while at all time emphasizing the importance of capital preservation.
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