Principle Pnb MF Declares Dividend Under FMP Series

The Principle Pnb mutual fund has announced the declaration of dividend under dividend option of Principle Pnb Fixed Maturity Plan-385 Days-Series IV. The record date for dividend will be 16 April 2008. The AMC plans to distribute entire appreciation in the NAV of dividend option between 29 March 2007 to 16 April 2008 as dividend. The NAV of the scheme was recorded at Rs 11.1076 as on 10 April 2008.

Principle Pnb Fixed Maturity Plan-385 Days-Series IV is close-ended debt scheme with an investment objective of building an income-oriented portfolio and providing returns along with regular liquidity to investors.