Principal PNB Mutual Fund has collected Rs 220 crores via Principal Pnb Fixed Maturity Plan - 91 days - Series XVI during its new fund offer period i.e. from 25 June to 2 July 2008. Principal PNB -Fixed Maturity Plan -91 Days-Series XVI is a close-ended debt scheme with an objective to build an income oriented portfolio and provide returns along with regular liquidity to the investor.
The scheme charges an exit load of 1% if the investment is redeemed before maturity. There is no exit load charged if the investment is redeemeed on maturity. The fund will invest up to 100% in debt securities and money market instruments including securitised debt. Investment in government securities will be up to 100%.
The scheme charges an exit load of 1% if the investment is redeemed before maturity. There is no exit load charged if the investment is redeemeed on maturity. The fund will invest up to 100% in debt securities and money market instruments including securitised debt. Investment in government securities will be up to 100%.
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