Principal Pnb Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch Principal Pnb Fixed Maturity Plan 1105 days -Series I. It is a close-ended debt scheme. The face value of the new issue will be Rs 10 per unit. The investment objective of the scheme is to seek to build an income oriented portfolio and provide returns. The scheme will offer two plans viz. regular and institutional plan with growth & dividend options. Dividend option will further offer dividend payout and sweep facilities. The minimum application amount is Rs 1000 and for the institutional plan the minimum application amount is Rs 5 lakh. The scheme seeks to collect a minimum corpus of Rs 10 crore during NFO period. The scheme will have investment exposure of 0-100% in debt securities and money market instruments and in government securities. Debt instruments may include securitised debt up to 100% of the net assets of the scheme. The Scheme shall not invest in foreign securitised debt
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