The Scheme Will Have Two Investment Plans - 2 Sep 08

Principal Pnb MF has filed offer document with Sebi to launch Principal Pnb Fixed Maturity Plan 30 Days - Series VI. 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 build an income oriented portfolio and generate returns through investment in debt/money market instruments and government securities.

The scheme will have two investment plans viz. retail and institutional with growth & dividend options under each plan. Dividend option will further offer dividend payout and sweep facilities. The minimum subscription amount under retail option will be Rs 1000 and Rs 50 lakh under institutional plan. The scheme seeks to collect a minimum corpus of Rs 10 crore during NFO period The scheme will invest up to 100% in debt instrument and money market instruments. It will invest up to 100% in government securities. The scheme may invest up to 100% in the securitised debt. The scheme will not charge any entry load, due to its close ended nature. The scheme will charge 0.30% as an exit load from first NAV to maturity. And there will be no exit load for redemptions of units on maturity date of the scheme.