Principal Pnb Mutual Fund has announced changes in exit load structure and minimum application amound under Principal Income Fund. The changes will be applicable on prospective basis for all investments made after 3.00 p.m. of 10 December 2008.
The scheme proposed to revise the exit load as 1.00% for the redemption on or before 1 year from the date of allotment instead of existing 1.00% of exit load for the redemption on or before 3 months from the date of allotment.
The scheme revised the minimum application amount under institutional plan to Rs 10 lakh from Rs 1 lakh.
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