Principal Pnb Mutual Fund has announced changes in asset allocation pattern of Principal Ultra Short Term Fund (PUSTF) with effect from 24 March 2009.
Accordingly, the scheme will invest it entire corpus in debt instruments and money market instruments (including MIBOR linked instruments with daily put and call options) with low to medium risk profile.
The scheme would invest in such instruments which have an average maturity of upto one year. Investment in securitised debt may be upto 50% of the net assets of the scheme. The scheme may also invest upto 50% of net assets of the scheme in such derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing.
Existing asset allocation pattern of the Fund is as follows: The scheme invests 50%-100% of net assets in the fixed rate debt instrument and money market instruments and 50-100% in floating rate debt instruments and money market instruments.
The fund invests in such instruments which have an average maturity between 90 days to one year. The investments in securitised debts will not normally exceed 50% of net assets of the scheme in such derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing.
The investors may exercise the exit option without payment of any exit load from 20 February 2009 to 23 March 2009 both days inclusive, if they have any objection for the above change.
PUSTF is an open ended debt scheme to generate regular income through investments in debt securities and money market instruments.
Accordingly, the scheme will invest it entire corpus in debt instruments and money market instruments (including MIBOR linked instruments with daily put and call options) with low to medium risk profile.
The scheme would invest in such instruments which have an average maturity of upto one year. Investment in securitised debt may be upto 50% of the net assets of the scheme. The scheme may also invest upto 50% of net assets of the scheme in such derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing.
Existing asset allocation pattern of the Fund is as follows: The scheme invests 50%-100% of net assets in the fixed rate debt instrument and money market instruments and 50-100% in floating rate debt instruments and money market instruments.
The fund invests in such instruments which have an average maturity between 90 days to one year. The investments in securitised debts will not normally exceed 50% of net assets of the scheme in such derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing.
The investors may exercise the exit option without payment of any exit load from 20 February 2009 to 23 March 2009 both days inclusive, if they have any objection for the above change.
PUSTF is an open ended debt scheme to generate regular income through investments in debt securities and money market instruments.
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