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Sunday, January 18, 2009

Principal Global Opportunities Fund revises exit load

With effect from 19 January 2009

Principal Pnb mutual fund has announced the revision in the load structure of Principal Global Opportunities Fund, an open-ended fund of funds scheme with effect from 19 January 2009.

According to the revised load structure the fund will charge an entry load of 2.50% for investment amount less than or equal to Rs 1 crore while no entry load will be applied for investment amount greater than Rs 1 crore. Existing entry load is 2.50% for investment amount less than Rs 5 crore while no entry load is charged for investment amount of R 5 crore and above.

Revised exit load structure is 1% if redeemed on or before 1 year from the date of allotment.

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