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Sunday, January 18, 2009

Principal Pnb MF modifies exit load of its various schemes

With effect from 19 January 2009

Principal Pnb mutual fund has announced the revision in the load structure of various funds. The revision of entry load will be applicable from 19 January 2009 for Principal Large Cap Fund, Principal Emerging Bluechip Fund, Principal Growth Fund, Principal Services Industries Fund, Principal Junior Cap Fund, Principal Dividend Yield Fund, Principal Resurgent India Equity Fund, and Principal Balanced Fund.

According to the revised load structure the funds mentioned above will charge entry load of 2.25% 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 2.25% 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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