Sunday, January 18, 2009

Principal Pnb MF revises exit load of Child Benefit Fund

With effect from 19 January 2009

Principal Pnb mutual fund has announced the revision in the load structure of Principal Child Benefit Fund – Career Builder Plan, with effect from 19 January 2009.

According to the revised load structure the fund will charge an entry load of 2.25% for the investment amount less than or equal to Rs 1 crore and nil for the investment amount greater than Rs 1 crore.

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