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Sunday, January 18, 2009

With effect from 19 January 2009 Principal Pnb mutual fund has announced the revision in the load structure of Principal Index Fund, an open-ended in

With effect from 19 January 2009

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

According to the revised load structure the fund will charge an 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.

Revised exit load structure for investment amount less than or equal to Rs 1 crore, 1% if redeemed on or before 30 days from the date of allotment. For investment amount greater than Rs 1 crore, 0.25% will be the exit load if redeemed on or before 15 days from the date of allotment. Earlier 1% exit load was charged for redemption before 182 days from the date of allotment.

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