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Monday, February 02, 2009

Changes in portfolio of Principal Pnb MF's liquid schemes

In accordance with Sebi's Circular dated 19 January 2009

Principal Pnb Mutual Fund has announced change in portfolio of Principal Money Manager Fund, Principal Cash Management Fund – Liquid Option and Principal Floating Rate Fund – Short Maturity Plan.

In accordance with Sebi circular date 19 January 2009, the investment pattern indicating characteristics of the portfolio of the Liquid schemes have been revised as follows:

i. With effect from 01 February 2009, scheme shall make investments in / purchase debt and money market securities with maturity of upto 182 days only.

ii. With effect from 01 May 2009, the scheme shall make investments in / purchase debt and money market securities with maturity of upto 91 days only.

iii. Inter-scheme transfers of the securities having maturity of upto 365 days and held in other schemes as on 1 February 2009 shall be permitted till 31 October 2009.

iv. With effect from 1 November 2009 such inter scheme transfer of securities held in other schemes having maturity of upto 91 days only shall be permitted in the liquid schemes.

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