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Wednesday, March 04, 2009

Principal Growth Fund revises Asset Allocation

With effect from closure of business hours of 3 March 2009

Principal Pnb Mutual Fund has announced the change in the asset allocation pattern of the Principal Growth Fund (PGF). The change is effective from closure of business hours of 3 March 2009.

Accordingly, the scheme will invest upto 65%-100% in equity and equity related instruments and it will invest upto 35% in debt and money market instruments. The debt includes securitised debt. The investment in securitised debt may be upto 35% of the net assets of the scheme.

The AMC reserves the right to invest in derivatives upto 50% of the net assets of the scheme. The AMC further reserves the right to invest in ADRs/GDRs and / or overseas financial debt instruments including overseas mutual funds not exceeding 15% of the net assets of the scheme.

Principal Growth Fund is an open ended equity scheme with an objective to achieve long – term capital appreciation.

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