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Friday, March 20, 2009

Principal Pnb MF declares dividend for various schemes

Record date for dividend is 24 March 2009

The Principal Pnb Mutual Fund has approved to declare dividend under dividend option of Principal Monthly Income Plan, Principal Monthly Income Plan-MIP Plus, Principal Government Securities Fund, and Principal Income Fund. The record date for dividend will be 24 March 2009.

Principal Monthly Income Plan and Principal Monthly Income Plan-MIP Plus

Both the above-mentioned funds will distribute Rs 0.1200 per unit as dividend under quarterly dividend option. The NAV of Principal Monthly Income Plan was at Rs 10.8670 per unit and that of Principal Monthly Income Plan-MIP Plus was at Rs 10.8220 per unit as on 18 March 2009.

Principal Government Securities Fund

The fund will offer dividend under quarterly dividend & half yearly dividend option in Investment Plan, and quarterly dividend option in Savings plan. The rate of dividend will be Rs 0.2000 per unit under Investment Plan with quarterly dividend option, and Rs 0.3200 per unit under Investment Plan with half yearly dividend option. The Fund will declare rate of dividend of Rs 0.1000 per unit under Savings plan having quarterly dividend option.

The NAV of Investment Plan (quarterly dividend option) was at Rs 11.9185 and NAV of investment plan (half yearly dividend option) was recorded at Rs 11.9549 per unit as on 18 March 2009. Savings Plan registered NAV at Rs 10.6864 per unit as on 18 March 2009.

Principal Income Fund

The rate of dividend for regular plan having quarterly dividend option will be Rs 0.1500 per unit and Rs 0.3500 per unit in half yearly dividend option of Regular Plan. Rate of dividend under quarterly dividend option of Institutional Plan will be Rs 0.2000 per unit. The NAV of Regular plan was at Rs 10.9323 per unit for quarterly dividend option and Rs 11.0012 per unit under half yearly dividend option. Institutional plan recorded NAV of Rs 11.8284 per unit as on 18 March 2009.

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