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Monday, July 13, 2009

Principal MF announces changes in PGSF

With effect from 13 July 2009

Principal Mutual Fund has announced changes in certain key features of Principal Government Securities Fund (PGSF) with effect from 13 July 2009 on the back of merger of Principal Government Securities Fund –Savings Plan into Principal Government Securities Fund -Investment Plan. The changes are:

Features of PGSF post merger:

Investment objective: To generate returns through investment in sovereign securities and thus provide capital gains and income distribution to its unit holders.

Plans and options: Only one plan viz. Investment Plan. Dividend option (dividend frequency-quarterly, half yearly and annually) with dividend payout, reinvestment and sweep sub options. Growth option with accumulation and auto earning payout sub options.

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