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Tuesday, August 04, 2009

Principal MF Revises Exit Load Structure for Various Schemes

With effect from 5 August 2009

Principal Mutual Fund has announced changes in exit load structure for the following schemes, with effect from 5 August 2009

Principal Income Fund - Regular Plan:

The revised exit load charge for the scheme will be 1%, if redeemed on or before 1 year from the date of allotment.

Principal Monthly Income Plan & Principal Monthly Income Plan-MIP Plus:

The revised exit load structure for investment amount less than or equal to Rs 5 crore, if redeemed on or before 1 year from the date of allotment, an exit load of 1% will be charged.

For investment amount greater than Rs 5 crore, if redeemed on or before 10 days from the date of allotment, an exit load of 0.25% will be charged

Principal Large Cap Fund, Principal Resurgent India Equity Fund, Principal Services Industries Fund, Principal Dividend Yield Fund, Principal Growth Fund, Principal Junior Cap fund, Principal Emerging Bluechip Fund, Principal Child Benefit Fund, Principal Balanced Fund, Principal Global Opportunities Fund:

The revised exit load structure for investment amount less than or equal to Rs 5 crore, if redeemed on or before 3 years from the date of allotment, an exit load of 1% will be charged.

For investment amount greater than Rs 5 crore, if redeemed on or before 10 days from the date of allotment, an exit load of 0.25% will be charged

Principal Index Fund:

The revised exit load structure for investment amount less than or equal to Rs 5 crore, if redeemed on or before 30 days from the date of allotment, an exit load of 1% will be charged.

For investment amount greater than Rs 5 crore, if redeemed on or before 10 days from the date of allotment, an exit load of 0.25% will be charged

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