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Tuesday, October 06, 2009

Principal MF Announces Change in Key Personal

With effect from 29 September 2009

Principal Mutual Fund has decided to make changes in key personnel. The changes will be effective from 29 September 2009.

Accordingly Mr. Shobit Gupta has been appointed as the key personnel of Principal Pnb Asset Management Company Pvt. Ltd. (AMC) and designated as the Head – Fixed Income of Principal Mutual Fund. The following schemes of Principal Mutual Fund are being managed by Mr. Gupta:

Principal Income Fund, Principal Floating Rate Fund, Principal Cash Management Fund, Principal Money Manager Fund, Principal Ultra Short Term Fund, Principal Government Securities Fund, Principal Pnb Fixed Maturity Plan – 385 Days – Series XI

Mr. Rajat Jain, Chief Investment Officer shall be the Fund Manager for Principal Large cap Fund in addition to his responsibility as Fund Manager of Principal Global Opportunities Fund.

Pursuant to their resignation Mr. Badrish Kulhalli, Senior Fund Manager and Mr. Pramod Gupta, Fund Manager cease to be the Key Personnel of the AMC.

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