Principal Pnb Fixed Maturity Plan – 91 Days – Series XXVII : NFO

by khalid on 16/12/2010 · 0 comments

PRINCIPAL Mutual Fund has launched a New Fund Offer (NFO) named as Principal Pnb Fixed Maturity Plan – 91 Days – Series XXVII. This is a close ended income fund. The investment objective of the Plans under the Scheme is to build an income oriented portfolio and generate returns through investment in Debt/Money Market Instruments and Government Securities. PRINCIPAL Mutual Fund is one of the largest mutual funds and well-established fund house in the country.

The scheme offers growth and dividend options. The dividend option will have the facility of payout and sweep. The scheme would allocate up to 100 per cent of assets in debt securities & money market instruments and government securities. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 35 crore under the scheme during the NFO period.

Entry load charge will not be applicable for the scheme. Exit load charge too will be nill.

Mr. Shobit Gupta will manage the fund.

Fund NamePRINCIPAL Mutual Fund
Scheme NamePrincipal Pnb Fixed Maturity Plan – 91 Days – Series XXVII
Scheme CategoryClose Ended (Income)
NFO Launch Date14th Dec 2010
NFO Closure Date28th Dec 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000

For Further Details Please Visit Website

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