Sep 14, 2008

Principal Pnb MF files offer document with sebi

01 Sep 2008 | 12:04




Principal Pnb MF files offer document with sebi


Principal Pnb MF has filed offer document with Sebi to launch Principal
Pnb Fixed Maturity Plan 385 Days - Series XIV. It is a close-ended debt
scheme. The face value of the new issue will be Rs 10 per unit.

The investment objective of the scheme is to build an income oriented portfolio and provide returns.

The
scheme offers two plans viz. regular and institutional plans. There
will be growth & dividend options under each plan. Dividend option
will further offer dividend payout and sweep facilities.

The minimum application amount under regular plan will be Rs 1000 and Rs 50 lakh under institutional plan.

The scheme seeks to collect a minimum corpus of Rs 10 crore during NFO period.

The
scheme will invest up to 100% in debt instrument and money market
instruments. It will invest up to 100% in government securities. The
scheme may invest up to 100% in the securitised debt.

The
scheme will not charge any entry load, due to its close ended nature.
The scheme will charge 1.00% as an exit load for the redemptions done
from first NAV to maturity. And there will be no exit load for
redemptions of units on maturity date of the scheme.

Benchmark Index for the scheme is Crisil Short Term Bond Index.

Ritesh jain will manage the fund.



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