Sep 14, 2008

Principal Pnb MF Files offer document with Sebi

01 Sep 2008 | 16:59

Principal Pnb MF Files offer document with Sebi

Principal Pnb MF has filed offer document with Sebi to launch Principal
Pnb Fixed Maturity Plan 30 Days - Series VI. It is a close-ended debt
scheme. The face value of the new issue will be Rs 10 per unit.

investment objective of the scheme is to build an income oriented
portfolio and generate returns through investment in debt/money market
instruments and government securities.

The scheme will have two
investment plans viz. retail and institutional with growth &
dividend options under each plan. Dividend option will further offer
dividend payout and sweep facilities.

The minimum subscription amount under retail option 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

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.

scheme will not charge any entry load, due to its close ended nature.
The scheme will charge 0.30% as an exit load 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 Liquid Fund Index.

Ritesh jain will manage the fund.

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