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Principal Mutual Fund Modifies Load Structure for two of its Schemes

Effective July 9, 2007 Principal Mutual Fund has modified the load structure for Principal Balanced Fund and Principal Child benefit Fund-Career Builder Plan. The above mentioned funds would start charging an exit load of 0.5% on investment up to Rs 3 Crores if redeemed within 180 days.

The entry load remains unchanged. The funds would continue to charge an entry load of 2.25% for investments up to Rs 3 crores.