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Principal Mutual Revises Load Structure


Principal Mutual Fund has revised the load structure under Principal Large Cap Fund and Principal Resurgent India Equity Fund with effect from November 16, 2007. Principal Large Cap Fund would charge an entry load of 2.25% for investment less than Rs 3 crores. An exit load of 1.5% would be charged for investment less than Rs 3 crores if redemption is made on or before 180 days from the date of allotment, 1% would be charged for investment less than Rs 3 crores if redemption is made after 180 days but on or before 365 days from the date of allotment and an exit load of 0.50% would be charged for investment of Rs 3 crores and above if redeemed on or before 180 days from the date of allotment.

And, Principal Resurgent India Equity Fund would charge an entry load of 2.25% for investment upto Rs 3 crores. An exit load of 1.5% would be charged for investment less than Rs 3 crores if redemption is made on or before 180 days from the date of allotment, 1% would be charged for investment less than Rs 3 crores if redemption is made after 180 days but on or before 365 days from the date of allotment and an exit load of 0.50% would be charged for investment of Rs 3 crores and above if redeemed on or before 180 days from the date of allotment.