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Principal PNB AMC revises load structure


Principal PNB AMC has revised load structure of its schemes which are as follows:

1. For the following schemes, below mentioned changes will take place

Principal Dividend Yield Fund, Principal Junior Cap Fund, Principal Balanced Fund, Principal Index Fund, Principal Large Cap Fund, Principal Resurgent India Equity Fund, Principal Infrastructure & Services Industries Fund, Principal Global Opportunities Fund, Principal Tax saving Fund, Principal Personal Tax Saver Fund

The changed load structure is as follows:

* For investment less than Rs 5 crores, an entry load of 2.25% will be charged
* Exit Load of 1% will be charged for investments redeemed before one year from the date of allotment.

2. For Principal Monthly Income Plan and Principal Monthly Income Plan-MIP Plus the revised load structure is as follows:

Entry Load: Nil

Exit load: For investment less than Rs 1 crore, 1% will be charged if redeemed before one year; for investment of Rs 1 crore but less than Rs 5 crore, 0.25% will be charged if redeemed before three months from the date of allotment and for investment of Rs 5 crore and above no exit load will be charged.
For Systematic Investment Plan and Systematic Transfer Plan also above change is applicable.

3. For Principal Global Opportunities Fund, an entry load of 2.50 per cent will be charged. Exit load will be charged at 1 per cent if redeemed before one year from the date of allotment.

The above changes will be effective from May 12, 2008.