With effect from March 03, 2009, the asset allocation pattern under Principal Growth Fund will be changed to enable the fund managers to invest upto 35% in Debt and Money Market instruments. The proportion of net assets in Equity and Equity related instruments will, however, not be allowed to fall below 65%. Earlier, the fund managers could invest only upto 10% of the net assets of the scheme in Debt and Money Market instruments.
As the change is fundamental in nature to the scheme, the investors are given an option to redeem their investments between January 30, 2009 upto March 02, 2009, without being charged any exit load.
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