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Principal Mutual Fund: Changes in Load Structure of some Schemes


Principal Mutual Fund has revised the load structures applicable under the following of its schemes:

1. Principal Large Cap Fund, Principal Emerging Bluechip Fund, Principal Growth Fund, Principal Services Industries Fund, Principal Junior Cap Fund, Principal Dividend Yield Fund, Principal Resurgent India Equity Fund, Principal Balanced Fund, Principal Child Benefit Fund - Career Builder Plan
Entry Load: For investments of upto Rs. 1 crore, 2.25%.
Exit Load: For redemptions within 1 year, 1%.

2. Principal Global Opportunities Fund
Entry Load: For investments of upto Rs. 1 crore, 2.50%
Exit Load: For redemptions within 1 year, 1%.

3. Principal Index Fund
Entry Load: For investments of upto Rs. 1 crore, 2.25%
Exit Load: For investments of upto Rs. 1 crore, 0.50% if redeemed within 30 days, for investments of more than Rs. 1 crore, 0.25% if redeemed within 15 days.

4. Principal Tax Savings Fund, Principal Personal Tax Saver Fund
Entry Load: For investments of upto Rs. 1 crore, 2.25%
Exit Load: NIL.

5. Principal Income Fund - Regular Plan
Entry Load: NIL
Exit Load: 1.50% if redeemed within 365 days.

6. Principal MIP, Principal MIP Plus
Entry Load: NIL
Exit Load: For investments of upto Rs. 10 lakhs, 1.50% if redeemed within 540 days, for investments of more than Rs. 10 lakhs, 1% if redeemed within 365 days.

7. Principal Floating Rate Fund - Flexible Maturity Plan - Regular Plan
Entry Load: NIL
Exit Load: For investments of upto Rs. 10 lakhs, exit load of 0.25% if redeemed within 90 days.

The changes are applicable with effect from January 19, 2009. Further, w.e.f. January 19, 2009, switches between plans (Regular, Institutional and Institutional Premium) will attract loads as applicable.