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Principal Money Manager: Revision of minimum amount and exit load

Effective July 12, 2010, Principal Mutual Fund has revised the minimum amount and exit load under Principal Money Manager Fund.

Earlier the minimum amount under Principal Money Manager (Institutional Plan) used to be Rs.1 lakh. Now, it will be Rs.1 crore and the revised exit load for Principal Money Manager is Nil. Earlier it was 0.25% if redeemed on or before 40 days from the date of allotment.