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Principal MF Merges Funds


Principal PNB Mutual Fund has announced that its Principal Resurgent India Equity Fund (both the growth and dividend plans) will be merged with the respective growth and dividend plans of Principal Growth Fund.

The merger will not in any manner change the investment objective, asset allocation pattern, recurring expenses and other fundamentals of Principal Growth Fund.

As required by regulations, unitholders of both the funds have the option to exit from the schemes during the period from September 30, 2010 to October 29, 2010. Those unitholders of Resurgent India Equity funds who decides to continue with their investment in the fund would be allotted units of Growth Fund at an NAV as on October 29, 2010.