Principal Mutual Fund has announced a change in the benchmark for Principal Debt Savings Retail. Subsequent to this change, the benchmark shall be CRISIL Composite Bond Fund Index.
A change in the investment objective, investment strategy and asset allocation states that the scheme shall no longer invest in equity.
Due to change in the fundamental attribute of the scheme, unit holders are being given an option to exit the plan between September 13, 2012 to October 12, 2012 without any exit load.
The change shall come into effect from October 12, 2012.