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Principal MF Changes the Exit load of Two Funds


Principal Mutual Fund has announced a change in the exit load of Principal Smart Equity and Principal Retail Money Manager Fund with effect from January 7, 2013.

For Smart Equity a load of 1% shall be charged if units are redeemed within 2 years from the date of allotment instead of charging 2% for exit within 1 year, 1% if redeemed within 2 years.

For Retail Money Manager, a load of 0.50% shall be charged if units are redeemed within 1 month from the date of allotment. Till date no load was being charged.