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Principal Mutual Fund: Change in Minimum Application Amount and Minimum Amount for Additional Investment for SIP/STP


Principal Mutual Fund has decided to change the minimum investment amount for SIP facility in all open ended schemes except: Principal Personal Tax Saver Fund, Principal Tax Savings Fund, Principal Debt Opportunities Fund-Corporate Bond Plan and Principal Bank CD Fund.

The revised minimum application amount will be Rs 2000 for each of the six installments.

The fund house also decided to change the minimum amount for additional investment in all open ended schemes except: Principal Tax Saver Fund, Principal Tax Savings Fund, Principal Global Opportunities Fund, Principal Debt Opportunities Fund- Corporate Bond Plan, Principal Debt Opportunities Fund-Conservative Plan, Principal Cash Management Fund, Principal Retail Money Manager Fund and Principal Bank CD Fund. The revised amount will be Rs 1000 and any amount thereafter under each plan or option.

The fund house Changed the Minimum Amount for STP facility in all open-ended schemes except Principal Personal Tax Saver Fund and Principal Tax Savings Fund.

The minimum application amount for STP facility will be Rs 1000 each for minimum 6 installments.

The above mentioned changes will be effective from February 01, 2014.