Principal PNB Mutual Fund has announced to change the minimum application amount for systematic investment plan and systematic transfer plan and also revised the minimum amount for additional investment under Principal Index Fund- Midcap. The proposed minimum amount for SIP facility will be ₹2000 each for six minimum installments and for STP facility will be ₹1000 each for minimum six installments. Earlier it was, ₹500 each for minimum six installments for SIP and STP facility. The revised minimum amount for additional investment will be ₹1000, against the previous ₹500.
The Fund House also introduced Daily and weekly frequency for STP facility under Principal Index Fund- Midcap.
The above mentioned changes will be effective from May 06, 2014.