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IDBI-Principal Mutual Notifies Changes in its Schemes.


IDBI-Principal Mutual Fund has notified some changes in its following schemes. These changes will be effective from February 01, 2002.

IDBI-Principal Index Fund has revised its entry load structure. For investment upto Rs 10 lakhs (inclusive), an entry load of 0.5 per cent will be charged, whereas, the fund will not charge any entry load for investment above Rs 10 lakh. Earlier, this investment slab was of Rs 5 crores.

IDBI-Principal Cash Management - Call Option has reduced the initial minimum investment amount from Rs 10 lakhs to Rs 1 lakh.

The mutual fund has changed the name of IDBI-Principal Gilt Fund to IDBI-Principal Government Securities Fund.