Conversion of Principal Debt Savings Fund - MIP into Principal Equity savings Fund

Principal Mutual Fund has approved the conversion of Principal Debt savings Fund - MIP into Principal Equity Savings Fund with effect from June 23, 2016. The details are as follows:

Name of the Scheme: The name of the scheme will be changed from Principal Debt Savings Fund - MIP to Principal Equity savings Fund.

Benchmark: The new benchmark will be 30% Nifty 50 Index + 70% CRISIL Liquid Fund Index.

Asset Allocation: The asset allocation in Equity & Equity related instruments will be 65%-90% and 10%-35% in Debt securities & money market instruments.

Exit Load: The Exit Load will be 1% if redeemed within 365 days.

Fund Manager: The Fund will be managed by Mr. P.V.K. Mohan.