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Principal Introduces Annual Dividend Plan in Two Schemes


Principal Mutual Fund has announced the introduction of Annual Dividend Plan under two of its schemes: Principal Income and Principal Government Securities Fund-Investment. This would come into effect from September 8, 2003. This Plan will be in addition to the three options existing under each fund currently. The units of the Annual Dividend Plans under the two schemes would be allotted at the applicable NAVs of the respective growth options as on September 8, 2003. The Annual Dividend Plan would have three sub plans: payout, reinvestment and sweep.