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Principal Mutual Fund has announced revision of load under the following schemes: Principal Growth, Principal Equity and Principal Balanced. This revision would be effective October 8, 2003.
In case of Principal Growth Fund, the fund would charge an entry load of 1.90 per cent for investments less than Rs 50 lakhs, while no entry load for investments of Rs 50 lakhs or more. For Principal Equity, the fund would charge an entry load for investments less than Rs 50 lakhs, 0.50 per cent for investments of Rs 50 lakhs to less than Rs 1 crore and no entry load for investments of Rs 1 crore and above. In case of Principal Balanced, the fund would charge an entry load of 1.90 per cent for investments less than Rs 1 crore and 0.25 per cent for investments of Rs 1 crore and above.
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