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Load Revision in Principal Equity and Principal Growth


Principal Mutual Fund has revised the entry load for its open-end diversified equity schemes Principal Growth and Principal Equity. Currently an entry load of 1.90% is charged for investments less than Rs.50 lakh. For amounts above Rs 50 lakh and below Rs 1 crore an entry load of 0.50% of NAV is charged. Investments above Rs 1 crore attract an entry fee of 0.25 per cent of NAV. With effect from May 10, 2004 the scheme will charge a flat entry load of 2.25 per cent for investments upto Rs. 2 crore.