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Principal MF Revises Load & Min Application Amount


Principal Mutual Fund has revised the entry load for Principal Balanced Fund from 1.5 per cent to 2 per cent with effect fom May 25, 2004.

The minimum application amount for Principal Resurgent India Equity Fund has also been revised with effect from May 25, 2004. For new investors, the minimum amount required to invest in the fund has been reduced from Rs 25,000 to Rs 5,000 while for existing investors, it has been reduced from Rs 5,000 to Rs 500.

Both Principal Balanced and Principal Resurgent India Equity Fund have been acquired by Principal from Sun F&C.