Effective February 9, 2007, Principal Income has revised the exit load. Now, the fund has introduced an exit load for redemptions above Rs 10 lakhs also. It would charge an exit load of 1 per cent for investments redeemed within 3 months from the date of subscription.
Meanwhile, the exit load for investment of Rs 10 lakhs or less continues to be the same. An exit load of 0.50 per cent would be charged for redemptions made within 180 days.
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