Principal Mutual Fund has announced the revision of load for five of its equity funds, with effect from March 19, 2007.
The fund house has introduced an exit load of 0.50 per cent if redemption is made within 180 days under Principal Growth, Principal Large Cap and Principal Infrastructure & Services Industries Fund. The entry load in all the three funds remains unchanged.
In case of Principal Index Fund also, no change has been made in the entry load structure. But, now the fund would charge an exit load of 0.50 per cent if investment is redeemed within 30 days.
Whereas, in case of Principal Focused Advantage Fund, both entry and exit load have been modified. From 19th March onwards, an entry load of 2.25 per cent will be charged for investment less than Rs 2 crores and an exit load of 0.50 per cent if redemption is made within 180 days.