Principal Mutual Fund has launched the New Fund Offer (NFO) of Principal Fixed Maturity Plan -Series B16, a close ended income scheme. The NFO opens for subscription on Apr 21, 2014 and closes on Apr 29, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.
The scheme’s performance will be benchmarked against Crisil Short Term Bond Fund Index and its fund manager is Pankaj Jain.
The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in Debt/Money Market Instruments and Government Securities.
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Monday 21 April 2014
Principal MF introduces Fixed Maturity Plan -Series B16
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