Principal PNB Asset Management Company Pvt. Ltd. today announced the launch of their closed ended debt scheme – Fixed Maturity Plan 91 Days – Series XV. This fund is open for subscription from June 5, 2008 to June 9, 2008. The duration of the fund will be for 91 days from the date of allotment, June 10, 2008. The performance of this fund will be benchmarked against the Crisil Liquid Fund Index.

The fund will have an investment plan with two investment options – Growth option and Dividend option. Dividend Option will have the facility of Payout and Sweep.

Mr. Ritesh Jain will be the fund manager for this fund.

Details of the fund:

NFO Opens: June 5, 2008    

NFO Closes: June 9, 2008

Date of Allotment: June 10, 2008            

Date of Redemption: September 9, 2008

NFO Price: Rs. 10/- face value during the New Fund Offer Period.

Type of Scheme: A close-ended Debt scheme offering Fixed Maturity Plan

Duration: 91 Days from the date of allotment of units        

Benchmark: CRISIL Liquid Fund Index

Minimum Subscription Amount: Rs 1000 for Dividend Option and Growth Option and any amount thereafter under each option during the NFO period.

Investment Plans: The Fund will have an Investment Plan with two Investment Options

Growth Option

Dividend Option

(There is no assurance or guarantee as to the rate and frequency of dividend distribution. Dividend distribution is subject to availability of distributable surplus in the scheme. The Dividend Option will have the facility of Payout and Sweep)

Entry Load: No Entry Load will be charged during the New Fund Offer of the Scheme.

Exit Load:

From First NAV to Maturity – 1 %

On Maturity – NIL (In case the date of redemption falls on a holiday/non-business day, the date of redemption shall accordingly be the following business day.)

Sourced From: LINOpinion - The Lintas Public Relations Division