Principal PNB MF launch FMP 385 days - Series VIII

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Principal PNB Asset Management Company Pvt. Ltd. today announced the launch of their closed ended debt scheme Principal Pnb Fixed Maturity Plan 385 Days - Series VIII. This fund is open for subscription from July 4, 2008 to July 7, 2008. The duration of the fund will be for 385 days from the date of allotment, July 8, 2008. The performance of this fund will be benchmarked against the Crisil Short Term Bond 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 Open: July 04, 2008             NFO Close: July 07, 2008

Date of Allotment: July 08, 2008   Date of Redemption: July 27, 2009

 

NFO Price: Rs. 10/- face value during the New Fund Offer Period and at applicable NAV based price thereafter for repurchases.

 

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

 

Benchmark: CRISIL Short Term Bond Fund Index

 

Investment Plans: Regular & Institutional

 

Minimum Subscription Amount: Rs 1000 for Regular Plan and Rs. 50 Lacs for Institutional Plan and any amount thereafter under each option.

 

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

• Growth Option
• Dividend Option (Payout & Sweep)

(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 - 2 %
• 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