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Aug 17, 2012, 05.43 PM IST
Principal Mutual Fund has decided to revise the exit load of the open ended debt fund - Principal Bank CD Fund, with effect from August 17, 2012.
Effective record date, an exit load of 0.25% will be charged if redeemed or switched out before 3 months from the date of allotment.
The investment objective of the scheme is to generate returns by primarily investing in Bank CDs. Bank CDs provide liquidity and a relatively lower credit risk.
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