Principal Mutual Fund announces changes

Principal Mutual Fund has announced that change in minimum application amount for Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) facility, minimum amount of additional investment and introduction of daily and weekly frequency for STP facility under the following schemes, with effect from February 01, 2014.

Change in minimum application amount for SIP facility:

Proposed Threshold Limit:  Minimum six installments of Rs 2,000 each for all open ended schemes of the fund; except Principal Personal Tax Saver Fund, Principal Tax Savings Fund, Principal Global Opportunities Fund – Corporate Bond Plan and Principal Bank CD Fund.

Change in minimum amount for additional investment in the schemes of the fund:

Proposed Threshold Limit:  All open ended schemes of the fund; except Principal Personal Tax Saver Fund, Principal Global Opportunities Fund, Principal Debt Opportunities Fund - Corporate Bond Plan, Principal Debt Opportunities Fund - Conservative Plan, Principal Cash Management Fund, Principal Retail Money Manager Fund and Principal Bank CD Fund: Rs 1,000 and any amount thereafter under each plan / option.

Principal Global Opportunities Fund: Rs 1,000 and any amount thereafter under each plan / option.

Change in minimum application amount for STP facility:

Proposed Threshold Limit: Minimum six installments of Rs 1,000 each for all open ended schemes of the fund where the STP facility is available; except Principal Personal Tax Saver Fund and Principal Tax Saving Fund.