Principal Mutual Fund has launched the NFO of Principal
Pnb Fixed Maturity Plan- Series B1, a close ended income scheme.
The NFO opens for subscription on June 22, 2012 and
closes on June 27, 2012. 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.