Principal introduces exit load in Income Fund – Short Term Plan

Principal Mutual Fund starts charging exit load in Income Fund – Short Term Plan

Mumbai: Principal Mutual Fund has introduced exit load in Principal Income Fund – Short Term Plan with effect from July 15, 2011.The fund house will charge 0.25 per cent exit load if units are redeemed within 15 days from the date of allotment. Currently, the scheme does not charge any exit load.

Principal Income Fund – Short Term Plan is an open ended income scheme with an investment objective to generate regular income and capital appreciation/ accretion through investment in debt instruments and related securities besides preservation of capital and has been designed to achieve stable returns over shorter-term investment horizons.