1% exit load to apply on redemptions within 1 year
Mumbai: Principal Mutual Fund has introduced exit load in Principal Income Fund – Long Term with effect from October 7, 2011. The fund house will charge 1 per cent exit load if units are redeemed within 1 year from the date of allotment. The scheme currently does not charge any exit load.
Principal Income Fund – Long Term is an open ended income scheme with an investment objective to generate regular income and capital appreciation through investment in debt instruments and related securities besides preservation of capital.
