MUTUAL FUNDS
Principal MF introduces Small Cap Fund
Apr-22-2019

Principal Mutual Fund (MF) has launched the Principal Small Cap Fund, an open ended equity scheme. The NFO opens for subscription on April 22, 2019 and closes on May 06, 2019. Entry load will be nil and exit load will be nil for redemption/switch out of units upto 25% of the units allotted (the limit) if redeemed/ switched on or before 1 year from the date of allotment and exit load will be 1% on redemption in excess of 25% of the limit stated above if Redemption of units would be done on First in First out Basis (FIFO) and Nil thereafter. The minimum subscription amount is Rs 5,000 for both Dividend and Growth Option and any amount thereafter under each Plan/option. 

The scheme’s performance will be benchmarked against Nifty Small cap 100 index and its fund managers are P.V.K. Mohan and Siddarth Mohta. 

The investment objective of the scheme is to generate long term capital appreciation by predominantly investing in equity and equity related instruments of small cap companies.

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