MUTUAL FUNDS
Principal Mutual Fund files offer document for Mid Cap fund
Aug-09-2019

Principal Mutual Fund has filed offer document with SEBI to launch open ended equity scheme named ‘Principal Mid Cap fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load If redeemed/ switched on or before 365 days from the date of allotment- Nil for redemption/ switch out of units upto 20% of the units allotted (the limit); 1% on redemption in excess of 20% of the limit stated above- Redemption of units would be done on First in First out Basis (FIFO); and Nil thereafter. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by NIFTY Midcap 100 Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

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

  RELATED NEWS >>