MUTUAL FUNDS
Principal Mutual Fund files offer document for Global Equity fund
Aug-09-2019

Principal Mutual Fund has filed offer document with SEBI to launch open ended fund named ‘Principal Global Equity fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load if redeemed on or before 1 year from the date of allotment - 1%. 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 MSCI ACWI Index. The minimum application amount for initial purchase is Rs 5,000 and any amount thereafter.

The investment objective of the scheme is to provide long term capital appreciation by predominantly investing in units of overseas equity mutual funds and overseas equity exchange traded funds.

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