Name of Fund: Principal Pnb Fixed Maturity Plan 385 Days - Series VIII Scheme: It is a close-ended scheme. The duration of the fund will be for 385 days from the date of allotment.
Objective: The primary objective of the scheme is to build an income-oriented portfolio and provide returns along with regular liquidity to investors.
Asset Allocation: The fund will invest up to 0%-100% in debt securities including securitized debt and money market instruments. It will have investment of 0-100% in government securities. Investment in securitised debt may be up to 100% of the net assets of the scheme.
Fund Opens: 4 July 2008
Fund Closes: 7 July 2008
Face Value: Rs 10
Investment Options: The fund will have an investment plan-regular and institutional plans with two options growth option and dividend option. Dividend option will have the facility of payout and sweep.
Entry Load: No entry load will be charged as the scheme is of close-ended nature.
Exit Load: The scheme may levy 2% an exit load on redemption of investment from the first NAV to maturity. No exit load will be charged for the redemption of investments on maturity.
Minimum Investment Amount: Under regular plan, the minimum investment amount is Rs 1000 and any amount thereafter. For institutional plan, the minimum investment amount is Rs 50 lakh and any amount thereafter.
Benchmark Index: The performance of this fund will be benchmarked against the Crisil Short Term Bond Fund Index.
Fund Manager: Mr. Ritesh Jain
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