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Mutual Fund News
Sep 2 2008 4:22PM
Principal Pnb MF garners Rs. 332 crore through its 91 days FMP
Principal Pnb Mutual Fund has collected Rs 332 crore via Principal Pnb Fixed Maturity Plan - 91 days Series XVII during its new fund offer period of 25 August 26 August 2008.

Principal Pnb Fixed Maturity Plan - 91 days Series XVII is a close-ended debt scheme with an objective to seek to build an income oriented portfolio and provide returns along with regular liquidity to investors.

The scheme will invest in a diversified portfolio of debt, money market securities and government securities from time to time. The scheme will have two-investment plans viz. regular plan and institutional plan with growth and dividend options under each plan. Further, the dividend option under both plans will have the facility of payout and sweep.

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