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RETAIL FUNDS | Cesar Tordesillas, India

Principal Mutual Fund revises attributes under Debt Savings Fund

Principal Mutual Fund revised the fundamental attributes for Principal Debt Savings Fund - Retail Plan, with effect from 12th October 2012.

Accordingly, AMC has revised allocation pattern of the scheme.

The scheme would invest upto 100% in debt securities, including securitized debt upto 50%, and upto 100% in money market instruments, including cash and cash equivalent, CBLO & reverse repo. Investment in derivatives shall be upto 50% of the net assets of the scheme. The benchmark index has revised from Crisil MIP Blended Index to CRISIL Composite Bond Fund Index.

Also, AMC has announced changes in the investment objective and investment strategy of Principal Debt Savings Fund. Investors will have an option to exit without payment of any exit load from 13th September 2012 till 12th October 2012.

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