Principal Mutual Fund has announced that with effect from 19 April 2010 six schemes of the fund house have been admitted on the order routing platform of NSE, enabling investors to submit applications for subscription and redemption there under. The schemes are:
Principal Emerging Bluechip Fund-an open ended equity scheme
Principal Large Cap Fund- an open ended equity scheme
Principal Monthly Income Plan-an open ended fund
Principal Monthly Income Plan-MIP Plus- an open ended fund
Principal Personal Tax Saver Fund-an open ended equity linked savings scheme
Principal Tax Saving Fund- an open ended equity linked savings scheme
Purchase/redemption of units will be available to both existing and new investors. Currently switching of units, systematic investment plan, systematic transfer plan, and systematic withdrawal plan will not be permitted through this facility.
The units of eligible schemes are not listed on NSE and the same cannot be traded on stock exchange like shares. The window for purchase/redemption of units on NSE will be available between 9am to 3pm or such other timings as may be decided. Investors have an option to hold units in physical form or in dematerialized form.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
Principal Large Cap Fund- an open ended equity scheme
Principal Monthly Income Plan-an open ended fund
Principal Monthly Income Plan-MIP Plus- an open ended fund
Principal Personal Tax Saver Fund-an open ended equity linked savings scheme
Principal Tax Saving Fund- an open ended equity linked savings scheme
Purchase/redemption of units will be available to both existing and new investors. Currently switching of units, systematic investment plan, systematic transfer plan, and systematic withdrawal plan will not be permitted through this facility.
The units of eligible schemes are not listed on NSE and the same cannot be traded on stock exchange like shares. The window for purchase/redemption of units on NSE will be available between 9am to 3pm or such other timings as may be decided. Investors have an option to hold units in physical form or in dematerialized form.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
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