Principal Mutual Fund has decided to merge growth and dividend options under Principal Pnb Long Term Equity Fund, an open ended equity scheme with respective growth and dividend options under Principal Emerging Bluechip Fund.
The notice period of exit option shall commence from 21 April 2011 and conclude on 20 May 2011.
The continuing unitholders of Principal Pnb Long Term Equity Fund as at the end of business hours on 20 May 2011, will be allotted units (basis the NAV of 20 May 2011) of Principal Emerging Bluechip Fund, in lieu of the value of their existing units in the Principal Pnb Long Term Equity Fund.
The said merger shall be effective post the closure of the business hours on 20 May 2011.
Source: http://www.adityabirlamoney.com/news/469884/10/22,24/Mutual-Funds-Reports/Principal-Pnb-Long-Term-Equity-Fund-Growth-Dividend-Options-to-be-Merged-with-Principal-Emerging-Bluechip-Fund
Posts
No comments:
Post a Comment