Monday, 17 September 2012

Pnb Fixed Maturity Plan – Series B2 - New Fund Offer

Principal Pnb Fixed Maturity Plan - Series B2A New Fund Offer (NFO) from PRINCIPAL Mutual Fund Named Principal Pnb Fixed Maturity Plan – Series B2. Principal Mutual Fund is owned by Principal Pnb Asset Management Company Private Limited (In association with Vijaya Bank). This is a close ended income plan (Fixed Maturity Plan) and the amount invested can be redeemed at 1098 days of the allotment of the scheme.  The Objective of this New Fund Offer is to build an income oriented portfolio and generate returns through investment in Debt or Money Market Instruments and Government Securities.

The NFO opened today 17th September, 2012 and will be closed on 25th September, 2012. There is no entry load or exit load for the scheme. The offer price of a single unit is Rs. 10 and the minimum required investment is Rs. 5000. The NFO details at a glance are shown below:-

Fund Name: Principal Pnb Fixed Maturity Plan – Series B2

Fund House: PRINCIPAL Mutual Fund

NFO opening date: 17th September, 2012

NFO closing date:  25th September, 2012

Offer Price: Rs. 10 per unit

Minimum Subscription in units: 500 units

Minimum Subscription in Amount: Rs. 5000

Scheme tenure: 1098 days from the date of allotment. (Close ended Income Scheme)

The Fund Manager is Pankaj Jain and the scheme will be benchmarked against Crisil Composite Bond Fund Index. The scheme is in both Growth option & Dividend Option. In Dividend option one can choose reinvestment option or pay out option. The asset allocation of the Scheme will be 75% to 100% low to medium risk profile debt instruments and 0% to 25% low to medium risk profile money market instruments.

Those who wish to invest in Principal Pnb Fixed Maturity Plan – Series B2, we strongly recommend reading the Scheme Information Document for more details.

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1 comment :

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