MUTUAL FUNDS
Principal MF introduces Midcap Fund
Dec-06-2019

Principal Mutual Fund (MF) has launched the Principal Midcap Fund, an open ended equity scheme predominantly investing in mid cap stocks. The NFO opens for subscription on December 06, 2019 and closes on December 20, 2019. Entry load is nil and Exit load, if redeemed/ switched on or before 365 days from the date of allotment will be nil for redemption/ switch out of units upto 20% of the units allotted (the limit); and 1% on redemption in excess of 20% of the limit stated above- Redemption of units would be done on First in First out Basis (FIFO) and Nil thereafter. The minimum subscription amount is Rs 5,000 for both Dividend and Growth Option.

The scheme’s performance will be benchmarked against NIFTY Midcap 100 Index - TRI and its fund managers are Ravi Gopalakrishnan and Sudhir Kedia.

The investment objective of the scheme is to generate long term capital appreciation by predominantly investing in equity and equity related instruments of midcap companies.

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