Principal PNB Long Term Equity Fund to be merged with Principal Emerging Bluechip Fund

Principal PNB Mutual Fund has announced the merger of growth and dividend options under Principal PNB Long Term Equity Fund with respective growth and dividend options under Principal Emerging Bluechip Fund, with effect from May 21, 2011.

The continuing unit holders of Principal PNB Long Term Equity Fund as at the end of May 20, 2011, will be allotted units (basis the NAV of May 20, 2011) of Principal Emerging Bluechip Fund, in lieu of the value of their existing units in Principal PNB Long Term Equity Fund.

Investors who wish to continue can do so without doing anything. However, investors who want to exit from the scheme can redeem their units from April 21, 2011 to May 20, 2011.

Source: www.valueresearch.com

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Maulik Doshi

DENIP Consultants Pvt. Ltd.