Principal Conservative Growth Fund: Change of Name & Features

Principal Mutual Fund will rename Principal Conservative Growth Fund as Principal Retail Equity Savings Fund, with effect from November 25, 2011.

Asset Allocation Pattern
The scheme with the new name will allocate in the range of 65% to 100% in equity and upto 35% in debt and money market instruments. The only change from existing pattern will be a higher exposure to equity. The maximum limit has been increased from 80% to 100% and in case of debt, the minimum limit has been reduced from 20% to 0%.

Exit load will be revised to 1% if redeemed on or before 91 days from the date of allotment. Presently, it is 1% if redeemed within 365 days.

Benchmark
The benchmark will be changed to BSE 100 Index from Crisil Balanced.

No new investment in Dividend Option
Fresh investments through any mode will not be accepted under the dividend option of the scheme.

No Exit Load Period
Investors may exit the scheme between October 24, 2011 to November 25, 2011 without paying any exit load.

Source: www.valueresearchonline.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd