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Objective : Principal Short Term Plan targets steady income or capital appreciation through investment in debt instruments and related securities.
Structure : Open ended debt scheme.
Inception Date : April 24, 2002
Plans and Options under the Plan :
Regular Plan and an Institutional Plan. Both the plans have Dividend and Growth Options. The Dividend Plan / Option offer payout, reinvestment and sweep as options. The Growth Plan/Option offers accumulation and auto earning payout as options.
Face Value (Rs/Unit): Rs 10
Minimum Investment :
Regular Plan- Rs. 5000 and any amount thereafter under each option. Rs.10, 000 - for Auto Earnings Payout (AEP).
Institutional Plan- Rs. 10 lakhs and any amount thereafter under the plan, with a minimum of Rs.1 lakh in each option.
Entry Load : Nil
Exit Load : Regular Plan- for investments above Rs.10 lakhs - Nil. For investments of Rs.10 lakhs or less- 0.25% if redeemed on or before 7 days from the date of allotment. If redeemed after 7 days from date of allotment- Nil
Institutional Plan- Nil
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