Principal MF garners Rs 834 crore

MUMBAI: Principal mutual fund on Friday said it has mobilised around Rs 834 crore in its recently closed new fund offer Principal Pnb Fixed Maturity Plan-30 days Series I.

The 30 day scheme, which has two investment plans regular and institutional, was open for subscription only on August 20, 2008, the company said in a press release here.

Both plans offer growth and dividend options and will share a common portfolio, besides offering facilities of payout and sweep, the release said.

As on July 31, 2008 Principal Mutual Fund managed assets of over Rs 11,300 crores for over 9.8 lakh investors.
The company operates through 42 locations and 81 investor service centres in the country, it said.