This is with reference to Notice No. 20180912-2 dated September 12, 2018 regarding Restriction on subscription in certain schemes of Principal Mutual Fund on BSE StAR MF Platform with effect from December 03, 2018.
MFIs/MFDs/RIAs are hereby informed that we have received communication from Principal Mutual Fund regarding Removal of restriction on subscription in certain schemes of Principal Mutual Fund.
Also, as per Principal AMC instruction the amount restriction set under PRINCIPAL CASH MANAGEMENT FUND & PRINCIPAL ULTRA SHORT TERM FUND on BSE star MF platform as per the details provided below.
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Scheme Name
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Restriction on Subscription
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Principal Cash Management Fund
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Subscription restricted to INR 1 crore per transaction.
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Principal Ultra Short Term Fund
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Subscription restricted to INR 10 lakhs per day per investor & Single investor will be determined based on the unique Permanent Account Number (PAN)
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The notice cum addendum issued by AMC as well annexure is attached for your reference.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Assistant General Manager – Mutual Funds |