Principal Pnb Fixed Maturity Plan - Series A4, a close ended debt scheme and having maturity of 367 days has garnered close to Rs 190 crores. The NFO opened on 22 March 2012 and closed on 29 March 2012.
Fixed maturity plans make investment sense due to the prevailing attractive yields and double indexation benefit available to investors. Mr Rajat Jain, CIO, Principal Mutual Fund said, "As a fund house we strive to create valuable options for all types of investors. We are very pleased with the collections of the Principal Pnb Fixed Maturity Plan- Series A4and the investor confidence that it has attracted. We are hopeful that investors find value in this scheme."
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'I made my money by selling too soon.'
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