Principal SMART Equity Fund, an open ended equity scheme, opens from November 26, 2010.
The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity; and in debt /money market instruments for defensive purposes. The scheme will decide on allocation of funds into equity assets based on equity market Price earning Ratio (PE Ratio) levels.When the markets become expensive in terms of price to earnings ratio, the scheme will reduce its allocation to equities and move assets into debt and/or money market instruments and vice versa. The details are as under:
NFO Opens on: November 26, 2010
NFO Closes on: December 10, 2010
Fund Type: Open Ended Equity Diversified
Minimum Investment: Rs.5,000/-
Mutual Fund: Principal PNB Asset Management Company Pvt. Ltd.
Fund Manager: Rajat Jain
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