New Delhi, Jan 22: Principal Mutual fund today launched a provident fund plan, which would mainly invest in government papers. The PF plan has been designed to cater specifically to the provident fund trusts, super annuation funds, gratuity funds and pension funds, Principal AMC CEO Sanjay Sachdeva said in a statement.
The investment objective of the PF fund is to generate risk-free returns through investments in sovereign securities and provide medium to long term capital gains and income distribution to unit holders.
Bureau Report