Principal Mutual Fund is extremely pleased to inform that the schemes of the fund have received the following awards for their performance for the year 2008 at the CNBC TV-18 Crisil Mutual Fund Awards function held on March 31, 2009:-
- Principal Monthly Income Plan - Accumulation Plan - Winner in the category of Monthly Income Plans – Conservative (out of 8 schemes for the period ended December 31, 2008)*
- Principal Income Fund (Winner in the category of Consistent Income Fund under the CRISIL ~ CPR (out of 13 schemes for the period ended December 31, 2008)*
*Past Performance is no guarantee of future results
Mr. Rajan Ghotgalkar, Country Head of Principal India said, “Our sole aim has been to create wealth for the investor and to generate returns consistently over a period of time. We are pleased to receive these awards and would like to thank CRISIL and CNBC TV-18 for honouring us with the awards.”
Mr. Rajat Jain, Chief Investment Officer, said, “Our success is a result of adherence to our philosophy of helping people meet their financial goals through quality investment solutions. We as a team are pleased to receive these awards and will continue to do our best.”
About Principal Pnb Asset Management Company Private Limited:
Principal Pnb Asset Management Company Private Limited (in association with Vijaya Bank) is a joint venture between Principal Financial Group (Mauritius) Limited - a wholly owned subsidiary of Principal Financial Services Inc.,USA (member of Principal Financial Group) alongwith Punjab National Bank (PNB) and Vijaya Bank.
As on March 31, 2009 the average assets under management was around Rs 6757 crores with more than 10.1 lac investors (on the basis of live folios). The AMC now serves its clients through 40 locations and 80 investor service centres.