Mumbai: Principal Mutual Fund today announced the launch of its closed-ended debt scheme, Principal Pnb Fixed Maturity Plan 91 Days--Series XIX.

This scheme is open for subscription from today and will close on November 24,a release issued here said.

The performance of this scheme will be benchmarked against the Crisil Liquid Fund Index.

Ritesh Jain, Head-Fixed Income, will be the fund manager for this scheme.

Its investment objective is to build an income-oriented portfolio and provide returns along with regular liquidity to investors, the release said.
Source : PTI