Principal Mutual Fund has announced change in the exit load of Principal SMART Equity Fund, Principal Balanced Fund and Principal Equity Savings Fund. Accordingly, exit load shall be nil in case of redemption or switch out of units up to 24% of the units allotted on or before one year from the date of allotment. Exit load of 1% shall be charged in case of redemption in excess of 24% of the limit stated above. In case of Principal Short Term Income Fund, exit load shall be nil. The changes are effective from Jun 15.