Principal Mutual Fund

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Principal Mutual Fund is managed by Principal PNB Asset Management Company and offers a variety of creative investment options for institutional as well as retail investors.

The company is dedicated to superior research, rigorous process orientation, and risk control to support their investment decisions. The company manages assets for more than 4 lakh customers across India. It also has more than 20,000 empanelled distributors who follow a disciplined and long-term approach to ensure that the investments of individuals are protected and their wealth grows over time.

Types of Mutual Funds Offered by Principal Mutual Funds

The following are the different types of offered by Principal PNB Asset Management Company:

Equity Funds
ELSS Funds
Balanced Funds
Debt/Fixed Income Funds
Liquid Funds
Fund of Funds

Equity Funds Offered by Principal PNB Asset Management Company

The following are the various equity funds offered by Principal PNB Asset Management Company:

Principal Dividend Yield FundFund TypeOpen-ended equity schemeEntry LoadN/AExit LoadBenchmarkNifty Dividend Opportunities 50 IndexFund ManagerDhimant ShahRisk FactorModerately highInvestment Objective of Principal Dividend Yield FundThe investment objective of Principal Dividend Yield Fund is to generate capital growth along with dividend distribution through investments primarily in a diversified portfolio comprising stocks of companies whose dividend yield is relatively high.Who is Principal Dividend Yield Fund suitable for?The Principal Dividend Yield Fund is ideal for those who want capital growth in the long term by investment in equity and equity-related instruments of companies whose dividend yield is high.
1. If any of the units are redeemed before a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV
2. No exit load shall be applicable for redemptions thereafter
Principal Emerging Bluechip FundFund TypeOpen-ended equity schemeEntry LoadN/AExit LoadIf any of the units are redeemed before a year from when they were allotted, the exit load charged shall be 1% of the applicable NAVBenchmarkNifty Large Midcap 250 IndexFund ManagerDhimant ShahRisk FactorModerately highInvestment Objective of Principal Emerging Bluechip FundThe investment objective of Principal Emerging Bluechip Fund is to generate capital growth in the long term through investment in equity and equity-related securities of midcap and large-cap companies.Who is Principal Emerging Bluechip Fund suitable for?The Principal Emerging Bluechip Fund is ideal for those who want capital appreciation in the long term by making investments in equity and equity-related instruments of mid- and large-cap companies.
Principal Balanced Advantage FundFund TypeOpen-ended dynamic asset allocation fundEntry LoadN/AExit LoadBenchmarkNifty Arbitrage Index (15%) + CRISIL Short Term Bond Index (35%) + Nifty 100 Index (50%)Fund ManagerPVK Mohan for Equity and Bekxy Kuriakose for DebtRisk FactorModerately highnvestment Objective of Principal Balanced Advantage FundThe investment objective of Principal Balanced Advantage Fund is to generate capital growth in the long term with lower volatility by allocating funds in a systematic manner into equity, money market and debt securities for defensive reasons. The PE ratio of equity markets will determine how much the scheme will allocate into equity assets. In case the PE ratio sees the markets turn expensive, the allocation in equities will come down and assets will be moved into money market and/or debt securities and vice versa.Who is Principal Balanced Advantage Fund suitable for?The Principal Balanced Advantage Fund is ideal for those who want capital appreciation in the long term by making investments in equity and equity-related instruments along with money market and debt instruments in a systematic manner.
1. If any of the units are redeemed before a year from when they were allotted, no exit load will be levied for redeeming or switching out up to 24% of the total units
2. An exit load of 1% shall apply if more than 24% of the units are redeemed within a year from the date of allotment
3. No exit load shall be applicable for units that are redeemed or switched out after a year from when they were allotted
Principal Arbitrage FundFund TypeOpen-ended schemeEntry LoadN/AExit LoadBenchmarkNifty 50 Arbitrage IndexFund ManagerRajat JainRisk FactorModerately lowInvestment Objective of Principal Arbitrage FundThe investment objective of Principal Arbitrage Fund is to generate income as well as capital growth through investments in arbitrage opportunities in equity markets’ derivative and cash segments, and making investments partly in money market and debt securities.Who is Principal Arbitrage Fund suitable for?The Principal Arbitrage Fund is ideal for those who want short-term income through investments primarily in arbitrage opportunities.
1. If any of the units are redeemed within 30 days from when they were allotted, the exit load charged shall be 0.50% of the applicable NAV
2. No exit load shall apply for units that are redeemed after 30 days from when they were allotted
Principal Focused Multicap FundFund TypeOpen-ended equity schemeEntry LoadN/AExit LoadBenchmarkS&P BSE 250 Large Midcap IndexFund ManagerDhimant ShahRisk FactorModerately highInvestment Objective of Principal Focused Multicap FundThe investment objective of Principal Focused Multicap Fund is to generate capital growth as well as dividend distribution by making investments in no more than 30 stocks across different market capitalisations.Who is Principal Focused Multicap Fund suitable for?The Principal Focused Multicap Fund is ideal for those who want capital appreciation in the long term through investments in equity and equity-related instruments of no more than 30 stocks across different market capitalisations.
1. If any of the units are redeemed before a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV
2. No exit load shall be levied on redemptions thereafter
Principal Multi Cap Growth FundFund TypeOpen-ended equity schemeEntry LoadN/AExit LoadBenchmarkNifty 500 IndexFund ManagerPVK MohanRisk FactorModerately highInvestment Objective of Principal Multi Cap Growth FundThe investment objective of Principal Multi Cap Growth Fund is to generate capital growth in the long term.Who is Principal Multi Cap Growth Fund suitable for?Principal Multi Cap Growth Fund is ideal for those who want capital appreciation in the long term by investing in equity and equity-related instruments of companies across multiple market capitalisations.
1. If any of the units are redeemed prior to a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV
2. No exit load shall be charged on redemptions thereafter
Principal Nifty 100 Equal Weight FundFund TypeOpen-ended schemeEntry LoadN/AExit LoadBenchmarkNifty 100 Equal Weight IndexFund ManagerRajat JainRisk FactorModerately highInvestment Objective of Principal Nifty 100 Equal Weight FundThe investment objective of Principal Nifty 100 Equal Weight Fund is to invest mainly in instruments that try to achieve results that correspond with the performance of the Nifty 100 Equal Weight Index.Who is Principal Nifty 100 Equal Weight Fund suitable for?The Principal Nifty 100 Equal Weight Fund is ideal for those want capital appreciation in the long term by making investments in equity instruments of companies that fall under the Nifty 100 Equal Weight Index.
1. If any of the units are redeemed prior to the completion of 90 days from when they were allotted, the exit load charged shall be 1% of the applicable NAV
2. No exit load shall be charged on redemptions after 90 days from the date of allotment
Principal Equity Savings FundFund TypeOpen-ended schemeEntry LoadN/AExit LoadNilBenchmarkCRISIL Liquid Fund Index (70%) and Nifty 50 Index (30%)Fund ManagerPVK Mohan for Equity and Pankaj Jain for DebtRisk FactorModerately highInvestment Objective of Principal Equity Savings FundThe investment objective of Principal Equity Savings Fund is to offer income distribution and capital appreciation through investment in arbitrage opportunities, equity and equity-related securities, as well as money market and debt securities.Who is Principal Equity Savings Fund suitable for?The Principal Equity Savings Fund is ideal for those who want capital growth as well as income generation between the medium and long term by investing in arbitrage opportunities, equity and equity-related instruments, and money market and debt securities.

ELSS Funds Offered by Principal PNB Asset Management Company

The following are the ELSS funds offered by Principal PNB Asset Management Company:

Principal Tax Savings FundFund TypeOpen-ended equity linked saving scheme which comes with a 3-year statutory lock-in periodEntry LoadN/AExit LoadNilBenchmarkNifty 500 IndexFund ManagerPVK MohanRisk FactorModerately highInvestment Objective of Principal Tax Savings FundThe investment objective of Principal Tax Savings Fund is to generate capital appreciation by investing in a growth-oriented portfolio and offering tax benefits to investors.Who is the Principal Tax Savings Fund suitable for?The Principal Tax Savings Fund is ideal for those who want capital growth in the long term by investing in equity and equity-related instruments across multiple market capitalisations.
Principal Personal Tax Saver Fund (No More Fresh Subscriptions Available)Fund TypeOpen-ended equity linked saving schemeEntry LoadN/AExit LoadNilBenchmarkNifty 500 IndexFund ManagerPVK MohanRisk FactorModerately highInvestment Objective of Principal Personal Tax Saver FundThe investment objective of Principal Personal Tax Saver Fund is to generate capital growth in the long term by replicating or bettering the performance of the BSE 100 Index. It also offers tax benefits to investors.Who is the Principal Personal Tax Saver Fund suitable for?The Principal Personal Tax Saver Fund is ideal for those who want capital growth in the long term by making investments in equity and equity-related instruments of large cap companies.

Balanced Fund Offered by Principal PNB Asset Management Company

The following is the balanced fund offered by Principal PNB Asset Management Company:

Principal Hybrid Equity FundFund TypeOpen-ended hybrid schemeEntry LoadN/AExit LoadBenchmarkCRISIL Hybrid 65+35 Aggressive IndexFund ManagerPVK Mohan for Equity and Bekxy Kuriakose for DebtRisk FactorModerately highInvestment Objective of Principal Hybrid Equity FundThe investment objective of Principal Hybrid Equity Fund is to generate capital growth in the long term as well as current income through investment in equity and equity-related instruments along with fixed income instruments.Who is the Principal Hybrid Equity Fund for?The Principal Hybrid Equity Fund is ideal for those who want capital growth in the long term along by making investments in equity and equity-related instruments, money market and debt instruments, and derivatives.
1. If any of the units are redeemed before a year from when they were allotted, no exit load will be levied for redeeming or switching out up to 24% of the total units
2. An exit load of 1% shall apply if more than 24% of the units are redeemed within a year from the date of allotment
3. No exit load shall be applicable for units that are redeemed or switched out after a year from when they were allotted

Debt/Fixed Income Funds Offered by Principal PNB Asset Management Company

The following are the debt/fixed income funds offered by Principal PNB Asset Management Company:

Principal Dynamic Bond FundFund TypeOpen-ended dynamic debt schemeEntry LoadN/AExit LoadBenchmarkCRISIL Composite Bond Fund IndexFund ManagerBekxy KuriakoseRisk FactorModerateInvestment Objective of Principal Dynamic Bond FundThe investment objective of Principal Dynamic Bond Fund is to generate capital growth as well as regular income by making investments in money market and debt securities.Who is the Principal Dynamic Bond Fund for?The Principal Dynamic Bond Fund is ideal for those who want income in the long term by investing in money market and debt securities.
1. If any of the units are redeemed within a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV
2. No exit load shall be applicable for units that are redeemed or switched out after a year from when they were allotted
Principal Short Term Debt FundFund TypeOpen-ended short-term debt schemeEntry LoadN/AExit LoadNilBenchmarkCRISIL Short Term Bond Fund IndexFund ManagerGurvinder Singh WasanRisk FactorModerateInvestment Objective of Principal Short Term Debt FundThe investment objective of the Principal Short Term Debt Fund is to generate capital growth as well as regular income by investing in money market and debt securities.Who is the Principal Short Term Debt Fund for?The Principal Short Term Debt Fund is ideal for those who want income in the medium term by making investments in money market and debt securities.
Principal Corporate Bond FundFund TypeOpen-ended debt schemeEntry LoadN/AExit LoadBenchmarkCRISIL Short Term Bond Fund IndexFund ManagerGurvinder Singh WasanRisk FactorModerateInvestment Objective of Principal Corporate Bond FundThe investment objective of Principal Corporate Bond Fund is to generate capital growth along with a steady income through investments mainly in corporate debt instruments that are rated AA+ and above. The securities in which the scheme invests are of different ratings and maturities, helping in the maintenance of the optimum balance of liquidity, safety, and yield.Who is the Principal Corporate Bond Fund for?The Principal Corporate Bond Fund is ideal for those who want income in the long term by investing mainly in corporate bonds that are rated AA+ and above.
1. If any of the units are redeemed within a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV.
2. No exit load shall be applicable for units that are redeemed after a year from when they were allotted.
Principal Ultra Short Term FundFund TypeOpen-ended ultra-short term debt schemeEntry LoadN/AExit LoadNilBenchmarkCRISIL Liquid Fund IndexFund ManagerPankaj JainRisk FactorModerately lowInvestment Objective of Principal Ultra Short Term FundThe investment objective of Principal Ultra Short Term Fund is to generate capital growth along with regular income by making investments in money market and debt instruments.Who is the Principal Ultra Short Term Fund for?The Principal Ultra Short Term Fund is ideal for those who want income in the short term by investing in money market and debt instruments.
Principal Low Duration FundFund TypeOpen-ended low duration debt schemeEntry LoadN/AExit LoadNilBenchmarkCRISIL Low Duration Debt IndexFund ManagerPankaj JainRisk FactorModerately lowInvestment Objective of Principal Low Duration FundThe investment objective of Principal Low Duration Fund is to generate capital growth as well as regular income by making investments in money market and debt securities.Who is the Principal Low Duration Fund for?The Principal Low Duration Fund is ideal for those who want income in the short term by making investments in money market and debt securities.
Principal Credit Risk FundFund TypeOpen-ended debt schemeEntry LoadN/AExit LoadNilBenchmarkCRISIL Composite AA Short Term Bond IndexFund ManagerGurvinder Singh WasanRisk FactorModerateInvestment Objective of Principal Credit Risk FundThe investment objective of the Principal Credit Risk Fund is to generate capital gains as well as regular income through investments mainly in corporate debt instruments that are rated AA and below.Who is the Principal Credit Risk Fund suitable for?The Principal Credit Risk Fund is ideal for those who want income in the medium term by making investments mainly in corporate debt instruments that are rated AA and below.

Liquid Funds Offered by Principal PNB Asset Management Company

The following is the liquid fund offered by Principal PNB Asset Management Company:

Principal Cash Management FundFund TypeOpen-ended liquid schemeEntry LoadN/AExit LoadNilBenchmarkCRISIL Liquid Fund IndexFund ManagerPankaj JainRisk FactorLowInvestment Objective of Principal Cash Management FundThe investment objective of the Principal Cash Management Fund is to generate income while ensuring that capital is preserved and liquidity is maintained by making investments in investment grade debt securities and money market instruments whose maturity periods are under 91 days.Who is the Principal Cash Management Fund suitable for?The Principal Cash Management Fund is ideal for those who want income in the short term by making investments in money market and debt securities whose maturity periods are no longer than 91 days.

Fund of Funds Schemes Offered by Principal PNB Asset Management Company

Principal PNB Asset Management Company offers the following Fund of Funds schemes:

Principal Global Opportunities FundFund TypeOpen-ended fund of fund schemeEntry LoadN/AExit LoadBenchmarkMSCI All Country World Small Cap IndexFund ManagerRajat JainRisk FactorHighInvestment Objective of Principal Global Opportunities FundThe investment objective of the Principal Global Opportunities Fund is to generate capital growth in the long term through investment mainly in foreign mutual fund schemes, and partly in money market instruments and/or units of liquid or money market schemes of the company.Who is the Principal Global Opportunities Fund suitable for?The Principal Global Opportunities Fund is ideal for those who want capital growth in the long term by making investments in foreign mutual fund schemes.
1. If any of the units are redeemed with a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV.
2. No exit load shall be levied on redemptions made after the completion of a year.
Principal Retirement Savings FundFund TypeOpen-ended retirement solution oriented scheme that is locked-in until retirement age or five years (whichever is earlier)Entry LoadN/AExit LoadNilBenchmarkComposite Benchmark Nifty 50 (30%) + CRISIL Liquid Fund (70%) Index for the Conservative Plan; CRISIL Hybrid 65 + 35 Aggressive Index for the Moderate Plan; and Nifty 200 Full Market Cap Index for the Progressive PlanFund ManagerPVK MohanRisk FactorModerately highInvestment Objective of Principal Retirement Savings FundThe investment objective of the Principal Retirement Savings Fund is to generate capital appreciation as well as income so that investors can save in the long term for their retirement. Investments under this scheme are done in a combination of instruments that consist of equity and equity-related securities as well as fixed income securities.Who is the Principal Retirement Savings Fund suitable for?
1. The Conservative Plan of the Principal Retirement Savings Fund is ideal for those who want capital growth and income between the medium and long term.
2. The Moderate Plan of the Principal Retirement Savings Fund is ideal for those who want capital appreciation and income in the long term by making investments in derivatives, money market and debt instruments, and equity and equity-related instruments.
3. The Progressive Plan of the Principal Retirement Savings Fund is ideal for those who want capital appreciation in the long term by making investments in equity and equity-related instruments of companies across multiple market capitalisations.

Save Tax by Investing in Tax Savings Mutual Funds from Principal Mutual Fund

Investors who wish to avail tax benefits on their investments under Section 80C of the Income Tax Act, 1961, can invest in the following scheme from Principal Mutual Fund:

Principal Tax Savings Fund

Who is eligible for Principal Mutual Funds?

Mutual funds from Principal PNB Asset Management Company can be availed by the following entities:

Resident Indians
Non-resident Indians
Partnership firms
Banking institutions
Trusts
HUFs
Pension funds
Insurance firms
Public financial institutions
Foreign institutional investors
Companies
Parents or legal guardians in case of investments made on behalf of minors

Documents Required for Principal Mutual Funds

Here are the documents you will require to make investments in Principal Mutual Funds:

Application form
Address Proof
ID Proof
KYC documents

How to Invest in Principal Mutual Funds Online?

Here are the steps you can follow to invest in Principal Mutual Funds:

Visit https://online.princpialindia.com and click on ‘New to Principal MF’ if you have never invested before.
You will be redirected to a new page where you will have to choose from one of the two options available: ‘I am a U.S. Person or a Resident of Canada’, or ‘I am not a U.S. Person or Resident of Canada’.
Select the second option to proceed, after which you will be redirected to another page where you will have to select the scheme category (equity/liquid/debt/NFO) and then choose the scheme in which you wish to invest. You will also have to select the investment mode, viz. Direct or Regular after which the screen will show the NAV details of the scheme along with the cut-off time and minimum amount. Click on ‘Go’ to proceed.
You will be directed to the Investor Details page where you will have to enter details such as your name, gender, your father’s name, your date of birth, your PAN, the category under which you fall (Resident Indian or Non-Resident Indian), your status (individual or HUF or minor), your occupation, the mode of holding, the income tax slab under which you fall, your country and place of birth, your country of citizenship, your mobile number and email address, etc. You will also have to check the box which says ‘I have read and accepted the Terms and Conditions’ and the click on Submit.
You will then have to fill in the Purchase Application Form and get the Investor Detail Confirmation and Purchase Confirmation to complete your investment process.

Why Choose Principal Mutual Funds?

Principal Mutual Funds is quickly building a reputation for itself thanks to the provision of quality investment options. The company understands its customers’ needs and follows a disciplined approach which enables it to take acceptable risks. At the same time, it aims at lowering the volatility of the portfolio and delivering sound returns. The company has a handful of experienced investment managers who have the expertise to offer good returns in the long term.

GST rate of 18% applicable for all financial services effective July 1, 2017.

FAQs on Principal Mutual Fund

Why should I make investments in mutual funds? If you want long-term capital appreciation to meet financial goals in the future, mutual funds are a good option to consider, especially equity funds. If you are an older, risk-averse investor who wants a steady income, debt schemes are an ideal option. Depending upon your investment objective and your risk appetite, mutual funds can come in handy as an investment instrument.
What is meant by purchase price? The price paid by an investor at the time of investing in a scheme is called purchase price or offer price.
How do you define exit load? When a unitholder redeems or switches-out his/her units in a mutual fund, the fund house usually levies a small fee on the redemption or switch-out. This fee is called the exit load. Most fund houses charge 1% of the applicable NAV as the exit load for redemptions or switch-outs that occur within a year from when the units were allotted.
Where do I get an application form to invest in mutual funds? Investors can approach a branch of the fund house from which they want to invest in units of a mutual fund. You could also download the application form online as most fund houses have an option to get the form online.
When I redeem the units in a mutual fund, will the proceeds be sent directly to my bank account? Depending upon the redemption request made by an investor, redemption proceeds could be transferred directly to your bank account.
How long does it take for the account statement to be sent to the investor? When you invest in a mutual fund, you will receive a confirmation in the form of an SMS or an email within five business days from the date on which you submit your application. You will also receive an email or a physical copy of all the transactions across the funds within 10 days from the end of the following month.
When is the NAV of a mutual fund declared? The NAV of a mutual fund is usually declared prior to 9 p.m. based on the type of scheme in which you have invested.

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