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Fincash » Mutual Funds » Principal Balanced Advantage Fund

Principal Balanced Advantage Fund - G

NAV  ₹31.5449 ↑ 0.02  (0.06 %) as on 24 Apr 24

Scheme Objective

The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity; and in debt /money market instruments for defensive purposes. The Scheme will decide on allocation of funds into equity assets based on equity market Price Earning Ratio (PE Ratio) levels. When the markets become expensive in terms of ‘Price to Earnings’ Ratio; the Scheme will reduce its allocation to equities and move assets into debt and/or money market instruments and vice versa.

Principal Balanced Advantage Fund is a Hybrid - Dynamic Allocation fund launched on 16 Dec 10. It is a fund with Moderately High risk and has given a CAGR return of 9% since its launch.  Return for 2023 was 14.1% , 2022 was 5.7% and 2021 was 10.9% .

Below is the key information for Principal Balanced Advantage Fund

NAV as on 24 Apr 24₹31.5449 ↑ 0.02  (0.06 %)
Net Assets (AUM) as on 29 Feb 2024 ₹1,520 Cr.
Launch Date16 Dec 2010
CategoryHybrid - Dynamic Allocation
Rating
TypeOpen Ended Fund
RiskModerately High
AMCPrincipal Pnb Asset Mgmt. Co. Priv. Ltd.
Alpha Ratio0.0
Expense Ratio2.09 %
Sharpe Ratio2.229
Information Ratio0.0
BenchmarkNot Available
Min Investment ₹5,000
Min SIP Investment ₹500
Exit Load 0-1 Years (2%),1-2 Years (1%),2 Years and above(NIL)

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24

DurationReturns
1 Month 1%
3 Month 3.5%
6 Month 12.2%
1 Year 20.7%
3 Year 11%
5 Year 8.7%
10 Year
15 Year
Since launch 9%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 14.1%
2022 5.7%
2021 10.9%
2020 10%
2019 1%
2018 3.2%
2017 13.1%
2016 4.5%
2015 3.4%

Growth of 10k Over Years

DateValue
31 Mar 19₹10,000
31 Mar 20₹9,129
31 Mar 21₹11,121
31 Mar 22₹12,167
31 Mar 23₹12,440
31 Mar 24₹15,133
Principal Balanced Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash16.65%
Equity59.36%
Debt23.85%
Principal Balanced Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Cash Equivalent16.65%
Government14.35%
Corporate7.15%
Securitized2.48%
RatingValue
AAA97.88%
Principal Balanced Advantage Fund Debt Allocation
SectorValue
Financial Services24.74%
Consumer Cyclical8.87%
Technology8.75%
Energy6%
Health Care5.67%
Industrials5.52%
Basic Materials4.09%
Consumer Defensive4.08%
Utility1.93%
Communication Services1.89%
Real Estate0.65%
Principal Balanced Advantage Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | ICICIBANK
Banks - Regional6%₹99 Cr938,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | HDFCBANK
Banks - Regional6%₹94 Cr668,300
↓ -53,300
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 10 | RELIANCE
Oil & Gas Refining & Marketing6%₹88 Cr301,500
Infosys Ltd (Technology)
Equity, Since 31 Dec 17 | INFY
Information Technology Services5%₹74 Cr443,200
7.38% Govt Stock 2027
Sovereign Bonds | -
3%₹40 Cr4,000,000
Embassy Office Parks Reit
Unlisted bonds | -
2%₹38 Cr1,008,699
7.26% Govt Stock 2033
Sovereign Bonds | -
2%₹35 Cr3,500,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | MARUTI
Auto Manufacturers2%₹35 Cr30,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 10 | LT
Engineering & Construction2%₹31 Cr90,000
↓ -5,000
7.41% Govt Stock 2036
Sovereign Bonds | -
2%₹31 Cr3,000,000
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Fund Managers

NameSinceTenure
Dwijendra Srivastava1 Jan 222.25 Yr.
Ravi Gopalakrishnan16 May 221.88 Yr.
S. Bharath1 Jan 222.25 Yr.

Custodians

CompanyAddress
SBI-SG Global Securities Services Private Limited“B Wing”, “Jeevan Seva” Annexe Bldg.,Ground Floor, S.V. Road,Santacruz (W),,Mumbai – 400054

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Principal Mutual FundExchange Plaza, 2nd Floor,,National Stock Exchange Building,Bandra Kurla Complex,,Bandra East

Auditors

CompanyAddress
S. R. BATLIBOI & CoExpress Tower, 6th Floor,Nariman Point,Mumbai
BSR & Co. LLPBSR & Co. LLP

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Principal Balanced Advantage Fund
Growth
₹31.5449
↑ 0.02
12.24 %20.73 %11.02 %8.69 %
Principal Balanced Advantage Fund
Monthly Dividend, Payout
₹15.4414
↑ 0.01
11.64 %20.06 %10.6 %8.22 %
Principal Balanced Advantage Fund
Monthly Dividend, Reinvestment
₹15.4414
↑ 0.01
11.64 %20.06 %10.6 %8.22 %
Data as on 24 Apr 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.