Table of Contents
Top 4 Funds
(Now Principal Mutual Fund)
Principal PNB (Punjab National Bank) Asset Management Company act as the Investment Managers to Principal Mutual Fund. PNB Mutual Fund offers a diverse range of innovative financial solutions for both retail and institutional investors. The company uses a strict risk-management policy and appropriate research techniques to support its investment decisions.
The Fund house is a joint venture between Principal Financial Group and Punjab National Bank (PNB now have exitied the business & AMC is named as Principal Mutual Fund). It constantly aims to bring innovation in the schemes and satisfy the customer with long-term financial solutions. Today the company has around 4 Lakh customers and 102 investors centres across the country.
AMC | Principal PNB Mutual Fund |
---|---|
Date of Setup | November 25, 1994 |
AUM | INR 7418.07 crore (Jun-30-2018) |
Chairman | Mr. Mukund Chitale |
CEO/MD | Mr. Lalit Vij |
CIO | Mr. Rajat Jain |
Compliance Officer | Ms. Richa Parasrampuria |
Investor Service Officer | Mr. Hariharan Iyer |
Headquarters | Mumbai |
Customer Care Number | 1800-425-5600 |
Telephone | 022 – 67720555 |
Fax | 022 - 67720512 |
Website | www.principalindia.com |
customer[AT]principalindia.com |
Talk to our investment specialist
As mentioned in the earlier paragraph, the Principal PNB Mutual Fund is a joint venture between Principal Financial Group and Punjab National Bank (PNB). The parent company in this case is Principal Financial Group which is one of the world’s leading investment managers and is into asset management business for the past 130 years. The other party to the joint venture PNB is one of the largest nationalized banks in the country.
Both these companies together bring in various skills such as strong brand equity, distribution network, global expertise, and other related skills that have resulted in the growth of the fund house. In addition, the investment philosophy of the fund house is to understand the needs of the investors and provide a disciplined investment approach which helps in maximizing returns within the permissible risk-appetite thereby; reducing the portfolio’s volatility.
Principal Mutual Fund like other fund houses also offers a variety of schemes under various categories to cater the diverse requirements of the individuals. Some of these fund categories are explained as follows.
Equity Mutual Fund refers to the scheme that invests a predominant stake of its corpus in equity shares of various companies. These schemes are considered to be a good investment in case of long-run investments. In addition, the returns of Equity Funds are not constant as it is dependent on the performance of the underlying portfolio. Equity funds are classified into various categories such as Large cap funds, mid cap funds, Small cap funds, and ELSS. Some of the top and Best equity funds offered by Principal are listed below as follows.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Principal Emerging Bluechip Fund Growth ₹183.316
↑ 2.03 ₹3,124 2.9 13.6 38.9 21.9 19.2 Principal Global Opportunities Fund Growth ₹47.4362
↓ -0.04 ₹38 2.9 3.1 25.8 24.8 16.5 Principal Tax Savings Fund Growth ₹356.283
↑ 2.86 ₹967 6.7 2 16.2 25.6 11.1 4.3 Principal Multi Cap Growth Fund Growth ₹249.74
↑ 1.99 ₹1,851 6.6 1.9 14.5 27 11.8 -1.6 Principal Focused Multicap Fund Growth ₹115.613
↑ 0.91 ₹809 7.3 2 16.2 23.1 13.6 -0.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Dec 21
These funds invest their accumulated money in fixed income instruments. Some of the fixed income instruments in which the corpus money is invested include treasury bills, government Bonds, corporate bonds, and so on. The debt funds are considered to be less volatile as compared to equity funds. Debt funds can be considered a good investment option for short and medium-term. The various categories of debt funds include Liquid Funds, ultra short-term funds, Gilt Funds, and so on. Some of the top and Best Debt Funds of Principal PNB are tabulated as follows.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Principal Cash Management Fund Growth ₹1,996.98
↑ 0.36 ₹3,995 1.8 3.4 6.3 4.3 4.8 7.16% 29D 29D Principal Credit Risk Fund Growth ₹3,103.96
↓ -0.49 ₹15 14.3 7.9 11.5 5.8 3.44% 3M 28D 4M 16D Principal Dynamic Bond Fund Growth ₹31.9328
↑ 0.02 ₹29 5.7 4.4 7.5 2.9 4.84% 3Y 2M 1D 3Y 9M 14D Principal Short Term Debt Fund Growth ₹38.1172
↑ 0.01 ₹190 2.7 3.9 6.8 7.3 3.5 7.44% 2Y 2M 11D 3Y 2M 8D Principal Ultra Short Term Fund Growth ₹2,365.74
↑ 0.36 ₹1,639 1.8 3.1 5.5 3.7 3.7 7.25% 4M 15D 4M 23D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Jun 23
Hybrid Fund enjoy the benefits of both equity as well as debts. In other words, these funds invest their corpus in both equity and fixed income instruments in a predetermined proportion. These funds are suitable for people who are looking for capital growth along with regular income. Since hybrid funds invest their fund money in equity instruments, their returns are not constant. Some of the top and best hybrid funds offered by Principal are as follows.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Principal Hybrid Equity Fund Growth ₹117.776
↑ 0.63 ₹3,073 5 0.2 12.2 19.4 9.3 3 Principal Balanced Advantage Fund Growth ₹27.0984
↑ 0.11 ₹1,551 3.8 0.6 11.1 10 6.3 5.7 Principal Equity Savings Fund Growth ₹54.1643
↑ 0.15 ₹423 4.1 2.9 10.1 14.6 9.2 4.1 Principal Arbitrage Fund Growth ₹12.56
↓ 0.00 ₹74 1.6 3.5 5.3 3.2 2.3 3.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Jun 23
money market Mutual Fund is also known as the liquid fund. This scheme invests a major proportion of its corpus in fixed income securities whose investment tenure is less. The investment tenure of these schemes is less than or equal to 90 days. These funds are considered to have a low-risk appetite. Liquid funds are considered to be a good investment option for people having idle money in their savings bank account to earn more returns. Some of the top and best Principal’s money market Mutual Fund schemes are listed below as follows.
Fund NAV Net Assets (Cr) 1 MO (%) 3 MO (%) 6 MO (%) 1 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Principal Cash Management Fund Growth ₹1,996.98
↑ 0.36 ₹3,995 0.6 1.8 3.4 6.3 4.8 7.16% 29D 29D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Jun 23
Principal Tax Savings Fund is an ELSS of Principal PNB that was launched on March 31, 1996. The objective of the scheme is to provide capital appreciation along with tax benefits. Principal Tax Savings Fund has a lock-in period of 3 years. People investing in this scheme can avail tax deduction up to INR 1,50,000 under Section 80C of income tax Act, 1961. The performance of Principal Tax Savings Scheme is as follows.
The primary objective of the Scheme is to achieve long-term capital appreciation by investing in equity & equity related instruments of mid cap & small cap companies. Principal Emerging Bluechip Fund is a Equity - Large & Mid Cap fund was launched on 12 Nov 08. It is a fund with Moderately High risk and has given a Below is the key information for Principal Emerging Bluechip Fund Returns up to 1 year are on To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation. Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a Below is the key information for Principal Tax Savings Fund Returns up to 1 year are on (Erstwhile Principal Growth Fund) The primary investment objective of the scheme is to achieve long-term capital appreciation. Principal Multi Cap Growth Fund is a Equity - Multi Cap fund was launched on 25 Oct 00. It is a fund with Moderately High risk and has given a Below is the key information for Principal Multi Cap Growth Fund Returns up to 1 year are on The investment objective of the Scheme is to provide capital
appreciation and income distribution to the investors by using
equity and equity related instruments, arbitrage opportunities, and
investments in debt and money market instruments Principal Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 23 May 02. It is a fund with Moderately High risk and has given a Below is the key information for Principal Equity Savings Fund Returns up to 1 year are on 1. Principal Emerging Bluechip Fund
CAGR/Annualized
return of 24.8% since its launch. Ranked 1 in Large & Mid Cap
category. . Principal Emerging Bluechip Fund
Growth Launch Date 12 Nov 08 NAV (31 Dec 21) ₹183.316 ↑ 2.03 (1.12 %) Net Assets (Cr) ₹3,124 on 30 Nov 21 Category Equity - Large & Mid Cap AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 2.74 Information Ratio 0.22 Alpha Ratio 2.18 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹9,693 31 May 20 ₹8,295 31 May 21 ₹14,264 Returns for Principal Emerging Bluechip Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 31 Dec 21 Duration Returns 1 Month 2.9% 3 Month 2.9% 6 Month 13.6% 1 Year 38.9% 3 Year 21.9% 5 Year 19.2% 10 Year 15 Year Since launch 24.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Fund Manager information for Principal Emerging Bluechip Fund
Name Since Tenure Data below for Principal Emerging Bluechip Fund as on 30 Nov 21
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. Principal Tax Savings Fund
CAGR/Annualized
return of 15.8% since its launch. Ranked 8 in ELSS
category. Return for 2022 was 4.3% , 2021 was 32.1% and 2020 was 18.9% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (07 Jun 23) ₹356.283 ↑ 2.86 (0.81 %) Net Assets (Cr) ₹967 on 30 Apr 23 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.44 Sharpe Ratio -0.02 Information Ratio -0.1 Alpha Ratio 0.31 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,041 31 May 20 ₹8,002 31 May 21 ₹13,338 31 May 22 ₹14,688 31 May 23 ₹16,482 Returns for Principal Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 31 Dec 21 Duration Returns 1 Month 5.2% 3 Month 6.7% 6 Month 2% 1 Year 16.2% 3 Year 25.6% 5 Year 11.1% 10 Year 15 Year Since launch 15.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.3% 2021 32.1% 2020 18.9% 2019 2.5% 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% 2013 8.5% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 3.51 Yr. Rohit Seksaria 1 Jan 22 1.33 Yr. Data below for Principal Tax Savings Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 35.72% Consumer Cyclical 12.73% Industrials 11.18% Technology 10.08% Consumer Defensive 6.56% Energy 6.46% Basic Materials 4.4% Health Care 3.77% Communication Services 1.2% Real Estate 0.62% Asset Allocation
Asset Class Value Cash 7.24% Equity 92.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹71 Cr 770,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE6% ₹62 Cr 258,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK6% ₹57 Cr 335,117 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC5% ₹44 Cr 157,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹42 Cr 333,000
↑ 15,000 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹39 Cr 683,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹29 Cr 334,000 Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹25 Cr 78,000 Ashok Leyland Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Aug 20 | 5004772% ₹24 Cr 1,630,000 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 5426522% ₹21 Cr 67,000
↓ -6,000 3. Principal Multi Cap Growth Fund
CAGR/Annualized
return of 15.3% since its launch. Ranked 12 in Multi Cap
category. Return for 2022 was -1.6% , 2021 was 46.3% and 2020 was 15% . Principal Multi Cap Growth Fund
Growth Launch Date 25 Oct 00 NAV (07 Jun 23) ₹249.74 ↑ 1.99 (0.80 %) Net Assets (Cr) ₹1,851 on 30 Apr 23 Category Equity - Multi Cap AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.33 Sharpe Ratio -0.26 Information Ratio -0.87 Alpha Ratio -2.96 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,089 31 May 20 ₹8,009 31 May 21 ₹13,456 31 May 22 ₹15,292 31 May 23 ₹16,987 Returns for Principal Multi Cap Growth Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 31 Dec 21 Duration Returns 1 Month 4.7% 3 Month 6.6% 6 Month 1.9% 1 Year 14.5% 3 Year 27% 5 Year 11.8% 10 Year 15 Year Since launch 15.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 -1.6% 2021 46.3% 2020 15% 2019 3.9% 2018 -8.7% 2017 48.7% 2016 6.4% 2015 2.8% 2014 49.4% 2013 8.3% Fund Manager information for Principal Multi Cap Growth Fund
Name Since Tenure Ratish Varier 1 Jan 22 1.33 Yr. Sudhir Kedia 1 Jan 22 1.33 Yr. Data below for Principal Multi Cap Growth Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 28.69% Industrials 17.77% Consumer Cyclical 11.67% Basic Materials 10.49% Health Care 7.39% Technology 5.9% Consumer Defensive 4.73% Energy 4.04% Communication Services 3.71% Utility 2.26% Real Estate 1.84% Asset Allocation
Asset Class Value Cash 1.48% Equity 98.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹108 Cr 1,174,228 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹89 Cr 530,246 State Bank of India (Financial Services)
Equity, Since 30 Nov 08 | SBIN4% ₹78 Cr 1,357,380 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE4% ₹75 Cr 308,999
↓ -113,956 Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY4% ₹75 Cr 596,069
↑ 72,614 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | AXISBANK3% ₹52 Cr 610,098 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Dec 21 | NAVINFLUOR3% ₹51 Cr 105,931
↑ 10,211 KSB Ltd (Industrials)
Equity, Since 31 Jul 22 | KSB2% ₹45 Cr 199,452 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Dec 21 | HINDUNILVR2% ₹42 Cr 172,869 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 31 Mar 23 | NTPC2% ₹42 Cr 2,433,441
↑ 1,749,441 4. Principal Equity Savings Fund
CAGR/Annualized
return of 8.4% since its launch. Ranked 38 in Equity Savings
category. Return for 2022 was 4.1% , 2021 was 18.2% and 2020 was 14.6% . Principal Equity Savings Fund
Growth Launch Date 23 May 02 NAV (07 Jun 23) ₹54.1643 ↑ 0.15 (0.28 %) Net Assets (Cr) ₹423 on 30 Apr 23 Category Hybrid - Equity Savings AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 2.4 Sharpe Ratio -0.15 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,422 31 May 20 ₹10,098 31 May 21 ₹13,057 31 May 22 ₹14,189 31 May 23 ₹15,395 Returns for Principal Equity Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 31 Dec 21 Duration Returns 1 Month 2.9% 3 Month 4.1% 6 Month 2.9% 1 Year 10.1% 3 Year 14.6% 5 Year 9.2% 10 Year 15 Year Since launch 8.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.1% 2021 18.2% 2020 14.6% 2019 5.1% 2018 1.6% 2017 15% 2016 5.5% 2015 3.6% 2014 12.8% 2013 1.2% Fund Manager information for Principal Equity Savings Fund
Name Since Tenure Dwijendra Srivastava 1 Jan 22 1.33 Yr. Sudhir Kedia 29 Oct 19 3.5 Yr. Rohit Seksaria 1 Jan 22 1.33 Yr. Data below for Principal Equity Savings Fund as on 30 Apr 23
Asset Allocation
Asset Class Value Cash 51.74% Equity 42.15% Debt 6.1% Equity Sector Allocation
Sector Value Financial Services 34.42% Technology 11.8% Industrials 8.32% Consumer Cyclical 6.79% Consumer Defensive 3.94% Basic Materials 2.86% Energy 2.12% Health Care 0.55% Debt Sector Allocation
Sector Value Cash Equivalent 51.74% Government 4.93% Corporate 1.18% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | HDFCBANK8% ₹35 Cr 208,423 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | ICICIBANK7% ₹28 Cr 302,700 Hdfc Bank Limited May 2023
Derivatives | -6% -₹26 Cr 156,200
↑ 156,200 Infosys Ltd (Technology)
Equity, Since 30 Jun 21 | INFY5% ₹21 Cr 165,900
↑ 14,400 364 DTB 06072023
Sovereign Bonds | -5% ₹20 Cr 2,000,000 Future on ICICI Bank Ltd
Derivatives | -4% -₹18 Cr 196,700 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 17 | HDFC4% ₹16 Cr 57,100
↑ 10,000 5.22% Govt Stock 2025
Sovereign Bonds | -3% ₹15 Cr 1,500,000 Future on Tech Mahindra Ltd
Derivatives | -3% -₹14 Cr 132,600 Tech Mahindra Ltd (Technology)
Equity, Since 31 Dec 21 | TECHM3% ₹14 Cr 132,600
After SEBI's (Securities and Exchange Board of India) circulation on re-categorisation and rationalisation of open-ended Mutual Funds, many Mutual Fund Houses are incorporating changes in their scheme names and categories. SEBI introduced new and broad categories in Mutual Funds in order to bring uniformity in similar schemes launched by the different Mutual Funds. This is to aim and ensure that investors can find it easier to compare the products and evaluate the different options available before investing in a scheme.
Here is a list of Principal schemes that got new names:
Existing Scheme Name | New Scheme Name |
---|---|
Principal Credit Opportunities Fund | Principal Credit Risk Fund |
Principal Debt Savings Fund | Principal Corporate Bond Fund |
Principal Growth Fund | Principal Multi Cap Growth Fund |
Principal Index Fund - Nifty | Principal Nifty 100 Equal Weight Fund |
Principal Large Cap Fund | Principal Focused Multicap Fund |
Principal Retail Money Manager Fund | Principal Ultra Short Term fund |
Principal Short Term Income Fund | Principal Short Term Debt fund |
*Note-The list will be updated as and when we get an insight about the changes in the scheme names.
Principal Mutual Fund offers SIP mode of investment in most of its schemes. SIP or Systematic Investment Plan is an investment mode wherein people invest in small amounts at regular intervals. SIP helps people to assess how much funds do they need to save today to attain their future objectives by saving in small amounts.
You can get your Principal PNB mutual fund statement online on its website. You need to provide your folio number to get the account statement. You can avail your statement of last financial year, the current financial year or you can specify the date range. You also have an option to choose the statement format i.e. it can be either in a PDF format or an Excel sheet format.
Principal PNB Mutual Fund too offers its own calculator that helps investors to portray how the SIP investment grows over time. In addition, it also helps them to calculate their present savings amount so that they can achieve their future objectives. Some of the input data that needs to be entered in the mutual fund calculator is present monthly savings that individuals can afford, the income of the individual, expected returns on the investment, and so on.
Know Your Monthly SIP Amount
PNB Principal Mutual Fund NAV can be found on the AMFI website. The latest NAV can also be found on the asset management company's website. You can also check for the historical NAV of the PNB Principal Mutual Fund on the AMFI website.
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Principal Financial Services Inc., USA [through its subsidiary Principal Financial Group (Mauritius) Limited]
Exchange Plaza, Ground Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East), Mumbai - 400051