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Principal PNB Mutual Fund

Updated on October 20, 2020 , 3186 views

(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.

Principal Mutual Fund

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
Email customer[AT]principalindia.com

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About Principal PNB Mutual Fund

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.

Mutual Fund Performance of Principal Mutual Fund

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.

Principal Equity Mutual Fund

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.

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
Principal Emerging Bluechip Fund Growth ₹111.38
↑ 0.20
₹2,1199.327.27.71.39.96.8
Principal Global Opportunities Fund Growth ₹33.5108
↓ -0.11
₹195.832.513.15.39.732.5
Principal Tax Savings Fund Growth ₹207.96
↑ 0.35
₹3986.827.14.40.37.82.5
Principal Multi Cap Growth Fund Growth ₹141.61
↓ -0.56
₹6507.125.930.37.93.9
Principal Dividend Yield Fund Growth ₹56.19
↑ 0.11
₹1686.323.36.83.59.84.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Oct 20

Debt Funds

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.

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2019 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Principal Cash Management Fund Growth ₹1,783
↑ 0.14
₹1520.81.74.22.96.23.21%20D21D
Principal Credit Risk Fund Growth ₹3,103.96
↓ -0.49
₹1514.37.911.55.8 3.44%3M 28D4M 16D
Principal Short Term Debt Fund Growth ₹34.0545
↓ 0.00
₹1611.15.710.24.4-1.74.82%2Y 1M 10D2Y 5M 23D
Principal Dynamic Bond Fund Growth ₹31.9328
↑ 0.02
₹295.74.47.52.9 4.84%3Y 2M 1D3Y 9M 14D
Principal Ultra Short Term Fund Growth ₹2,151.83
↑ 0.17
₹1510.724.54.16.53.59%3M 23D4M
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Oct 20

Hybrid Funds

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.

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
Principal Hybrid Equity Fund Growth ₹78.39
↓ -0.21
₹1,0675.319.64.82.28.82.1
Principal Equity Savings Fund Growth ₹39.0425
↑ 0.10
₹443.113.77.14.76.15.1
Principal Balanced Advantage Fund Growth ₹21.76
↓ -0.02
₹1432.411.463.85.21
Principal Arbitrage Fund Growth ₹11.4755
↓ 0.00
₹80.50.52.52 3.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Oct 20

Money Market Mutual Funds

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.

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)2019 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Principal Cash Management Fund Growth ₹1,783
↑ 0.14
₹1520.30.81.74.26.23.21%20D21D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Oct 20

Principal Tax Savings Fund

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.

1. Principal Emerging Bluechip Fund

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 CAGR/Annualized return of 22.4% since its launch.  Ranked 1 in Large & Mid Cap category.  Return for 2019 was 6.8% , 2018 was -11% and 2017 was 49.1% .

Below is the key information for Principal Emerging Bluechip Fund

Principal Emerging Bluechip Fund
Growth
Launch Date 12 Nov 08
NAV (22 Oct 20) ₹111.38 ↑ 0.20   (0.18 %)
Net Assets (Cr) ₹2,119 on 30 Sep 20
Category Equity - Large & Mid Cap
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.1
Sharpe Ratio 0.21
Information Ratio -0.36
Alpha Ratio 1.14
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.

DateValue
30 Sep 15₹10,000
30 Sep 16₹12,186
30 Sep 17₹15,071
30 Sep 18₹14,970
30 Sep 19₹15,206
30 Sep 20₹16,161

Principal Emerging Bluechip Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for Principal Emerging Bluechip Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 20

DurationReturns
1 Month 4.9%
3 Month 9.3%
6 Month 27.2%
1 Year 7.7%
3 Year 1.3%
5 Year 9.9%
10 Year
15 Year
Since launch 22.4%
Historical performance (Yearly) on absolute basis
YearReturns
2019 6.8%
2018 -11%
2017 49.1%
2016 11.2%
2015 6%
2014 80.2%
2013 5.8%
2012 55%
2011 -34.7%
2010 19.7%
Fund Manager information for Principal Emerging Bluechip Fund
NameSinceTenure
Ravi Gopalakrishnan11 Oct 190.97 Yr.

Data below for Principal Emerging Bluechip Fund as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services21.46%
Consumer Cyclical15.59%
Basic Materials12.56%
Technology11.66%
Health Care9.73%
Industrials9.16%
Energy6.7%
Consumer Defensive4.9%
Communication Services1.93%
Utility1.26%
Asset Allocation
Asset ClassValue
Cash5.05%
Equity94.95%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE
6%₹129 Cr578,720
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 17 | HDFCBANK
5%₹104 Cr967,440
Infosys Ltd (Technology)
Equity, Since 31 Jan 16 | INFY
4%₹78 Cr777,880
Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Sep 17 | 540699
3%₹66 Cr75,355
↓ -17,885
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Aug 18 | DIVISLAB
3%₹65 Cr214,650
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | ICICIBANK
3%₹63 Cr1,786,978
Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 31 May 18 | JUBLFOOD
2%₹51 Cr216,340
↓ -18,560
AIA Engineering Ltd (Industrials)
Equity, Since 31 May 14 | AIAENG
2%₹51 Cr273,900
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 18 | TCS
2%₹50 Cr201,870
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 15 | 532504
2%₹50 Cr225,673
↓ -25,075

2. Principal Tax Savings Fund

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 CAGR/Annualized return of 15.1% since its launch.  Ranked 8 in ELSS category.  Return for 2019 was 2.5% , 2018 was -9.2% and 2017 was 48.8% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (22 Oct 20) ₹207.96 ↑ 0.35   (0.17 %)
Net Assets (Cr) ₹398 on 30 Sep 20
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.56
Sharpe Ratio 0.02
Information Ratio -0.88
Alpha Ratio -0.96
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹11,825
30 Sep 17₹14,459
30 Sep 18₹14,757
30 Sep 19₹14,581
30 Sep 20₹14,669

Principal Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070
Invest Now

Returns for Principal Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 20

DurationReturns
1 Month 5.5%
3 Month 6.8%
6 Month 27.1%
1 Year 4.4%
3 Year 0.3%
5 Year 7.8%
10 Year
15 Year
Since launch 15.1%
Historical performance (Yearly) on absolute basis
YearReturns
2019 2.5%
2018 -9.2%
2017 48.8%
2016 6.2%
2015 2.7%
2014 49.4%
2013 8.5%
2012 46.5%
2011 -30.4%
2010 15%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
Sudhir Kedia29 Oct 190.92 Yr.

Data below for Principal Tax Savings Fund as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services25.65%
Technology13.24%
Consumer Defensive11.13%
Industrials9.05%
Energy8.47%
Consumer Cyclical8.39%
Health Care8.09%
Basic Materials7.73%
Utility3.22%
Communication Services2.24%
Asset Allocation
Asset ClassValue
Cash1.81%
Equity98.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
8%₹31 Cr286,001
↑ 18,430
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹24 Cr688,956
↑ 23,435
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE
6%₹22 Cr98,359
↓ -36,893
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
5%₹20 Cr194,950
↓ -15,010
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
4%₹16 Cr63,649
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT
3%₹13 Cr144,140
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
3%₹12 Cr95,263
↑ 12,365
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 500696
3%₹10 Cr48,180
Nestle India Ltd (Consumer Defensive)
Equity, Since 31 Jul 20 | NESTLEIND
2%₹9 Cr5,675
↑ 515
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL
2%₹9 Cr212,010
↑ 7,815

3. Principal Multi Cap Growth Fund

(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 CAGR/Annualized return of 14.2% since its launch.  Ranked 12 in Multi Cap category.  Return for 2019 was 3.9% , 2018 was -8.7% and 2017 was 48.7% .

Below is the key information for Principal Multi Cap Growth Fund

Principal Multi Cap Growth Fund
Growth
Launch Date 25 Oct 00
NAV (22 Oct 20) ₹141.61 ↓ -0.56   (-0.39 %)
Net Assets (Cr) ₹650 on 30 Sep 20
Category Equity - Multi Cap
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.4
Sharpe Ratio 0.02
Information Ratio -0.76
Alpha Ratio -0.89
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.

DateValue
30 Sep 15₹10,000
30 Sep 16₹11,817
30 Sep 17₹14,495
30 Sep 18₹14,881
30 Sep 19₹14,741
30 Sep 20₹14,809

Principal Multi Cap Growth Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070
Invest Now

Returns for Principal Multi Cap Growth Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 20

DurationReturns
1 Month 5.1%
3 Month 7.1%
6 Month 25.9%
1 Year 3%
3 Year 0.3%
5 Year 7.9%
10 Year
15 Year
Since launch 14.2%
Historical performance (Yearly) on absolute basis
YearReturns
2019 3.9%
2018 -8.7%
2017 48.7%
2016 6.4%
2015 2.8%
2014 49.4%
2013 8.3%
2012 46%
2011 -30.9%
2010 14.1%
Fund Manager information for Principal Multi Cap Growth Fund
NameSinceTenure
Ravi Gopalakrishnan29 Jul 191.18 Yr.
Siddarth Mohta28 Aug 182.09 Yr.

Data below for Principal Multi Cap Growth Fund as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services27.58%
Technology13.8%
Basic Materials11.32%
Energy10.73%
Consumer Cyclical10.69%
Health Care7.68%
Industrials6.13%
Consumer Defensive5.49%
Communication Services1.42%
Asset Allocation
Asset ClassValue
Cash5.1%
Equity94.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE
10%₹64 Cr285,939
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
7%₹48 Cr441,790
Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY
6%₹40 Cr397,354
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
5%₹31 Cr123,360
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
4%₹25 Cr692,772
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 08 | HDFC
3%₹21 Cr119,478
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 19 | DIVISLAB
3%₹20 Cr64,400
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 500696
3%₹19 Cr90,504
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
3%₹17 Cr135,322
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 19 | 500034
2%₹14 Cr44,185

4. Principal Equity Savings Fund

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 CAGR/Annualized return of 7.7% since its launch.  Ranked 38 in Equity Savings category.  Return for 2019 was 5.1% , 2018 was 1.6% and 2017 was 15% .

Below is the key information for Principal Equity Savings Fund

Principal Equity Savings Fund
Growth
Launch Date 23 May 02
NAV (22 Oct 20) ₹39.0425 ↑ 0.10   (0.26 %)
Net Assets (Cr) ₹44 on 30 Sep 20
Category Hybrid - Equity Savings
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.41
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.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,701
30 Sep 17₹11,673
30 Sep 18₹12,150
30 Sep 19₹12,587
30 Sep 20₹13,342

Principal Equity Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹357,992.
Net Profit of ₹57,992
Invest Now

Returns for Principal Equity Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 20

DurationReturns
1 Month 2.4%
3 Month 3.1%
6 Month 13.7%
1 Year 7.1%
3 Year 4.7%
5 Year 6.1%
10 Year
15 Year
Since launch 7.7%
Historical performance (Yearly) on absolute basis
YearReturns
2019 5.1%
2018 1.6%
2017 15%
2016 5.5%
2015 3.6%
2014 12.8%
2013 1.2%
2012 10.3%
2011 2.6%
2010 4.8%
Fund Manager information for Principal Equity Savings Fund
NameSinceTenure
Gurvinder Wasan31 May 191.34 Yr.
Sudhir Kedia29 Oct 190.92 Yr.

Data below for Principal Equity Savings Fund as on 30 Sep 20

Asset Allocation
Asset ClassValue
Cash39.81%
Equity49.4%
Debt10.8%
Equity Sector Allocation
SectorValue
Financial Services25.23%
Consumer Cyclical11.25%
Consumer Defensive9.88%
Technology5.37%
Basic Materials4.82%
Energy4.41%
Health Care2.49%
Utility1.67%
Communication Services1.65%
Industrials1.11%
Debt Sector Allocation
SectorValue
Cash Equivalent39.81%
Corporate5.9%
Government4.9%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 17 | HDFC
6%₹3 Cr15,310
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 19 | MARUTI
5%₹2 Cr3,425
↓ -130
Future on Housing Development Finance Corp Ltd
Derivatives | -
5%-₹2 Cr12,600
Future on Maruti Suzuki India Ltd
Derivatives | -
5%-₹2 Cr3,100
UTI Asset Management Co Ltd (Financial Services)
Equity, Since 30 Sep 20 | -
4%₹2 Cr34,290
↑ 34,290
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹2 Cr8,201
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | ICICIBANK
4%₹2 Cr47,875
↓ -6,115
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | HDFCBANK
3%₹1 Cr13,633
ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 16 | ITC
3%₹1 Cr78,681
↓ -38,400
United Spirits Ltd (Consumer Defensive)
Equity, Since 29 Feb 20 | 532432
3%₹1 Cr22,440

Principal Mutual Fund Name Changes

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 PNB SIP Mutual Fund

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.

Principal PNB MF Statement

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 Calculator

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

   
My Goal Amount:
Goal Tenure:
Years
Expected Annual Returns:
%
Total investment required is ₹3/month for 20 Years
  or   ₹257 one time (Lumpsum)
to achieve ₹5,000
Invest Now

Principal Mutual Fund NAV

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.

Why Opt for PNB Mutual Fund?

  • Robust Network: Principal Mutual Fund has an extensive network of over 20,000 distributors across the country. It includes financial advisor firms, corporate banks, financial institutes, and stockbrokers.
  • Tax Benefits: Company schemes offer the option to reduce taxable income thus, saving tax. Principal Tax Savings Fund is one such scheme where an investor is eligible for a tax deduction under Sec 80C.
  • Transfer of Money: Investors can put their money in a target equity while still invested in a debt or a liquid fund. Thus, the investor will get returns on the equity as well as the protection.
  • Monthly Records: The company produces a monthly fact sheet. In it, it lays out the details of money invested in each company, rating of the company, returns, dividends, and ratio of performance.

How to Invest in Principal Mutual Fund Online?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

Sponsor(s)

Principal Financial Services Inc., USA [through its subsidiary Principal Financial Group (Mauritius) Limited]

Corporate Address

Exchange Plaza, Ground Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East), Mumbai - 400051

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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