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Principal PNB Mutual Fund

Updated on January 19, 2020 , 1448 views

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
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.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2018 (%)
Principal Emerging Bluechip Fund Growth	₹111.17 ↓ -0.13	₹2,117	7.2	12.6	11.7	11.6	10.6	6.8
Principal Global Opportunities Fund Growth	₹33.0629 ↑ 0.16	₹17	11.9	15	21.5	12.9	8.6	32.5
Principal Multi Cap Growth Fund Growth	₹145 ↓ -0.52	₹732	5.4	5.7	5.7	11	8.3	3.9
Principal Tax Savings Fund Growth	₹209.71 ↓ -0.85	₹408	5.1	4.5	4.5	10.3	7.9	2.5
Principal Focused Multicap Fund Growth	₹69.65 ↓ -0.05	₹361	6.6	11.5	12.6	12.5	7.8	11.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Jan 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.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2018 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Principal Cash Management Fund Growth	₹1,732.54 ↑ 0.25	₹213	1.2	2.7	6	3.6	6.2	5.03%	18D	19D
Principal Credit Risk Fund Growth	₹2,848.03 ↑ 0.97	₹34	1.5	3.3	-0.3	4.4	-0.2	6.54%	11M 1D	1Y 1M 13D
Principal Ultra Short Term Fund Growth	₹2,084.64 ↑ 0.42	₹70	1.2	2.8	6.4	4.6	6.5	5.75%	5M 10D	5M 25D
Principal Short Term Debt Fund Growth	₹31.3839 ↑ 0.02	₹134	1.6	3.2	-1.6	3.2	-1.7	7.62%	2Y 3M 14D	2Y 10M 2D
Principal Dynamic Bond Fund Growth	₹30.0612 ↑ 0.01	₹34	1.2	1.8	-1.8	2.1	-2.5	6.19%	3Y 7D	3Y 11M 5D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Jan 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.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2018 (%)
Principal Hybrid Equity Fund Growth	₹77.67 ↓ -0.20	₹1,428	3.7	4	3.5	10.3	8.7	2.1
Principal Equity Savings Fund Growth	₹37.0238 ↓ -0.05	₹45	1.5	2.6	5.2	6.3	5.6	5.1
Principal Balanced Advantage Fund Growth	₹20.82 ↓ -0.01	₹184	1.4	2.2	1.8	5.5	4.6	1
Principal Arbitrage Fund Growth	₹11.2929 ↑ 0.00	₹4	0.8	1.5	3.8	2.6		3.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Jan 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.

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2018 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Principal Cash Management Fund Growth	₹1,732.54 ↑ 0.25	₹213	0.4	1.2	2.7	6	6.2	5.03%	18D	19D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Jan 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 24% 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 (21 Jan 20)	₹111.17 ↓ -0.13 (-0.12 %)
Net Assets (Cr)	₹2,117 on 31 Dec 19
Category	Equity - Large & Mid Cap
AMC	Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	2.22
Sharpe Ratio	0.29
Information Ratio	-0.22
Alpha Ratio	0.69
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Dec 14	₹10,000
31 Dec 15	₹10,600
31 Dec 16	₹11,782
31 Dec 17	₹17,571
31 Dec 18	₹15,640
31 Dec 19	₹16,698

Principal Emerging Bluechip Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 21 Jan 20

Duration	Returns
1 Month	3.7%
3 Month	7.2%
6 Month	12.6%
1 Year	11.7%
3 Year	11.6%
5 Year	10.6%
10 Year
15 Year
Since launch	24%

Historical performance (Yearly) on absolute basis

Year	Returns
2018	6.8%
2017	-11%
2016	49.1%
2015	11.2%
2014	6%
2013	80.2%
2012	5.8%
2011	55%
2010	-34.7%
2009	19.7%

Fund Manager information for Principal Emerging Bluechip Fund

Name	Since	Tenure
Ravi Gopalakrishnan	11 Oct 19	0.06 Yr.

Data below for Principal Emerging Bluechip Fund as on 31 Dec 19

Equity Sector Allocation

Sector	Value
Financial Services	28.65%
Consumer Cyclical	12.72%
Industrials	11.69%
Basic Materials	11.67%
Technology	8.05%
Health Care	7.43%
Consumer Defensive	5.44%
Energy	5.13%
Utility	4.39%
Communication Services	2.68%

Asset Allocation

Asset Class	Value
Cash	2.15%
Equity	97.85%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 17 \| HDFCBANK	6%	₹132 Cr	1,034,250 ↓ -73,050
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 11 \| ICICIBANK	4%	₹94 Cr	1,839,375 ↓ -240,150
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 18 \| RELIANCE	4%	₹89 Cr	572,073 ↑ 67,965
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Dec 15 \| KOTAKBANK	3%	₹59 Cr	366,100 ↓ -28,700
Bajaj Finserv Ltd (Financial Services) Equity, Since 31 Mar 18 \| 532978	2%	₹53 Cr	58,020 ↓ -7,770
Bajaj Finance Ltd (Financial Services) Equity, Since 30 Sep 16 \| 500034	2%	₹50 Cr	123,900
Treps 02-Dec-2019 CBLO/Reverse Repo \| -	2%	₹48 Cr
State Bank of India (Financial Services) Equity, Since 31 Mar 15 \| SBIN	2%	₹47 Cr	1,371,600
Axis Bank Ltd (Financial Services) Equity, Since 31 Jan 19 \| 532215	2%	₹46 Cr	627,300
Infosys Ltd (Technology) Equity, Since 31 Jan 16 \| INFY	2%	₹45 Cr	652,380

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 15.6% 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 (21 Jan 20)	₹209.71 ↓ -0.85 (-0.40 %)
Net Assets (Cr)	₹408 on 31 Dec 19
Category	Equity - ELSS
AMC	Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.61
Sharpe Ratio	-0.01
Information Ratio	-0.5
Alpha Ratio	-6.43
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 14	₹10,000
31 Dec 15	₹10,270
31 Dec 16	₹10,905
31 Dec 17	₹16,227
31 Dec 18	₹14,735
31 Dec 19	₹15,099

Principal Tax Savings Fund SIP 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 21 Jan 20

Duration	Returns
1 Month	0.8%
3 Month	5.1%
6 Month	4.5%
1 Year	4.5%
3 Year	10.3%
5 Year	7.9%
10 Year
15 Year
Since launch	15.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2018	2.5%
2017	-9.2%
2016	48.8%
2015	6.2%
2014	2.7%
2013	49.4%
2012	8.5%
2011	46.5%
2010	-30.4%
2009	15%

Fund Manager information for Principal Tax Savings Fund

Name	Since	Tenure
Sudhir Kedia	29 Oct 19	0.01 Yr.

Data below for Principal Tax Savings Fund as on 31 Dec 19

Equity Sector Allocation

Sector	Value
Financial Services	37.33%
Consumer Defensive	11%
Energy	8.05%
Technology	7.97%
Basic Materials	6.85%
Utility	6.23%
Health Care	5.68%
Industrials	5.63%
Consumer Cyclical	5.38%
Communication Services	2.38%

Asset Allocation

Asset Class	Value
Cash	3.4%
Equity	96.6%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 09 \| HDFCBANK	8%	₹33 Cr	255,638
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	7%	₹27 Cr	526,148 ↓ -17,265
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 08 \| RELIANCE	6%	₹25 Cr	160,306 ↑ 25,854
State Bank of India (Financial Services) Equity, Since 30 Apr 05 \| SBIN	4%	₹16 Cr	479,851
Infosys Ltd (Technology) Equity, Since 31 Jan 09 \| INFY	4%	₹16 Cr	230,898 ↑ 14,944
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Jun 08 \| HDFC	3%	₹14 Cr	61,980 ↑ 19,210
Treps 02-Dec-2019 CBLO/Reverse Repo \| -	3%	₹14 Cr
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jan 16 \| KOTAKBANK	3%	₹14 Cr	84,915 ↓ -5,000
ITC Ltd (Consumer Defensive) Equity, Since 29 Feb 12 \| ITC	3%	₹14 Cr	553,436
Tata Consultancy Services Ltd (Technology) Equity, Since 30 Apr 14 \| TCS	3%	₹14 Cr	66,170 ↑ 4,230

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 14.9% 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 (21 Jan 20)	₹145 ↓ -0.52 (-0.36 %)
Net Assets (Cr)	₹732 on 31 Dec 19
Category	Equity - Multi Cap
AMC	Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.46
Sharpe Ratio	0.1
Information Ratio	-0.35
Alpha Ratio	-4.94
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Dec 14	₹10,000
31 Dec 15	₹10,276
31 Dec 16	₹10,934
31 Dec 17	₹16,263
31 Dec 18	₹14,854
31 Dec 19	₹15,438

Principal Multi Cap Growth Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 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 21 Jan 20

Duration	Returns
1 Month	0.3%
3 Month	5.4%
6 Month	5.7%
1 Year	5.7%
3 Year	11%
5 Year	8.3%
10 Year
15 Year
Since launch	14.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2018	3.9%
2017	-8.7%
2016	48.7%
2015	6.4%
2014	2.8%
2013	49.4%
2012	8.3%
2011	46%
2010	-30.9%
2009	14.1%

Fund Manager information for Principal Multi Cap Growth Fund

Name	Since	Tenure
Ravi Gopalakrishnan	29 Jul 19	0.01 Yr.
Siddarth Mohta	28 Aug 18	0.92 Yr.

Data below for Principal Multi Cap Growth Fund as on 31 Dec 19

Equity Sector Allocation

Sector	Value
Financial Services	39.85%
Consumer Defensive	10.26%
Technology	9.91%
Energy	9.4%
Industrials	7.47%
Consumer Cyclical	7.23%
Basic Materials	6.98%
Health Care	4.09%
Communication Services	3.08%
Utility	0.76%

Asset Allocation

Asset Class	Value
Cash	0.91%
Equity	99.08%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 09 \| HDFCBANK	9%	₹64 Cr	501,830 ↓ -41,350
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	7%	₹56 Cr	1,084,067 ↓ -218,270
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 05 \| RELIANCE	7%	₹55 Cr	352,202 ↓ -29,390
State Bank of India (Financial Services) Equity, Since 30 Nov 08 \| SBIN	5%	₹35 Cr	1,031,789
Infosys Ltd (Technology) Equity, Since 30 Apr 08 \| INFY	4%	₹30 Cr	429,354
Tata Consultancy Services Ltd (Technology) Equity, Since 30 Apr 14 \| TCS	4%	₹28 Cr	134,460
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Mar 13 \| LT	4%	₹27 Cr	202,976 ↓ -29,520
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jan 16 \| KOTAKBANK	4%	₹27 Cr	165,022 ↓ -27,230
ITC Ltd (Consumer Defensive) Equity, Since 31 Jul 08 \| ITC	4%	₹27 Cr	1,076,641
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Apr 08 \| HDFC	3%	₹20 Cr	87,403 ↓ -5,900

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 (21 Jan 20)	₹37.0238 ↓ -0.05 (-0.14 %)
Net Assets (Cr)	₹45 on 31 Dec 19
Category	Hybrid - Equity Savings
AMC	Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.71
Sharpe Ratio	0.53
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 Dec 14	₹10,000
31 Dec 15	₹10,355
31 Dec 16	₹10,923
31 Dec 17	₹12,560
31 Dec 18	₹12,759
31 Dec 19	₹13,410

Principal Equity Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120 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 21 Jan 20

Duration	Returns
1 Month	-0.1%
3 Month	1.5%
6 Month	2.6%
1 Year	5.2%
3 Year	6.3%
5 Year	5.6%
10 Year
15 Year
Since launch	7.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2018	5.1%
2017	1.6%
2016	15%
2015	5.5%
2014	3.6%
2013	12.8%
2012	1.2%
2011	10.3%
2010	2.6%
2009	4.8%

Fund Manager information for Principal Equity Savings Fund

Name	Since	Tenure
Gurvinder Wasan	31 May 19	0.42 Yr.
Sudhir Kedia	29 Oct 19	0.01 Yr.

Data below for Principal Equity Savings Fund as on 31 Dec 19

Asset Allocation

Asset Class	Value
Cash	53.97%
Equity	34.59%
Debt	11.44%

Equity Sector Allocation

Sector	Value
Financial Services	24.75%
Consumer Defensive	10.71%
Technology	10.34%
Health Care	10.17%
Energy	8.33%
Consumer Cyclical	4.08%
Utility	2.59%
Communication Services	1.94%
Industrials	1.45%
Basic Materials	1.19%

Debt Sector Allocation

Sector	Value
Cash Equivalent	53.97%
Corporate	6.12%
Government	5.32%

Credit Quality

Rating	Value
A	0.73%
AAA	99.27%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Cash Offset For Derivatives Derivative Margin \| -	41%	₹20 Cr	2,027 ↓ -109
Net Receivable / Payable Net Current Assets \| -	11%	₹6 Cr
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Nov 17 \| HDFC	9%	₹4 Cr	19,050 ↓ -2,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	7%	₹4 Cr	23,800 ↑ 1,000
Future on Housing Development Finance Corp Ltd Derivatives \| -	7%	-₹3 Cr	14,000 ↑ 14,000
ITC Ltd (Consumer Defensive) Equity, Since 30 Jun 16 \| ITC	7%	₹3 Cr	130,584
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 Jan 18 \| SUNPHARMA	6%	₹3 Cr	64,936 ↓ -1,087
Infosys Ltd (Technology) Equity, Since 30 Nov 17 \| INFY	6%	₹3 Cr	39,386 ↑ 4,766
Future on ITC Ltd. Derivatives \| -	6%	-₹3 Cr	110,400 ↑ 110,400
Future on Sun Pharmaceuticals Industries Ltd Derivatives \| -	5%	-₹3 Cr	57,200 ↑ 57,200

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

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?

Open Free Investment Account for Lifetime at Fincash.com.

Complete your Registration and KYC Process

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.