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Principal Arbitrage Fund(MDR)

Principal Arbitrage Fund(MDR)
Dividend Yearly
0.06  (As on 16-04-2019)
Category
52-week NAV high
11.33  (As on 06-09-2018)
52-week NAV low
10.73  (As on 25-09-2018)
Expense
0.81%  (As on 28-02-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 0.35 0.92 1.76 -1.79 1.72 - - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
0
Launch Date
Apr 21, 2016
Last Dividend
0.06
Minimum Investment
5000

Principal Mutual Fund is managed by Principal Pnb Asset Management Company Private Limited. The trustee to the mutual fund is Principal Trustee Company Private Limited. The mutual fund is a joint venture of the Punjab National Bank (PNB) and the Principal Financial Group (one of the leading investment managers in the world).

The Principal Arbitrage Fund is an open-ended scheme that invests in arbitrage opportunities.

Investment Objectives of the Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment

The main objective of investment of the Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment scheme is to facilitate the generation of income and capital growth through investments predominantly made in arbitrage opportunities in the segment of cash and derivatives of cash of the equity markets. The balance is usually invested in debt and money market securities. However, there is no assurance for the realisation of the investment objectives.

Key Features of the Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment

The key features of the Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment scheme can be listed as follows:

Type of fund

An open-ended scheme that predominantly invests in arbitrage opportunities.

Plans available

  • Principal Arbitrage Fund - Regular Plan
  • Principal Arbitrage Fund - Direct Plan

Options under each plan

  • Principal Arbitrage Fund - Regular Plan - Growth Plan
  • Principal Arbitrage Fund - Regular Plan - Monthly Dividend Plan
    • Dividend Payout Option
    • Dividend Reinvestment Option
    • Dividend Sweep Option
  • Principal Arbitrage Fund - Direct Plan - Growth Plan
  • Principal Arbitrage Fund - Direct Plan - Monthly Dividend Plan
    • Dividend Payout Option
    • Dividend Reinvestment Option
    • Dividend Sweep Option

Risk

Moderately Low

Systematic Investment Plan (SIP)

Available

Systematic Transfer Plan (STP)

Available

Regular Withdrawal Plan

Available

Investment Amount for the Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment

Minimum application amount

Rs.5,000 and in multiples of Re.1 subsequently

Minimum additional investment

Rs.1,000 and in multiples of Re.1 subsequently

Minimum instalment for Systematic Investment Plan (SIP)

Minimum amount: Rs.500 per instalment and in multiples of Re.1 subsequently

Minimum instalments: 12

Minimum instalment for Systematic Withdrawal Plan (SWP)

Minimum amount: Rs.500 per instalment and in multiples of Re.1 subsequently

Minimum instalments: 6

Minimum instalment for Systematic Transfer Plan (STP)

Minimum amount: Rs.1,000 per instalment and in multiples of Re.1 subsequently

Minimum instalments: 6

Entry Load

N/A

Exit Load

  • If units are redeemed on or before 30 days from the date on which the units are allotted: 0.50%
  • If units are redeemed after 30 days from the date on which the units are allotted: Nil

Asset Allocation for the Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment

Indicative asset allocation:

Type of security

Indicative Allocations (percentage of total assets)

Risk Profile

Minimum

Maximum

High/Medium/Low

Equity and instruments related to equity

65%

90%

Medium to High

Derivatives of equity

65%

90%

Medium to High

Debt and Money market instruments and fixed income derivatives

10%

35%

Low

When arbitrage opportunities are not sufficient in the equity and its derivatives markets:

Type of security

Indicative Allocations (percentage of total assets)

Risk Profile

Minimum

Maximum

High/Medium/Low

Equity and instruments related to equity

0%

65%

Medium to High

Debt and Money market instruments and fixed income derivatives

10%

35%

Medium to High

Short term debt and money market securities that do not exceed the tenure of 91 days

0%

100%

Low

NAV Disclosure and Benchmark of the Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment

The Net Asset Value or NAV of each unit under the Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment scheme is calculated and published by the end of every business day. It is calculated with the help of the guidelines prescribed by the SEBI (Mutual Funds) Regulations. As per the guidelines, the value of the net assets of the scheme is divided by the total number of the units that are outstanding under the scheme on the date of evaluation. The acquired result is the NAV of the units under the scheme.

The benchmark of the Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment scheme is CRISIL Liquid Fund Index.

Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment Fund Manager

The Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment scheme is managed by Mr. Rajat Jain. He is the Chief Investment Officer and he has been managing the fund since April 2016.

Why should you invest in the Principal Arbitrage Fund - Regular Plan - Dividend Reinvestment?

Principal Mutual Fund is backed by the Principal Financial Group (which has more than 130 years of expertise in fund management). It manages the assets of more than 4 lakh customers. This management is done through 102 investor centres which are spread across the country. If the investment objectives of the scheme match the investment needs of an investor, it is a great option to invest in.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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