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Principal Arbitrage Fund(G)

Principal Arbitrage Fund(G)
Dividend Yearly
NA
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 0.32 1.02 1.93 -1.34 2.01 - - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Apr 21, 2016
Last Dividend
NA
Minimum Investment
5000

The Principal Arbitrage Fund - Regular Plan - Growth is an open-ended scheme offered by Principal Mutual Fund, a wholly owned subsidiary of the Principal Financial Group, the world’s leading investment managers. The Principal Arbitrage Fund invests in arbitrage opportunities in the cash and derivative segment.

The regular plan of the scheme involves an intermediary (broker, agent, distributor, etc.) and hence, may have a slightly higher expense ratio than the direct plan. The growth option allows investors to attain capital appreciation on completion of the scheme period.

Investment Objective

To produce capital gains and income for the investor by investing majorly in arbitrage opportunities in the derivative and cash segment of the equity market. A small portion of the investments will also be allocated to debt and money market securities.

Key Features of the Scheme

The Principal Arbitrage Fund is ideal for investors who wish to grow their capital through arbitrage opportunities in the equity market. The scheme exhibits the below features:

Type of Fund

An open-ended scheme

Plans Available

Regular Plan and Direct Plan

Options under each Plan

  1. Growth Option
  2. Dividend Option

The dividend option has payout, sweep, and reinvestment facility

Risk

Moderately Low

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment Amount for Principal Arbitrage Fund

Minimum Application Amount

Rs.5,000 per application and in multiples of Re.1 thereafter

Minimum Additional Investment

Rs.500 or 50 units or account balance whichever is less

Minimum installment for Systematic Investment Plan (SIP)

Rs.500 (minimum 12 instalments) and in multiples of Re.1 thereafter

Minimum installment for Systematic Withdrawal Plan (SWP)

Rs.500 and in multiples of Rs.100 (minimum 6 instalments)

Entry Load

Not Applicable

Exit Load

Investors redeeming units before 30 days from unit allotment date will be charged an exit load of 0.50%. No exit load will be charged if units are redeemed after 30 days from unit allotment date

Asset Allocation for Principal Arbitrage Fund

Instruments

Indicative Allocation

Percentage of total assets

Risk Profile

Minimum

Maximum

Equity and its related securities

65%

90%

Medium to High

Equity derivatives

65%

90%

Medium to High

Money market and debt securities including margin for derivatives

10%

35%

Low

NAV Disclosure and Benchmark for Principal Arbitrage Fund

The Net Asset Value (NAV) of the Principal Arbitrage Fund is obtained by dividing its net assets by the number of outstanding units on the date of valuation. The computation of the NAV will be done up to 4 decimal places and disclosed on every business day by 9:00 p.m.

The fund house will update the NAV of the scheme on its website (www.principalindia.com) and on the website of Association of Mutual Funds in India (www.amfiindia.com). 2 leading newspapers with nationwide circulation will also publish the scheme’s NAV on a daily basis.

Benchmark: CRISIL Liquid Fund Index

Fund Manager - Mr. Rajat Jain

The Principal Arbitrage Fund is managed by Mr. Rajat Jain who has been managing it since 2 years. Mr. Jain has over 28 years of experience in portfolio management and currently is the Chief Investment Manager of Principal Pnb Asset Management Co. Pvt. Ltd. He has previously worked with SBI Mutual Fund. The other schemes managed by him include Principal Global Opportunities Fund, Principal Asset Allocation Fund of Funds, and Principal Nifty 100 Equal Weight Fund.

Why you should invest in the Principal Arbitrage Fund

  • Attractive returns - The Principal Arbitrage Fund invests in arbitrage opportunities within the equity segment to produce attractive returns for the investor.
  • Moderately low risk - Investors with a low-risk appetite can invest in this scheme and grow their capital over a long term.
  • Liquidity - The Principal Arbitrage Fund allows investors to redeem and purchase units on any given business day at applicable NAVs.

Special benefits - Features such as SIP, STP, SWP, Switching, Trigger facility, etc., offered by the Principal Arbitrage Fund make it a lucrative investment tool.

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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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