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Principal Arbitrage Fund (MD)

Principal Arbitrage Fund(MD)
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 1.71 3.02 - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
0
Launch Date
Apr 21, 2016
Last Dividend
0.06
Minimum Investment
5000

Principal Arbitrage Fund - Regular Plan - Monthly Dividend is an open-ended equity scheme that makes investments in arbitrage opportunities. The scheme is offered by Principal Mutual Fund, which is managed by Principal PNB Asset Management Company Private Limited, and the trustee of the fund house is Principal Trustee Company Private Limited.

Investment Objective of Principal Arbitrage Fund - Regular Plan - Monthly Dividend

The investment objective of Principal Arbitrage Fund - Regular Plan - Monthly Dividend is to provide capital appreciation as well as income to investors by investing mainly in arbitrage opportunities in the equity markets’ cash and derivative segments, and in arbitrage opportunities accessible within the derivative segment. The scheme also makes investments in money market and debt securities.

Key Features of Principal Arbitrage Fund - Regular Plan - Monthly Dividend

Some of the significant features of Principal Arbitrage Fund - Regular Plan - Monthly Dividend are as indicated in the table below:

Type of fund Open-ended equity scheme
Plans available
  1. Regular Plan
  2. Direct Plan
Options under each plan Both plans offer the following two options:
  1. Monthly Dividend Option
  2. Growth Option
The Monthly Dividend Option under the Regular Plan as well as the Direct Plan comes with the following sub-options:
  1. Dividend Re-investment
  2. Dividend Sweep
Risk Moderately Low
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available

Investment Amount for Principal Arbitrage Fund - Regular Plan - Monthly Dividend

The following are the details regarding the investment amount and loads:

Minimum application amount Rs.5,000 and in multiples of Re.1 thereafter
Minimum additional investment Rs.1,000
Minimum instalment for Systematic Investment Plan (SIP) Rs.500 per month for at least 12 months
Entry Load Not Applicable
Exit Load In case of redemptions within 30 days from the date on which the units were allotted, the exit load applicable will be 0.50%. In case of redemptions after 30 days from the date on which the units were allotted, there will be no exit load.

Asset Allocation for Principal Arbitrage Fund - Regular Plan - Monthly Dividend

Instruments Allocations (Percentage of total assets) Risk Profile
Equity and equity-related securities of Midcap companies 65% to 90% Medium to High
Equity derivatives 65% to 90% Medium to High
Money market and debt securities and fixed income derivatives 10% to 35% Low

NAV Disclosure and Benchmark for Principal Arbitrage Fund - Regular Plan - Monthly Dividend

The Net Asset Value of Principal Arbitrage Fund - Regular Plan - Monthly Dividend will be calculated on a daily basis and will be published in a minimum of two daily newspapers that are circulated across India. The Asset Management Company will also update the Net Asset Value on the official website of the Association of Mutual Funds in India as well as the website of the fund house by 9:00 p.m. every working day.

Principal Arbitrage Fund - Regular Plan - Monthly Dividend Fund Manager

Principal Arbitrage Fund - Regular Plan - Monthly Dividend has been managed by Mr. Rajat Jain since April 2016.

Why you should Invest in Principal Arbitrage Fund - Regular Plan - Monthly Dividend

Principal Arbitrage Fund - Regular Plan - Monthly Dividend is ideal for investors who are looking for short-term income through investment in arbitrage opportunities between cash and derivative markets as well as arbitrage opportunities within the derivative segment.

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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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