The Principal Mutual Fund is managed by Principal Asset Management Private Limited. The name of the trustee company is Principal Trustee Company Private Limited.
The Principal Dividend Yield Fund is an open-ended equity scheme that predominantly invests in stocks that yield dividends.
Investment Objectives of the Principal Dividend Yield Fund - Direct Plan - Half Yearly Dividend Reinvestment Option
The main objective of investment of the scheme is to appreciate capital and/or facilitate the distribution of dividend through investments predominantly made in a portfolio of a wide range of companies that have high yielding dividends.
Key Features of the Principal Dividend Yield Fund - Direct Plan - Half Yearly Dividend Reinvestment Option
The main features of the Principal Dividend Yield Fund - Direct Plan - Half Yearly Dividend Reinvestment Option are as follows:
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Type of fund |
An open-ended equity scheme that predominantly invests in stocks that yield dividends. |
|
Plans available |
|
|
Options under each plan |
|
|
Risk |
Moderately High |
|
Systematic Investment Plan (SIP) |
Available |
|
Systematic Transfer Plan (STP) |
Available |
|
Regular Withdrawal Plan |
Available |
Investment Amount for the Principal Dividend Yield Fund - Direct Plan - Half Yearly Dividend Reinvestment Option
|
Minimum application amount |
Rs.5,000 and any amount subsequently |
|
Minimum additional investment |
Rs.1,000 and any amount subsequently |
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Minimum instalment for Systematic Investment Plan (SIP) |
|
|
Minimum instalment for Regular Withdrawal Plan |
Under the Regular Withdrawal Plan, unitholders can choose from:
The redemption can be:
Minimum amount: Rs.500 per instalment Minimum number of instalments: 6 instalments |
|
Minimum instalment for Systematic Transfer Plan (STP) |
Under the Systematic Transfer Plan (STP), unitholders can choose from:
The transfer can be made from one scheme to another or one plan to another, for the following:
Minimum amount: Rs.1,000 per instalment Minimum number of instalments: 6 instalments |
|
Entry Load |
N/A |
|
Exit Load |
|
Asset Allocation for the Principal Dividend Yield Fund - Direct Plan - Half Yearly Dividend Reinvestment Option
|
Type of security |
Indicative Allocations (percentage of total assets) |
Risk Profile |
|
|
Minimum |
Maximum |
High/Medium/Low |
|
|
Equity and instruments related to equity of companies yielding high dividends |
65% |
100% |
High |
|
Debt Securities and Money Market Securities |
0% |
35% |
Low to Medium |
NAV Disclosure and Benchmark of the Principal Dividend Yield Fund - Direct Plan - Half Yearly Dividend Reinvestment Option
The NAV or Net Asset Value is calculated for each unit under the scheme and published by the end of every working day. First, accrued income, other assets, and receivables are added to the market value or the fair value of securities under the scheme. Then the accrued expenses, payables, and liabilities are subtracted from the sum and the result is divided by the total number of units outstanding under the scheme, in order to ascertain the NAV. The NAV is rounded off to 2 decimal places and is published on the official website of the mutual fund as well as the AMFI website.
The benchmark of the Principal Dividend Yield Fund - Direct Plan - Half Yearly Dividend Reinvestment Option is Nifty Dividend Opportunities 50 Index.
Principal Dividend Yield Fund - Direct Plan - Half Yearly Dividend Reinvestment Option Fund Manager
The Principal Dividend Yield Fund - Direct Plan - Half Yearly Dividend Reinvestment Option is managed by Mr. Dhimant Shah. He has been managing the fund since December 2011.
Why should you invest in the Principal Dividend Yield Fund - Direct Plan - Half Yearly Dividend Reinvestment Option?
Principal Mutual Fund is one of the oldest and fastest growing mutual funds. The investments are thoroughly strategised by the mutual fund and thus it is very reliable. This has helped the mutual fund build up a huge base of customers of over 4 lakh people. That makes the Principal Mutual Fund a great choice for investments.
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GST rate of 18% applicable for all financial services effective July 1, 2017.
