Principal Dividend Yield Fund(HDS)-Direct Plan

Principal Dividend Yield Fund(HDS)-Direct Plan
Dividend Yearly
0.54  (As on 17-06-2019)
Category
Equity - Others
52-week NAV high
41.82  (As on 03-06-2019)
52-week NAV low
36.76  (As on 22-08-2019)
Expense
2.0%  (As on 30-11-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -1.54 7.36 -1.20 3.52 1.29 12.66 12.85 8.80 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
0
Launch Date
Jan 01, 2013
Last Dividend
0.54
Minimum Investment
5000

Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan is an open-ended scheme that is ideal for investors who are looking for long-term capital growth through investments in equity and equity-related securities which includes equity derivatives of companies with a high dividend yield. This mutual fund generally invests 65% to 100% of its net assets in equity and equity-related securities. However, it might also invest up to 35% of its net assets in debt and money market instruments including cash, liquid mutual fund schemes, and units of debt in order to meet the liquidity requirements of fund. Before an investor makes an investment under this scheme, the dividend yield of a stock at the time of the investment is taken into account.

Investment Objective of Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan

The main objective of Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan is to generate capital appreciation in the long term and/or dividend distribution by investing in a diverse portfolio of stocks from companies that offer a high dividend yield.

Key Features of Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan

Some of the significant features of the Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan scheme are as indicated in the table below:

Type of fund

An open-ended equity scheme that primarily invests in dividend yielding stocks

Plans available

  • Regular Plan
  • Direct Plan

Options under each plan

  • Growth Option
  • Half Yearly Dividend Option
    • Payout
    • Reinvestment
    • Sweep

Risk

Moderately high

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Regular Withdrawal Plan

Available

Investment Amount for Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan

Before you decide to invest your money in this scheme, you must become aware of the applicable charges that you might have to pay throughout the investment tenure. See the table below to learn about the various investment amounts associated with this mutual fund:

Minimum application amount

  • For new investor - Rs.5,000
  • For existing investor - Rs.1,000

Minimum additional investment

Any amount

Minimum installment for Systematic Investment Plan (SIP)

Rs.500 for a minimum of 12 installments

Minimum installment for Systematic Transfer Plan (STP)

Rs.1,000 for a minimum of 6 installments

Minimum installment for Regular Withdrawal Plan (RWP)

Rs.500 for a minimum of 6 installments

Entry Load

Not applicable

Exit Load

  • For redemptions and switch-outs on or before 1 year starting from the date of allotment - 1%
  • For redemptions and switch-outs after 1 year starting from the date of allotment - Nil

Asset Allocation for Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan

Instruments

Allocations (Percentage of total assets)

Risk Profile

Equity and equity-related instruments of stocks from companies that have a high dividend yield

65% to 100%

High

Debt and money market

instruments which include cash, liquid mutual fund schemes, and units of debt

0% to 35%

Low to medium

NAV Disclosure and Benchmark for Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan

NAV - Since the redemption or switch-out of the units under this mutual fund is based on the Net Asset Value (NAV) of the units for the particular working day, the asset management company is liable to compute the same on a regular basis. Once the computation is done, the NAV shall be published in 2 popular daily newspapers that have circulation across India. Additionally, according to the SEBI guidelines, the NAV should also be updated on the official website of the asset management company at www.principalindia.com along with the official website of the Association of Mutual Funds in India (AMFI) at www.amfiindia.com by 9:00 p.m. of each working day.

Benchmark Index - The benchmark index followed by the Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan is Nifty Dividend Opportunities 50 Index.

Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan Fund Manager

The fund manager for Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan is Mr. Dhimant Shah who has been handling this scheme since December 2011. Using his expertise and extensive knowledge gathered from a prolonged career in the mutual fund space, he offers his market insights to the customers who have decided to invest in this scheme in order to help them choose the right investment strategy based on their specific investment goals and unique risk-taking capacities.

Why You Should Invest in Principal Dividend Yield Fund - Half Yearly Dividend Sweep - Direct Plan

  • Investors can opt for the STP, SIP, and RWP facilities available under this scheme for their convenience.
  • This plan is suitable for those who are looking for long-term capital appreciation.
  • This scheme primarily invests in equity and equity-related instruments of companies that offer a high dividend yield.
  • Under the direct investment plan of this scheme, customers can choose the growth option or the half-yearly dividend option.
  • This mutual fund is handled by an experienced fund manager who uses his years of experience and extensive knowledge of the mutual fund space to provide the best strategies for optimum results.

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