The Principal Dividend Yield Fund - Growth Plan is an open-ended equity scheme offered by Principal Mutual Fund and managed by Pnb Asset Management Company Private Limited. The trustee company of the fund house is Principal Trustee Company Private Limited.
Investment Objective of Principal Dividend Yield Fund - Growth Plan
The investment objective of Principal Dividend Yield Fund - Growth Plan is to generate dividend distribution and/or capital appreciation through investment primarily in a diversified portfolio of companies which have a relatively high dividend yield.
Key Features of Principal Dividend Yield Fund - Growth Plan
Some of the significant features of Principal Dividend Yield Fund - Growth Plan are as indicated in the table below:
|
Type of fund |
Open-ended equity fund |
|
Plans available |
|
|
Options under each plan |
Both plans come with the following two options:
The Half Yearly Dividend Option under both plans comes with the following sub-options:
|
|
Risk |
Moderately High |
|
Systematic Investment Plan |
Available |
|
Systematic Transfer Plan |
Available |
|
Systematic Withdrawal Plan |
Available |
Investment Amount for Principal Dividend Yield Fund - Growth Plan
The following are the details regarding the investment amount and loads:
|
Minimum application amount |
Rs.5,000 and any amount thereafter |
|
Minimum additional investment |
Rs.1,000 and any amount thereafter |
|
Minimum instalment for Systematic Investment Plan (SIP) |
Minimum of Rs.500 and in multiples of Re.1 thereafter (minimum of 12 instalments) |
|
Entry Load |
Not Applicable |
|
Exit Load |
1% of the applicable NAV will be charged as exit load for redemptions made within a year from the date of allotment |
Asset Allocation for Principal Dividend Yield Fund - Growth Plan
|
Instruments |
Allocations (Percentage of total assets) |
Risk Profile |
|
Equity and equity-related securities of High Dividend Yield companies |
65% to 100% |
High |
|
Money market and debt securities (including units of cash and liquid mutual fund schemes / debt mutual fund schemes) |
0% to 35% |
Low to Medium |
NAV Disclosure and Benchmark for Principal Dividend Yield Fund - Growth Plan
The Net Asset Value of Principal Dividend Yield Fund - Growth Plan shall be calculated by the Asset Management Company regularly and published in a minimum of two daily newspapers that are circulated across the country. The NAV shall also be updated on the website of the mutual fund along with the website of the Association of Mutual Funds in India by 9:00 p.m. on every business day.
The benchmark adopted by Principal Dividend Yield Fund - Growth Plan is Nifty Dividend Opportunities 50 Index.
Principal Dividend Yield Fund - Growth Plan Fund Manager
The Principal Dividend Yield Fund - Growth Plan has been managed by Mr. Dhimant Shah for over five and a half years now. Mr. Shah has over 26 years of experience in the stock market, and handles other funds for Principal Mutual Fund, such as Principal Focused Multicap Fund, Principal Dividend Yield Fund, and Principal Emerging Bluechip Fund.
Why you should Invest in Principal Dividend Yield Fund - Growth Plan
The Principal Dividend Yield Fund - Growth Plan is a good investment option for investors who want capital growth in the long term by investing in equity and equity-related instruments of companies that have relatively high dividend yield.
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