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Principal Dividend Yield Fund(HD)

Principal Dividend Yield Fund(HD)
Dividend Yearly
NA
Category
Equity - Others
52-week NAV high
55.97  (As on 07-09-2018)
52-week NAV low
48.46  (As on 26-10-2018)
Expense
2.94%  (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 2.62 5.97 10.27 1.05 11.15 16.79 11.55 14.17 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Oct 15, 2004
Last Dividend
NA
Minimum Investment
5000

Principal PNB Asset Management Company, the investment managing division of Principal Mutual Fund, offers a plethora of investment solutions for both institutional and retail investors. The company has 102 investor centres along with more than 20,000 empanelled distributors across the length and breadth of the country through which it caters to more than 4 lakh investors. The solutions provided by the company are not only innovative, well-researched, and process oriented but also offer high levels of risk control. The Principal Financial Group, the parent company of Principal Mutual Fund, helps customers achieve their financial goals with the help of its global expertise, local market knowledge, and 130 years’ experience in terms of asset accumulation and management. Managing the assets of the investors through all economic conditions and market cycles, Principal PNB Asset Management Company offers long-term financial solutions and risk-adjusted returns in order to help customers create and grow their wealth.

Principal Dividend Yield Fund - Half Yearly Dividend Plan primarily invests a minimum of 65% of the net assets in stocks of companies that offer a relatively high dividend yield compared to others. The dividend yield of a stock at the time of an investment is taken into account before an investment under this scheme is made. However, according to the guidelines by Securities and Exchange Board of India (SEBI), the mutual fund can opt to deploy up to 50% of the total assets of the scheme for stock lending. Under this scheme, customers can select from the 2 plans available before making an investment - Direct Plan and Regular Plan. Both of these plans carry 2 investment options - Growth and Half Yearly Dividend. The investors can further select from 3 facilities available under the Half Yearly Dividend plan - Payout, Reinvestment, and Sweep.

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

The primary objective of Principal Dividend Yield Fund - Half Yearly Dividend Plan is to generate capital in the long term and/or dividend distribution through investments in a diverse portfolio of stocks from companies that offer a high dividend yield.

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

There are a number of features of this scheme that make it one of the best investment options available in the market. Some of the important features are mentioned 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 Plan

Minimum application amount

New investor - Rs.5,000

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 redemption on or before 1 year starting from the date of allotment - 1%
  • For redemption after 1 year starting from the date of allotment - Nil

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

Instruments

Allocations (Percentage of total assets)

Risk Profile

Equity and equity-related instruments of companies with

high dividend yield

65% to 100%

High

Debt and money market

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

0% to 35%

Low to medium

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

NAV - Since the redemption or switch-out of units under this investment plan is based on the Net Asset Value (NAV) of the units for the particular business day, the asset management company is liable to compute the same on a regular basis. Once the computation is done, the NAV will be published in popular daily newspapers that have circulation across India. Additionally, according to the SEBI guidelines, the NAV will also be updated on the official website of the asset management company at www.principalindia.com along with the official website of 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 Plan is Nifty Dividend Opportunities 50 Index.

Principal Dividend Yield Fund - Half Yearly Dividend Plan Fund Manager

The fund manager for Principal Dividend Yield Fund- Half Yearly Dividend Plan is Mr. Dhimant Shah. Since December 2011, he has been offering his expertise and extensive knowledge to the customers who have decided to invest in this scheme.

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

  • When opting for the half-yearly dividend plan for this mutual fund, customers will have the benefit of selecting from payout, reinvestment, and sweep options.
  • 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.
  • This mutual fund is managed by an experienced fund manager who uses his expertise and years of knowledge to provide the best strategies for optimum results.
  • This plan offers SIP, STP, and RWP facility for the convenience of the customers.

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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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