The Principal Mutual Fund is managed by the asset management company (AMC) called Principal Asset Management Private Limited. It is one of the oldest investment managers. The name of the trustee company is Principal Trustee Company Private Limited.
The Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option is an open-ended dynamic debt scheme that invests in securities of varying durations.
Investment Objectives of the Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option
The main objective of investment of the Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option is to preserve the capital. In addition to that, it also generates the growth of capital and/or generates regular income through investments made in debt instruments and other instruments related to debt.
Key Features of the Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option
The main features of the Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option are as follows:
|
Type of fund |
An open-ended dynamic debt scheme that invests in securities of varying durations. |
|
Plans available |
|
|
Options under each plan |
|
|
Risk |
Moderate |
|
Systematic Investment Plan (SIP) |
Available |
|
Systematic Transfer Plan (STP) |
Available |
|
Regular Withdrawal Plan (RWP) |
Available |
Investment Amount for the Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option
|
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 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 Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option
|
Type of security |
Indicative Allocations (percentage of total assets) |
Risk Profile |
|
|
Minimum |
Maximum |
High/Medium/Low |
|
|
Debt Securities |
0% |
100% |
Low to Medium |
|
Money Market Instruments |
0% |
100% |
Low |
|
Securitised Debt |
0% |
50% |
Low to Medium |
NAV Disclosure and Benchmark of the Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option
The net asset value or NAV of each unit under the Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option is required to be calculated and published by the end of every working day. This is mandatorily published by 9:00 p.m. of every business day. The calculation is done on the basis of the recommendations of the SEBI (Mutual Fund) Regulations, 1996. The NAV is calculated with the help of the following formula:
NAV = (Market or Fair Value of Securities + Accrued Income + Receivables + Other assets - Accrued Expenses - Payables - Other Liabilities) / Total number of units that are outstanding under the scheme on the date of calculation.
The NAV is calculated and rounded off to up to 4 decimal places.
The benchmark of the Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option is CRISIL Composite Bond Fund Index.
Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option Fund Manager
The Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option is managed by Ms. Bekxy Kuriakose. She has been managing the fund since January 2013.
Why should you invest in the Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option?
The Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment Option is a product offered by Principal Asset Management Private Limited (renamed from Principal Pnb Asset Management Company Private Limited). It is one of the oldest and one of the most renowned asset management companies (AMCs) in the world. If the investment objectives of an investor are fulfilled by the objectives of the Principal Dynamic Bond Fund - Direct Plan - Annual Dividend Reinvestment scheme, it is a great option to invest in.
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