Principal Dynamic Bond Fund(AD)-Direct Plan

Principal Dynamic Bond Fund(AD)-Direct Plan
Dividend Yearly
0.17  (As on 17-09-2019)
Category
Debt - Income
52-week NAV high
19.54  (As on 03-06-2019)
52-week NAV low
17.76  (As on 10-06-2019)
Expense
1.03%  (As on 30-09-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 0.13 0.14 3.50 -1.70 1.22 1.15 3.87 4.11 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
0
Launch Date
Jan 01, 2013
Last Dividend
0.17
Minimum Investment
5000

Principal Mutual Fund under the guidance of its investment manager, the Principal PNB Asset Management Company, caters a host of innovative investment solutions to both institutional and retail investors. The fund house manages the assets of over 4 lakh investors, through 20,000 empanelled distributors and 102 investor centers spread across the nation. The Principal Dynamic Bond Fund is an open-ended debt scheme of the company which helps the investors to get regular income while also enabling them to get high returns at the end of the investment tenure.

While the direct plan of this scheme allows the investors to directly invest in the scheme without taking help of the distributors at a lower expense ratio than the regular plan, the annual dividend option enables the unitholders to receive the dividends or earnings from their units in the scheme once in a year. The scheme is particularly useful for the investors who want to get regular income by investing in debt and money market securities while also building their capital.

Investment Objective of Principal Dynamic Bond Fund

The main objective of this scheme is to enable the investors to get good returns from their investments in debt and money market securities while also enjoying a regular income on a yearly basis.

Key Features of the Principal Dynamic Bond Fund

Offering a number of benefits to the investors, the Principal Dynamic Bond Fund features a number of attributes. Some of the key features of the scheme are given below:

Type of fund An open-ended dynamic debt scheme that invests in debt instruments across tenures to generate capital appreciation and regular income for the investors
Plans available
  • Regular Plan
  • Direct Plan
Options under each plan
  • Growth Option
  • Dividend Option
    • Dividend Payout
    • Dividend Reinvestment
    • Dividend Sweep
Note - The subscribers can invest in the Dividend Option only on a quarterly or yearly basis.
Risk Moderate
Systematic Investment Plan Available
Systematic Transfer Plan Available
Regular Withdrawal Plan Available

Investment Amount for Principal Dynamic Bond Fund

Before investing in this debt scheme, you should be aware of the various investment amounts. Here are the investment amounts that you have to pay under various plans for this scheme:

Minimum application amount Rs.5,000 and any amount under each plan or option after that
Minimum additional investment Rs.1,000 and any amount under each plan or option after that
Minimum installment for Systematic Investment Plan (SIP) Rs.2,000 for at least 6 installments
Minimum installment for Systematic Transfer Plan (STP) Rs.1,000 for at least 6 installments
Minimum installment for Regular Withdrawal Plan (RWP) Rs.500 for at least 6 installments
Entry Load Not applicable
Exit Load
  • 1% - For redemption and switch-out of units on or before the completion of holding period of 1 year starting from the allotment date
  • Nil - For redemption and switch-out of units after the completion of a holding period of 1 year starting from the allotment date

Asset Allocation for Principal Dynamic Bond Fund

Instruments Allocations (Percentage of total assets) Risk Profile
Debt securities Up to 100% Low to medium
Money market instruments Up to 100% Low
Securitised debt Up to 50% Low to medium

NAV Disclosure and Benchmark for Principal Dynamic Bond Fund

NAV: While computing the NAV, the total of the (market/fair value of securities + accrued income + receivables + other assets - accrued expenses - payables - other liabilities) is divided by the outstanding units of the scheme on the valuation day. The calculation of NAV is done up to 4 decimal places. The final NAV is displayed on www.principalindia.com (official website of the fund house) and www.amfiindia.com (AMFI website) by 9:00 p.m. of every working day. The NAV is also sent for publication to two popular newspapers widely circulated across the nation on a daily basis.

Liquidity: The subscribers can carry out the selling, purchasing, and redemption of their units on every business day at the prevalent NAV rates per unit. As it is an open-ended mutual fund scheme, it doesn’t enforce any restriction on buying, selling, and redemption of the units.

Benchmark: The performance of the Principal Dynamic Bond Fund is evaluated against its benchmark index the CRISIL Composite Bond Fund Index. The outcomes of this fund are benchmarked on the basis of the profits and losses of the index.

Principal Dynamic Bond Fund - Fund Manager

Mr. Bekxy Kuriakose having 18 years of experience in fund management is the manager of the Principal Dynamic Bond Fund since 2013. While being the manager of this fund for last 5 years, she is also the Chief Investment Manager of the Principal Pnb Asset Management Co. Pvt. Ltd. In past, she has been working with L&T Investment Management Limited and Reliance Life Insurance Co. Ltd. The Principal Hybrid Equity Fund, Principal Dynamic Bond Fund, and Principal Balanced Advantage Fund are the other funds of this company handled by her.

Why should you invest in the Principal Dynamic Bond – Direct Plan – Dividend Option –Annually?

There are multiple reasons why you should consider investing in the Principal Dynamic Bond Fund- Direct Plan - Annually. Here are some of the vital ones:

  • If you are looking for long-term capital growth as well as a steady annual income by investing in mutual funds then it is perfect to serve your purpose.
  • By availing the online subscription you can start your investment right from your home without personally visiting the company.
  • You needn’t save a huge amount of money to invest in this scheme. Instead, you can start your investment at a minimum amount of Rs.500.
  • Since there are a variety of investment options, you can choose any option on the basis of your investment goal and risk capacity.

The Principal Mutual Fund company is a popular and trusted option when it comes to mutual fund investment. However, before opting for any scheme go through the scheme related documents thoroughly and then start with your investment.

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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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