The Principal Dynamic Bond Fund is a product which is offered by Principal Mutual Fund. The asset management company (AMC) for the mutual fund is Principal Asset Management Private Limited which was known as Principal Pnb Asset Management Company Private Limited earlier. The name of the trustee company is Principal Trustee Company Private Limited.
The Principal Dynamic Bond Fund - Regular Plan - Annual Dividend Option is an open-ended dynamic debt scheme that invests across varied durations.
Investment Objectives of the Principal Dynamic Bond Fund - Regular Plan - Annual Dividend Option
The investment objective of the Principal Dynamic Bond Fund - Regular Plan - Annual Dividend Option is to facilitate the generation of income regularly and help in the appreciation of capital through investments made in debt instruments and other instruments which are related to debt. However, the realisation of the investment objectives is not assured.
Key Features of the Principal Dynamic Bond Fund - Regular Plan - Annual Dividend Option
The key features of the Principal Dynamic Bond Fund - Regular Plan - Annual Dividend Option are listed below:
|
Type of fund |
An open-ended dynamic debt scheme that invests across varied durations. |
|
Plans available |
|
|
Options under each plan |
|
|
Risk |
Moderate |
|
Systematic Investment Plan (SIP) |
Available |
|
Systematic Transfer Plan (STP) |
Available |
|
Regular Withdrawal Plan |
Available |
Investment Amount for the Principal Dynamic Bond Fund - Regular Plan - Annual Dividend Option
|
Minimum application amount |
Rs.5,000 and any amount thereafter |
|
Minimum additional investment |
Rs.1,000 and any amount thereafter |
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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 |
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Asset Allocation for the Principal Dynamic Bond Fund - Regular Plan - Annual Dividend 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 Securities |
0% |
100% |
Low |
|
Securitised Debt |
0% |
50% |
Low to Medium |
NAV Disclosure and Benchmark of the Principal Dynamic Bond Fund - Regular Plan - Annual Dividend Option
As per the prescribed mandate of the SEBI (Mutual Fund) Regulations, 1996, the Net Asset Value or NAV of each unit under the scheme has to be calculated and published by the end of every working day. The following formula is used for determining the NAV:
Net Asset Value (NAV) = (Market value or Fair value of securities under the scheme + Accrued Income + Receivables + Other Assets - Accrued Expenses - Payables - Other Liabilities) / Total Number of outstanding units.
The NAV is rounded off to 4 decimal places and is published in the official website of the mutual fund as well as the AMFI website. In addition to this, it is also required to be published in at least 2 daily national newspapers.
The benchmark of the Principal Dynamic Bond Fund - Regular Plan - Annual Dividend Option is CRISIL Composite Bond Fund Index.
Principal Dynamic Bond Fund - Regular Plan - Annual Dividend Option Fund Manager
The Principal Dynamic Bond Fund - Regular Plan - Annual Dividend 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 - Regular Plan - Annual Dividend Option?
Principal Financial Group, the organisation which sponsors the Principal Mutual Fund, is one of the oldest and leading investment management companies in the world. Being one of the most trusted names, the Principal Mutual Fund has a huge customer base across the nation. It has as many as 4 lakh customers. If the investment objectives of an investor are served by the scheme, the Principal Dynamic Bond Fund - Regular Plan - Annual Dividend scheme is one of the best options to invest in.
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