Principal Equity Savings Fund(G)

Principal Equity Savings Fund(G)
Dividend Yearly
NA
Category
Equity - Others
52-week NAV high
37.00  (As on 28-11-2019)
52-week NAV low
34.74  (As on 19-02-2019)
Expense
2.41%  (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 0.38 3.42 1.45 5.34 3.72 6.84 6.64 6.03 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
May 23, 2002
Last Dividend
NA
Minimum Investment
5000

Principal Equity Savings Fund is an open-ended scheme that is offered by Principal Mutual Fund. Principal Mutual Fund is one of the leading mutual fund houses in India. The asset management company (AMC) responsible for managing the mutual fund is Principal Asset Management Private Limited. Earlier, it was known as Principal Pnb Asset Management Company Private Limited. The name of the trustee company is Principal Trustee Company Private Limited.

The Principal Equity Savings Fund is an open-ended scheme that invests in equity, debt, and arbitrage.

Investment Objectives of the Principal Equity Savings Fund - Regular Plan - Growth Option

The investment objective of the Principal Equity Savings Fund - Regular Plan - Growth Option is to provide the opportunity for the growth of capital along with the distribution of income to the investors through investments made in equity and other instruments related to equity. It also invests in debt and money market instruments and arbitrage opportunities. However, there is no assurance on the realisation of the investment objectives.

Key Features of the Principal Equity Savings Fund - Regular Plan - Growth Option

The main features of the Principal Equity Savings Fund - Regular Plan - Growth Option can be listed as follows:

Type of fund

An open-ended scheme that invests in equity, debt, and arbitrage.

Plans available

  • Principal Equity Savings Fund - Regular Plan
  • Principal Equity Savings Fund - Direct Plan

Options under each plan

  • Principal Equity Savings Fund - Regular Plan - Growth Plan
  • Principal Equity Savings Fund - Regular Plan - Dividend Plan
    • Dividend Payout Option
    • Dividend Sweep Option
    • Dividend Reinvestment Option

Available frequencies for the dividend options:

    • Half-Yearly payouts
    • Quarterly payouts
  • Principal Equity Savings Fund - Direct Plan - Growth Plan
  • Principal Equity Savings Fund - Direct Plan - Dividend Plan
    • Dividend Payout Option
    • Dividend Sweep Option
    • Dividend Reinvestment Option

Available frequencies for the dividend options:

    • Half-Yearly payouts
    • Quarterly payouts

Risk

Moderately High

Systematic Investment Plan (SIP)

Available

Systematic Transfer Plan (STP)

Available

Regular Withdrawal Plan

Available

Investment Amount for the Principal Equity Savings Fund - Regular Plan - Growth 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)

  • Monthly basis: Minimum amount: Rs.500 per instalment Minimum number of instalments: 12 instalments
  • Quarterly basis: Minimum amount: Rs.500 per instalment Minimum number of instalments: 12 instalments

Minimum instalment for Regular Withdrawal Plan

Under the Regular Withdrawal Plan, unitholders can choose from:

  • Monthly Regular Withdrawal Plan
  • Quarterly Regular Withdrawal Plan
  • Semi-Annual Regular Withdrawal Plan
  • Annual Regular Withdrawal Plan

The redemption can be:

  • A fixed number of units
  • A fixed amount

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:

  • Daily Systematic Transfer Plan
  • Weekly Systematic Transfer Plan
  • Monthly Systematic Transfer Plan
  • Quarterly Systematic Transfer Plan
  • Semi-Annual Systematic Transfer Plan
  • Annual Systematic Transfer Plan

The transfer can be made from one scheme to another or one plan to another, for the following:

  • A fixed number of units
  • A fixed amount

Minimum amount: Rs.1,000 per instalment Minimum number of instalments: 6 instalments

Entry Load

N/A

Exit Load

Nil

Asset Allocation for the Principal Equity Savings Fund - Regular Plan - Growth Option

Type of security

Indicative Allocations (percentage of total assets)

Risk Profile

Minimum

Maximum

High/Medium/Low

Equity and instruments related to equity

65%

90%

Medium to High

Net Long Equity Exposure

20%

35%

High

Equity Exposure Equity

40%

70%

Low to Medium

Money Market Securities and Debt Securities

10%

35%

Low

NAV Disclosure and Benchmark of the Principal Equity Savings Fund - Regular Plan - Growth Option

The Net Asset Value or NAV of each unit under the scheme has to be calculated by the end of every business day. The NAV is published by 9:00 p.m. The NAV is calculated and rounded off to 2 decimal places. The NAV is calculated on the basis of the recommendation provided by the SEBI (Mutual Fund) Regulations, 1996. As per the recommendation, the following formula might be used to calculate 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 under the scheme.

The NAV is published on the official website of the mutual fund as well as the AMFI website. It is also published in at least 2 national daily newspapers.

The benchmark of the Principal Equity Savings Fund - Regular Plan - Growth Option is 30% Nifty 50 Index + 70% CRISIL Liquid Fund Index.

Principal Equity Savings Fund - Regular Plan - Growth Option Fund Manager

The Principal Equity Savings Fund - Regular Plan - Growth Option is managed by the following managers:

  1. Mr. P.V.K. Mohan
  2. Mr. Pankaj Jain

Mr. P.V.K. Mohan is responsible for maintaining the equity portion of the fund and has been managing the fund since June 2016. Mr. Pankaj Jain is responsible for maintaining the debt portion of the fund and has been managing the fund since January 2018.

Why should you invest in the Principal Equity Savings Fund - Regular Plan - Growth Option?

With an experience of more than 130 years in managing funds, the Principal Financial Group is one of the leading investment management companies in the world. It is responsible for sponsoring the Principal Mutual Fund. Principal Mutual Fund has a customer base of more than 4 lakh customers. Being one of the most reliable mutual funds, it is also witnessing steady growth. The main aim of the Principal Equity Savings Fund - Regular Plan - Growth Option is to generate income or growth of income in the long run through investments predominantly made in equity and other instruments related to equity. If the investment objectives of an investor are fulfilled by the Principal Equity Savings Fund - Regular Plan - Growth Option, it is one of the best schemes to invest in.

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