Principal Equity Savings Fund(HDR)

Principal Equity Savings Fund(HDR)
Dividend Yearly
0.51  (As on 17-06-2019)
Category
Equity - Others
52-week NAV high
36.26  (As on 28-11-2019)
52-week NAV low
34.05  (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 0.97 4.84 3.40 6.35 6.25 5.46 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
0
Launch Date
May 23, 2002
Last Dividend
0.51
Minimum Investment
5000

The Principal Equity Savings Fund - Half Yearly Dividend Reinvestment is an open-ended equity scheme that comes with a moderately high risk profile. Principal Mutual Fund offers the scheme and Principal PNB Asset Management Company Private Limited manages the scheme. Principal Trustee Company Private Limited is the trustee company of the fund house.

Investment Objective of the Principal Equity Savings Fund - Half Yearly Dividend Reinvestment

The Principal Equity Savings Fund - Half Yearly Dividend Reinvestment aims to generate capital growth along with providing income distribution through the use of arbitrage opportunities, equity and equity-related securities, and investments in money market and debt securities.

Key Features of Principal Equity Savings Fund - Half Yearly Dividend Reinvestment

Some of the significant features of the Principal Equity Savings Fund - Half Yearly Dividend Reinvestment are as indicated in the table below:

Type of fund Open-ended equity scheme
Plans available The plans available under the Principal Equity Savings Fund include the Direct Plan and the Regular Plan
Options under each plan Both plans offer the Growth Option and the Dividend Option The Dividend Option offers Quarterly and Half-Yearly payouts and comes with three facilities, viz. Dividend Payout, Dividend Reinvestment, and Dividend Sweep
Risk Moderately High
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available

Investment Amount for the Principal Equity Savings Fund - Half Yearly Dividend Reinvestment

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) Rs.2,000 (minimum of six instalments)
Entry Load Not Applicable
Exit Load In case units of the scheme are redeemed within a period of one year from the date of allotment, the NAV levied will be 1% of the applicable NAV

Asset Allocation for the Principal Equity Savings Fund - Half Yearly Dividend Reinvestment

Instruments Allocations (Percentage of total assets) Risk Profile
Equity and equity-related securities 65% to 90% Medium to High
Net Long Equity Exposure (units of equity mutual fund schemes) 20% to 30% High
Equity Exposure Equity (only arbitrage opportunities) 40% to 70% Low to Medium
Money market and debt securities and fixed income derivatives 10% to 35% Low

NAV Disclosure and Benchmark for the Principal Equity Savings Fund - Half Yearly Dividend Reinvestment

Principal PNB Asset Management Company Private Limited shall calculate the Net Asset Value of the Principal Equity Savings Fund - Half Yearly Dividend Reinvestment on every working day and the same shall be published in a minimum of two national dailies. The NAV of the Principal Equity Savings Fund - Half Yearly Dividend Reinvestment shall also be updated on the website of the mutual fund as well as the website of the Association of Mutual Funds in India by 9:00 p.m. on each working day.

Principal Equity Savings Fund - Half Yearly Dividend Reinvestment Fund Manager

The Principal Equity Savings Fund - Half Yearly Dividend Reinvestment has been managed by Mr. PVK Mohan since June 2016. He currently serves as the Head of Equity at Principal PNB Asset Management Company Private Limited, and has more than 22 years of experience in Indian Equity markets. Mr. Mohan also manages a few other schemes for the fund house such as Principal Growth Fund, Principal Balanced Fund, and Principal Tax Savings Fund.

Why you should Invest in the Principal Equity Savings Fund - Half Yearly Dividend Reinvestment

The Principal Equity Savings Fund - Half Yearly Dividend Reinvestment can be a suitable investment option for those who seek capital growth along with regular income in the medium to short term by investing in money market and debt securities, equity and equity-related securities, and arbitrage opportunities.

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