Principal Global Opportunities Fund - Annual Dividend Sweep is offered by Principal Mutual Fund. The company manages the assets of 4 lakh customers across India. It has empanelled distributors numbering 20,000 and investor centers numbering 102 across the country. It has a strong research-backed and disciplined investment approach that has been successful in creating appreciable wealth for its customers over the years. Its parent company, the Principal Financial Group, has been a trusted global leader in asset management for over 130 years.
The Principal Global Opportunities Fund - Annual Dividend Sweep is ideal for those looking to invest in foreign mutual fund schemes. It also provides good long-term capital appreciation.
Investment Objective of Principal Global Opportunities Fund - Annual Dividend Sweep
The investment objective of the Principal Global Opportunities Fund - Annual Dividend Sweep is to generate capital appreciation over the long term through investments in foreign mutual fund schemes as well as liquid/money market schemes of Principal Mutual Fund and money market securities.
Key Features of Principal Global Opportunities Fund
Some of the significant features of the Principal Global Opportunities Fund are as indicated in the table below:
|
Type of fund |
This is an open-ended scheme that invests in Principal Global Investors Funds - Origin Global Smaller Companies Fund |
|
Plans available |
There are two plans available:
|
|
Options under each plan |
Both the Regular and Direct plans offer the following options:
The Dividend option, under both the Regular and Direct plans, has the following facilities:
|
|
Risk |
High |
|
Systematic Investment Plan |
Available |
|
Systematic Transfer Plan |
Available |
|
Regular Withdrawal Plan |
Available |
Investment Amount for Principal Global Opportunities Fund - Annual Dividend Sweep
|
Minimum application amount |
Rs.10,000 and any amount subsequently |
|
Minimum additional investment |
Rs.1,000 and any amount subsequently |
|
Minimum instalment for Systematic Investment Plan (SIP) |
Six minimum instalments of Rs.2,000 each |
|
Minimum instalment for Regular Withdrawal Plan (SWP) |
Six minimum instalments of Rs.500 each |
|
Entry Load |
NA |
|
Exit Load |
1% - if redeemed one year before the allotment date |
Asset Allocation for Principal Global Opportunities Fund - Annual Dividend Sweep
|
Instruments |
Indicative Allocations (Percentage of total assets) |
Risk Profile |
|
|
Minimum |
Maximum |
||
|
Foreign mutual fund scheme units |
95 |
100 |
High |
|
Units of Principal Mutual Fund debt schemes, units of liquid/money market schemes, money market securities |
0 |
5 |
Low to medium |
NAV Disclosure and Benchmark for Principal Global Opportunities Fund - Annual Dividend Sweep
NAV Calculation: The NAV is calculated by adding the market value of securities to the accrued income, receivables, and other assets, from which the accrued expenses, payables, and other liabilities are subtracted, and then dividing this by the number of outstanding units of the scheme or option. This is calculated to 4 decimals.
NAV Disclosure: The NAV is disclosed by the end of every business day within a one-day time lag.
Fund liquidity: Liquidity can be availed on all business days.
Benchmark Index: MSCI All Country World Small Cap Index
Principal Global Opportunities Fund - Annual Dividend Sweep Fund Manager
The fund manager is Mr. Rajat Jain. His tenure as fund manager is more than 14 years.
Why you should Invest in Principal Global Opportunities Fund - Annual Dividend Sweep
This is an excellent fund to invest in if you are not averse to high risk and want to grow your money appreciably. Since this fund invests in foreign mutual fund schemes, the possibility of higher returns is greater. The annual dividend sweep option allows you to reinvest the dividend amount into any other scheme within Principal Mutual Fund. This ensures that your money continues to grow. You can also choose to withdraw the money at any time without any exit load after 1 year of the allotment date. This liquidity is a great advantage if you are in need of funds at any point in time.
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GST rate of 18% applicable for all financial services effective July 1, 2017.
