The Principal Global Opportunities Fund - Direct Plan - Dividend Option is an open-ended fund of fund scheme offered by Principal Mutual Fund, an investment firm, the fund manager of which is the Principal Asset Management Pvt. Ltd. The fund house caters to the investment needs of more than 5 lakh customers through its 102 investor centres and 22,000 empanelled distributors.
The Principal Global Opportunities Fund - Direct Plan - Dividend Option invests in Principal Global Investors Fund which in turn invests in overseas mutual funds schemes. With the direct plan, investors can invest with the fund house directly and since it does not involve any intermediary, the expense ratio is lower than the regular plan. The dividend option of the scheme allows investors to receive a regular income in the form of dividends while also helping them achieve capital appreciation.
Investment Objective
To offer capital gains to the investor through investments in overseas mutual fund schemes. The fund also allocates a portion of its investments in money market securities and units of liquid/money market schemes of Principal Mutual Fund.
Key Features of the Scheme
The Principal Global Opportunities Fund is ideal for investors who have a high appetite for risk and prefer investing in overseas mutual fund schemes. The below-mentioned features are exhibited by the scheme:
|
Type of Fund |
An open-ended fund of fund scheme |
|
Plans Available |
Regular Plan and Direct Plan |
|
Options under each Plan |
The dividend option has payout, sweep, and reinvestment facility |
|
Risk |
High |
|
Systematic Investment Plan |
Available |
|
Systematic Transfer Plan |
Available |
|
Systematic Withdrawal Plan |
Available |
Investment Amount for Principal Global Opportunities Fund
|
Minimum Application Amount |
Rs.10,000 and any amount thereafter |
|
Minimum Additional Investment |
Rs.1,000 and any amount thereafter |
|
Minimum Installment for Systematic Investment Plan (SIP) |
Rs.2,000 for a minimum of 6 installments |
|
Minimum Installment for Systematic Transfer Plan (STP) |
Rs.1,000 for a minimum of 6 installments |
|
Minimum Amount for Systematic Withdrawal Plan (SWP) |
Rs.500 for a minimum of 6 installments |
|
Entry Load |
Not Applicable |
|
Exit Load |
1% of exit load will be charged if investor exits before 12 months from unit allotment date. No exit load will be charged thereafter |
Asset Allocation for Principal Global Opportunities Fund
|
Type of Instrument |
Percentage Allocation of Assets |
Risk Profile |
|
|
Minimum |
Maximum |
||
|
Units of overseas mutual fund schemes |
95% |
100% |
High |
|
Money market securities and units of liquid/money market schemes of Principal Mutual Fund |
0% |
5% |
Low to Medium |
NAV Disclosure and Benchmark for Principal Global Opportunities Fund
The Net Asset Value (NAV) of the Principal Global Opportunities Fund is derived by dividing the scheme’s net assets (market or fair value of the scheme’s investments + accrued income + receivables + other assets - accrued expenses - payables - other liabilities) by the number of outstanding units under the scheme on the date of valuation.
The NAV will be computed, disclosed, and sent for publication to 2 newspapers with nationwide circulation on every business day. The fund house will display the computed NAV on its website (www.principalindia.com) by 9:00 p.m. on the NAV declaration day. The same will be displayed by the website of the Association of Mutual Funds in India (AMFI) at www.amfiindia.com.
Benchmark - MSCI All Country World Small Cap Index
Fund Manager of the Principal Global Opportunities Fund
Mr. Rajat Jain
The Principal Global Opportunities Fund is managed by Mr. Rajat Jain and he has been managing the scheme since March 2004. Mr. Jain is currently the Chief Investment Officer at Principal Mutual Fund and he has more than 29 years of experience in managing mutual fund investments out of which 14 years have been with Principal Mutual Fund. He has previously worked with SBI Mutual Fund and the other schemes that he manages are Principal Nifty 100 Equal Weight Fund and Principal Arbitrage Fund.
Why you should invest in the Principal Global Opportunities Fund - Direct Plan - Dividend Option
The direct plan and dividend option of the Principal Global Opportunities Fund give an opportunity to investors to enjoy a lower expense ratio and a regular income. If you are an investor who has a high appetite for risk and wishes to achieve optimal returns on your investment through investments in overseas mutual fund schemes, the Principal Global Opportunities Fund is an ideal investment option.
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