The Principal Global Opportunities Fund - Growth Option is an open-ended fund of fund scheme rolled out by the Principal Mutual Fund. This renowned investment firm is taken care of by the Principal Asset Management Pvt. Ltd. The fund house offers plenty of customised investment solutions to more than 4 lakh customers through its 22,000 empanelled distributors and 102 investor centers spread across the country.
The Principal Global Opportunities Fund make investments in Principal Global Investors Funds - Origin Global Smaller Companies Fund which, again, predominantly invests in overseas mutual funds schemes. The fund comes with both regular and direct plan options and each of the options offers 2 investment options to the investors - growth option and dividend option. The growth option of this scheme enables the investors to enjoy long-term capital growth on completion of the scheme duration.
Investment Objective of Principal Global Opportunities Fund
The main objective of the Principal Global Opportunities Fund is to offer capital gains to the investor over a long period of time through investments chiefly made in overseas mutual fund schemes. The fund also allocates some parts of its portfolio corpus in money market instruments and units of liquid/money market schemes of the Principal Mutual Fund.
Key Features of the Scheme of Principal Global Opportunities Fund
The Principal Global Opportunities Fund is suitable for investors with high risk-taking capability who want to invest in overseas mutual fund schemes in order to get good returns at the end of the investment tenure. Following are the key features of this scheme:
|
Type of Fund |
It is an open-ended fund of fund scheme which invests a major part of its portfolio corpus in overseas mutual fund schemes |
|
Plans Available |
Regular Plan and Direct Plan |
|
Options under each Plan |
The dividend option has a 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 subsequently |
|
Minimum Additional Investment |
Rs.1,000 and any amount subsequently |
|
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% - It the investor exits the scheme before the completion of a holding period of 12 months from the date of unit allotment. 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 instruments 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
NAV Disclosure - Principal Global Opportunities Fund’s Net Asset Value (NAV) is obtained by dividing the net assets of the scheme (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 as on the day of valuation.
The fund house calculates and updates the NAV on its website (www.principalindia.com) by 9:00 p.m. in the evening of the same day. Apart from its own website, the NAV is also displayed on the official website of the Association of Mutual Funds in India (AMFI) at www.amfiindia.com and published in 2 daily newspapers with nationwide circulation.
Liquidity - Liquidity is available through sale and repurchase of the units based on the prevalent Net Asset Value (NAV). This means the units of this open-ended fund can be purchased, sold, and redeemed by the investors on all the business days without any restrictions. In case of redemption of the units, the proceeds are sent to the unitholders within 10 days of receiving the application for redemption.
Benchmark - The benchmark index of the Principal Global Opportunities Fund is MSCI All Country World Small Cap Index. The performance of the fund is evaluated on the basis of the performance of the benchmark index.
Fund Manager of the Principal Global Opportunities Fund
The activities of the Principal Global Opportunities Fund are handled by Mr. Rajat Jain who has been managing this scheme since March 2004. Having more than 29 years of experience in managing mutual fund investments, he has been successfully taking care of this fund for more than 14 years. Currently, Mr. Jain is also functioning as the Chief Investment Officer at Principal Mutual Fund. He has previously worked with SBI Mutual Fund. The other schemes of the company that he looks after are Principal Nifty 100 Equal Weight Fund and Principal Arbitrage Fund.
Why Should You Invest in the Principal Global Opportunities Fund - Growth Option?
The reasons that make the Principal Global Opportunities Fund a lucrative option for the investors are listed below:
- The Principal Global Opportunities Fund allows the subscribers to build capital over a long investment period.
- It is ideal for investors who have high-risk tolerance and desire to get high returns by making investments in overseas mutual fund schemes.
- The scheme is managed by a professional mutual fund manager who has vast experience in this domain.
- You can invest in this scheme right from the comfort of your home by availing the online subscription facility.
- A minimum of Rs.500 is enough to start making investments in this fund. You don’t need to save and invest a lump sum amount.
If you want to gain optimum returns at a high risk in order to enjoy capital gain over a long period via investments made in foreign mutual fund schemes then the Principal Global Opportunities Fund - Growth makes an ideal option for you. However, before taking the final decision you should at first assess your investment capacity and risk-taking ability with the help of the fund manager.
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