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Principal Low Duration Fund(DD)

Principal Low Duration Fund(DD)
Dividend Yearly
0.13  (As on 22-04-2019)
Category
Debt - Ultra Short Term
52-week NAV high
2,505.31  (As on 22-04-2019)
52-week NAV low
2,365.04  (As on 26-04-2018)
Expense
0.7%  (As on 28-02-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 0.25 0.90 2.55 4.27 4.67 5.12 5.32 5.51 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
0
Launch Date
Apr 12, 2007
Last Dividend
0.13
Minimum Investment
5000

The Principal Low Duration Fund - Daily Dividend Option was offered by Principal Mutual Fund. Currently, fresh subscriptions have been discontinued.

Principal Mutual Fund is managed by Principal Asset Management Private Limited. This belongs to the parent group, the Principal Financial Group, which is a global investment management firm with over 130 years of experience. Principal Mutual Fund is trusted by over 4 lakh investors. Empanelled distributors for the Principal Mutual Fund are approximately 20,000 across the country with over 102 investor centres.

The Daily Dividend option is ideal for those who want to see maximum utilisation of their funds and appreciation over a short period of time.

Investment Objective of Principal Low Duration Fund - Daily Dividend Option

The investment objective of the Principal Low Duration Fund - Daily Dividend Option is to generate capital appreciation and regular income by investing in money market instruments and debt securities.

Key Features of Principal Low Duration Fund

Some of the significant features of the Principal Low Duration Fund are as indicated in the table below:

Type of fund

It is a low-duration, open-ended debt scheme that invests in instruments with a Macaulay duration that is between 6 and 12 months.

Plans available

Regular Plan and Direct plan options are available.

Options under each plan

The Regular and Direct plans offer the following options:

  • Growth
  • Dividend

The Dividend option has the following facilities:

  • Daily and weekly reinvestment of dividend
  • Monthly payout, reinvestment, and sweep

Risk

Moderately low

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Regular Withdrawal Plan

Available

Investment Amount for Principal Low Duration Fund - Daily Dividend Option

Minimum application amount

Rs.5,000 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

Six minimum instalments of Rs.500 each

Entry Load

NA

Exit Load

NA

Asset Allocation for Principal Low Duration Fund - Daily Dividend Option

Instruments

Normal Allocation

(Percentage of assets)

Risk Profile

Money market and debt instruments and units of Debt mutual fund schemes, money market and liquid instruments

Up to 100%

Low to medium

NAV Disclosure and Benchmark for Principal Low Duration Fund - Daily Dividend Option

NAV Calculation: The NAV per unit is calculated by adding up the market value of securities, accrued income, receivables and other assets, and subtracting the accrued expenses, payables, and other liabilities, and then dividing this by the number of outstanding units. The calculation is done up to 4 decimal points.

NAV Disclosure: The NAV is disclosed on every business day by 9:00 p.m. It is updated on the website of Principal Mutual Fund as well as on the website of the Association of Mutual Funds of India (AMFI). It is also published in two national daily newspapers.

Fund liquidity: Fund liquidity is possible on all business days at prices based on the NAV.

Benchmark Index: CRISIL Low Duration Debt Index

Principal Low Duration Fund - Daily Dividend Option Manager

Mr. Pankaj Jain is the fund manager. He has been managing this fund since 2012. He is also the Senior Fund Manager - Fixed Income in Principal Mutual Fund. He has over 16 years of expertise in the field of fixed income markets management. He had worked with leading asset management firms prior to this, such as Edelweiss Mutual Fund and Taurus Mutual Fund.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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