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Principal Low Duration Fund(G)

Principal Low Duration Fund(G)
Dividend Yearly
NA
Category
Debt - Ultra Short Term
52-week NAV high
2,941.39  (As on 16-04-2019)
52-week NAV low
2,776.38  (As on 20-04-2018)
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 0.34 1.26 3.56 5.84 6.51 7.09 7.40 7.60 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Sep 14, 2004
Last Dividend
NA
Minimum Investment
5000

The Principal Low Duration Fund - Growth option is an open-ended low duration debt scheme offered by Principal Mutual Fund, an asset management firm managed by the Principal Asset Management Pvt. Ltd. Principal Mutual Fund has 102 investor centres and more than 20,000 empanelled distributors across India and serves more than 4 lakh customers.

The scheme invests in securities in a way that the portfolio’s Macaulay Duration ranges between 6 months and 12 months. The growth option of the Principal Low Duration Fund will offer capital appreciation to the investor at the end of the scheme tenure which in this case, is short term.

Investment Objective

To yield capital appreciation for the investor over a short term by making investments in money market and debt securities.

Key Features of the Scheme

The Principal Low Duration Fund is ideal for investors who wish to receive income over a short term and prefer investing in debt and money market securities. The scheme exhibits the below-given features:

Type of Fund An open-ended debt scheme
Plans Available Regular Plan and Direct Plan
Options under each Plan
  1. Growth Option
  2. Dividend Option
The dividend option has payout, sweep, and reinvestment facility
Risk Moderately Low
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available

Investment Amount for Principal Low Duration Fund

Minimum Application Amount Rs.5,000 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 instalments
Minimum Installment for Systematic Transfer Plan (STP) Rs.1,000 for a minimum of 6 instalments
Minimum Amount for Systematic Withdrawal Plan (SWP) Rs.500 each for a minimum of 6 instalments
Entry Load Not Applicable
Exit Load Nil

Asset Allocation for Principal Low Duration Fund

Types of Securities Percentage of Net Assets Risk Profile
Money market and debt securities (including CBLO and cash) Up to 100% Low to Medium

NAV Disclosure and Benchmark for Principal Low Duration Fund

The Net Asset Value (NAV) of the Principal Low Duration 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 and disclosed on every business day. The NAV will be 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 - CRISIL Low Duration Debt Index

Fund Manager of the Principal Low Duration Fund

Mr. Pankaj Jain

The Principal Low Duration Fund is managed by Mr. Pankaj Jain since January 2012. Mr. Jain has more than 16 years of experience in the fixed income markets. Prior to joining Principal Mutual Fund, he had worked with Taurus Mutual Fund, Edelweiss Mutual Fund, and Edelweiss Capital. The other schemes managed by him include Principal Ultra Short Term Fund, Principal Equity Savings Fund, and Principal Cash Management Fund.

Why you should invest in the Principal Low Duration Fund (Growth Option)

The Principal Low Duration Fund - Growth yields capital gains with a moderately low risk and being an open-ended scheme, you can redeem the units on any given business day. Hence, investors can take advantage of the liquidity offered by the scheme. Also, investors who are looking at investing over a short term should consider the Principal Low Duration 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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