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Types of Principal Mutual Funds
Principal Mutual Funds
If the investors choose to invest in an equity fund, then they can deposit in individual securities rather than stocks. Every unit invested will have a net asset value that fluctuates daily according to the stock market. There are 8 types of equity funds under Principle Mutual funds. They are
Principal Small Cap Fund- Growth
This is an open-ended equity scheme which allows the investor to predominantly invest in equity and equity-related instruments in small cap stocks. This scheme provides long term capital growth to the investor. The risk degree is moderately high for this scheme.
The normal asset allocation will be as follows.
The scheme will invest in the below listed securities
Principal Multi Cap Fund Growth
This scheme allows to invest in large cap, mid cap, and small cap stocks. The investment will be on equity and equity-related securities of companies across market capitalization. The risk factor is moderately high for this scheme.
Under this scheme, the investors can invest in the below-listed securities
Principal Dividend Yield Fund Growth
In this fund, the investors can invest in equity and equity derivatives of high dividend yield companies. The risk factor is moderately high for this scheme.
Principal Tax Savings Fund – Growth
This is an open-ended savings scheme with a lock-in period of 3 years and tax benefits. This scheme is suitable for those investors who are looking for long-term capital growth. By choosing this scheme the investor can avail deduction from the total income as per the Income Tax Act, 1961. The risk factor is moderately high for this scheme.
The units can be invested in the below-listed securities.
Principal Emerging Bluechip Fund Growth
This is an open-ended scheme in which the investor can invest large cap and mid cap stocks. The risk factor is moderately high for this scheme.
The scheme will invest in the below-listed securities
Principal Focused Multicap Fund-Growth
This scheme offers long term capital growth by investing in 30 multi-cap stocks. The risk is moderately high.
Principal Personal Tax Saver Fund-Growth
The investments will be made in equity and equity-related instruments. The risk factor is moderately high for this scheme. It has a 3 year look-in period.
Principal Nifty 100 Equal-Weight Fund-Growth
It is an open-ended scheme which provides long term capital growth. The risk factor is moderately high for this scheme.
If invested in debt securities, one can get regular income without the fear of taking higher risks. Debt funds are considered as safe when compared to equity. The different types of debt funds available with Principal mutual funds are
Principle Ultra Short Term Fund Growth
This scheme is suitable for those investors who want to get income over a short period of time. The risk factor is moderately low as the maturity of the securities is from 3 months and 6 months.
Principal Credit Risk Fund Growth
This scheme is an open ended debt scheme where the investors can predominantly invest in the securities of AA and below rated corporate bonds. Under this scheme, the investors can get an income over the long term. The risk factor is moderate for this scheme.
Principal Short Term Debt Fund Growth
This scheme for those investors who seek good income in a short period of time. The duration of this scheme is between 1 to 2 months which makes the risk factor moderate.
Principal Cash Management Fund Growth
This open-ended liquid scheme allows investors to invest in debt and money market instruments which have a maturity period of not more than 91 days. The risk degree is low for this scheme.
Principal Dynamic Bond Fund Growth
This scheme is for those who seek regular income for a long term by investing in debt and money market instruments. The risk factor is moderate for this scheme.
Principal Low Duration Fund Growth
This scheme allows investors to invest in debt and money market securities for short term between 6 and 12 months. The risk factor is moderately low for this scheme.
Under this fund, there are three schemes.
Principle Hybrid Equity Fund Growth
Under this scheme the investor can invest in equity and equity related instruments. The risk factor is moderately high, however, the investor can expect long term capital growth.
Principal Equity Savings Fund Growth
This scheme allows investing in equity, arbitrage, and debt. Investors can get income over the long term. The risk factor is moderately high for this scheme.
Principal Balanced Advanced Fund Growth
This scheme helps the investor to get long term capital growth by investing in equity derivatives and debt and money market instruments.
Principal Arbitrage Fund-Growth
This is an open-ended scheme which is good for investors who seek income over short term. The scheme invests in arbitrage opportunities between cash and derivative segments. The risk factor is moderately low.
Principal Global Opportunities Fund - This is an open- ended scheme in which investments will be made in Principal Global Investors fund or overseas mutual funds. The risk factor is high for this scheme.
Under this fund, there are three schemes available.
Principal Retirement Savings Fund Progressive Plan-Growth
This is an open ended scheme which have a lock in period of 5 years or until the retirement age whichever is earlier. The risk factor is moderately high for this scheme.
Principal Retirement Savings Fund Moderate Plan-Growth
This scheme allows to invest in equity and equity-related instruments. The risk factor is moderately high for this scheme.
Principal Retirement Savings Fund Conservative Plan Growth
Investments are made in equity and related instruments. The risk degree is moderately high.
1. What are the documents needed for investing in a Principal mutual fund?
2. What does the term benchmark mean in Principal Mutual Funds?
A benchmark is an unmanaged group of securities by which the investors can measure the performance of a company’s stock or funds.
3. How to apply for Principal Mutual funds?
You can apply via online or by walking to a branch of Principal mutual funds.
4. How is the NAV calculated?
The NAV is calculated as the current value of the total assets less the liability total value divided by the total outstanding units.
5. What is Asset under management (AUM)?
The AUM helps to measure the total market value of the investments that are managed by mutual funds, hedge funds, or portfolio manager.
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