Principal Mutual Funds

Equity 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
• Principal Multi Cap Fund-Growth
• Principal Dividend Yield Fund Growth
• Principal Tax Savings Fund-Growth
• Principal Emerging Blue chip Fund Growth
• Principal Focused Multi Cap Fund Growth
• Principal Personal tax Saver Fund Growth
• Principal Nifty 100 Equal Weight Fund Growth

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.

Asset Allocation

The normal asset allocation will be as follows.

Features

• The Benchmark for the scheme is Nifty Small Cap 100 Index
• There is no entry load
• Exit load, if redeemed on or before a year from the allotment date, its Nil. It will be 1 % if redeemed after the period mentioned
• The minimum application amount is Rs 5000 for Dividend and Growth option
• The minimum redemption amount is Rs 500 or account balance or 50 units whichever is less
• The face value is Rs 10 per unit
• The scheme offers two plans namely direct plan and regular plan
• The minimum investors required for this scheme is 20

Investment Securities

The scheme will invest in the below listed securities

• Convertible instruments, equity and equity-related securities, and equity warrants
• Central and State Government-issued securities
• Central and State Government guaranteed securities, including zero-coupon bonds, treasury bills, coupon bearing bonds, etc
• Debt securities issued by statutory bodies as well as domestic Government agencies which may or may not have a central or state Government guarantee
• Securities issued by financial institutions and banks as permitted by the Security Exchange Board Of India
• Corporate debt securities and debentures
• Money market instruments that includes treasury bills, commercial bills, government of India securities which have a maturity term of a year and other instruments as permitted by RBI
• Deposits with corporate bodies and other domestic banks as permitted by SEBI
• Derivative instruments as permitted by SEBI
• Domestic Securitized Debt
• Lending and Borrowing of securities as permitted by SEBI

Eligibility

• Any Indian resident
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit

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.

Asset Allocation

Features

• The objective is to achieve long term capital return
• The Benchmark for this scheme is NIFTY 500 Index
• The minimum application amount is Rs 5000
• The minimum redemption or repurchase amount is Rs 500 or 50 units
• If the units are redeemed before a year then the exit load will be 1 % and if redeemed after a year from allotment then the exit load is nil
• The scheme has two plans. Regular and Direct
• The fund manager is Mr P.V.K Mohan

Investment Securities

Under this scheme, the investors can invest in the below-listed securities

• Equity and Equity related instruments
• Schemes managed by AMC
• Any GDR/ ADR of overseas Indian company
• Overseas companies equity securities listed on the stock exchange
• Derivative instruments
• Securities issued by overseas mutual funds registered with recognized stock exchanges
• Foreign debt securities with fully convertible currencies with a rating as given by registered credit rating agencies
• Money market instruments as per the investment grade
• Government securities, short term deposits with bank falling under the rating given as per the investment grade

Eligibility

• Any Indian resident
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit

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.

Asset Allocation

Features

• The benchmark Nifty Dividend Opportunities is 50 Index
• The minimum application amount is Rs 5000
• The minimum additional amount is Rs 1000
• The minimum redemption is Rs 500 or 50 units
• If the units are redeemed before a year, then the exit load will be 1 % and for after 365 days the exit load is nil

Investment Securities

• Equity and equity-related instruments
• Equity mutual fund schemes
• Securities issued by the central and state government
• Securities guaranteed by central/state government
• Corporate debt and debentures
• Domestic bank deposits
• Debt and money market securities
• Securities as permitted by SEBI

Eligibility

• Any Indian resident
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit

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.

Asset Allocation

Features

• The benchmark is Nifty 500 Index
• The minimum application amount is Rs 500 and after that the multiples of the same for every addition
• The minimum additional amount is Rs 500 and multiples of that for additional units
• No Exit Load
• The minimum redemption amount is Rs 500 or 50 units

Investment Securities

The units can be invested in the below-listed securities.

• Equity and equity-related instruments
• Debt securities and money market securities not less than 20 %
• Central and State Government-issued securities
• AMC managed schemes
• Other securities as permitted by SEBI

Eligibility

• Any Indian resident
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI

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.

Asset Allocation

Features

• The benchmark is NIFTY Large Midcap 250 Index.
• The minimum application amount is Rs 5000.
• The minimum additional amount is Rs 1000.
• The minimum redemption amount is Rs 500 or 50 units.
• The exit load is 1% if redeemed before 30 days.

Investment Securities

The scheme will invest in the below-listed securities

• Equity and equity- related instruments.
• Debt oriented and money market securities
• Other schemes managed by AMC
• Schemes or securities as permitted under regulations
• ADRs/GDRs not exceeding 15 % of the net assets.
• Other securities as permitted by SEBI
• Government securities under the investment- grade given by SEBI

Eligibility

• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Any Indian resident
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI
• NRI’s

Principal Focused Multicap Fund-Growth

This scheme offers long term capital growth by investing in 30 multi-cap stocks. The risk is moderately high.

Asset Allocation

Features

• The benchmark is S&P BSE 250 Large Midcap Index
• The minimum application amount is Rs 5000
• The minimum additional amount is Rs 1000
• Exit Load is 1 % if redeemed before a year
• The minimum redemption amount is Rs 500 or 50 units

Investment Securities

The units can be invested in the below-listed securities.

• Equity and equity-related instruments with portfolio no more than 30 stocks
• Debt securities and money market securities not less than 20 %.
• AMC managed schemes
• Other securities as permitted by SEBI

Eligibility

• Any Indian resident
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI

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.

Asset Allocation

Features

• The benchmark is Nifty 500 Index.
• No exit load
• The minimum redemption amount is Rs 500 or 50 units.

Investment Securities

The units can be invested in the below-listed securities.

• Equity and equity-related instruments
• Debt securities and money market securities
• Central and State Government- issued securities
• AMC managed schemes
• Other securities as permitted by SEBI

Eligibility

• Any Indian resident
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds

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.

Asset Allocation

Features

• The benchmark is Nifty 100 Equal Weight Index.
• 1 % exit load if redeemed within 90 days.
• The minimum redemption amount is Rs 500 or 50 units.
• The minimum application amount is Rs 5000

Investment Securities

The units can be invested in the below-listed securities.

• Securities of companies included in NIFTY 100 Equal weight index.
• AMC managed schemes
• Other securities as permitted by SEBI

Eligibility

• Any Indian resident
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds

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.

Asset Allocation

Features

• The investment objective is to raise income through short term investments in debt and money market instruments.
• The benchmark is CRISIL Liquid Fund Index
• The minimum application amount is Rs 5000.
• The minimum application amount for existing investor is Rs 1000.
• The minimum redemption amount is Rs 1000 or 100 units.
• No exit load and entry load is applicable.

Investment Securities

• Debt and money market securities
• Other schemes managed by AMC within the limitations of SEBI
• The state government and central government-issued securities
• Any other securities as permitted by SEBI or RBI

Eligibility

• Any Indian resident
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit.

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.

Asset Allocation

Features

• The investment objective is to generate capital gains by investing in AA and below corporate bonds.
• The benchmark NIFTY Credit Risk Bond Index.
• The minimum application amount is Rs 5000.
• The minimum application amount for existing investors is Rs 1000.
• Exit load is 1 % if redeemed before a year from the date of allotment and nil if redeemed after a year.
• The minimum redemption amount is Rs 500 or 50 units.
• The fund manager is Mr Guruvinder Singh Wasan.

Investment Securities

• AA and below rated debt securities issued by financial institutions, banks, body corporate including debentures, strips, bonds, etc.
• The scheme will also invest in debt instruments issued by central or state government-owned companies and statutory body which may or may not have a state and central Government guarantee.
• The scheme can also invest in other money market instruments which is equivalent to cash.
• Derivatives, if permitted by SEBI
• Other AMC managed schemes
• Other securities as permitted/issued by SEBI.

Eligibility

• Any Indian resident
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit.

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.

Asset Allocation

Features

• The investment objective is to get benefit from investing for a short period in debt and money market instruments.
• The benchmark CRISIL Short Term Bond Fund Index
• The minimum application amount is Rs 5000.
• The minimum additional amount is Rs 1000
• No exit load and entry load
• The minimum redemption amount is Rs 500 or 50 units
• There are two plans under this scheme. Regular and Direct.

Investment Securities

• The scheme will be investing in debt securities and money market instruments.
• It can also invest in debt instruments and debt-related securities of quasi-government, government, and corporate issuers.
• Other AMC related schemes
• Any other securities as permitted by the SEBI

Eligibility

• Any Indian resident
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts

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.

Asset Allocation

Features

• The investment objective is to provide a good income in a short period of time.
• The benchmark CRISIL Liquid Fund Index
• No entry or exit load.
• The minimum application amount is Rs 5000.
• The minimum additional amount is Rs 1000.
• The minimum redemption amount is Rs 1000 or 100 units.
• Up to 35 % of the nett assets can be invested in derivatives.

Investment Securities

• Debt and money market securities, Bank deposits.
• Any other schemes by the AMC.
• Derivatives.
• Foreign debt securities where the currency can be fully convertible.
• Money market instruments not below the investment grade mentioned by SEBI.
• Other securities as permitted by SEBI.

Eligibility

• Any Indian resident
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• NRI’s

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.

Asset Allocation

Features

• The benchmark is CRISIL Composite Bond Fund Index
• The minimum application amount is Rs 5000
• The minimum additional amount is Rs 1000
• The minimum redemption amount is Rs 500 or 50 units
• The exit loan would be 1% if redeemed before 365 days from the date of allotment. Nil exit load if redeemed after 365 days.

Investment Securities

• Government Of India securities
• Debt instruments issued by Central or state government, govt. agencies, public sector undertakings, statutory bodies, and financial institutions.
• Debt instruments by corporations and banks.
• Money market instruments and debt instruments as permitted by SEBI.
• Derivatives
• Other AMC managed securities or schemes.
• Other securities as permitted by SEBI.

Eligibility

• Hindu Undivided Family (HUF)
• Any Indian resident
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Institutions, companies, public sector undertakings etc.
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• NRI’s

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.

Asset Allocation

Features

• The benchmark is CRISIL Low Duration Debt Index
• The minimum application amount is Rs 5000.
• The minimum additional amount is Rs 1000.
• The minimum redemption amount Rs 500 or 50 units.
• No Exit load or entry load
• The investment in debt instruments may go up to 50 % of the nett asset value

Investment Securities

• Debt and money market securities
• Other schemes managed by the AMC.
• Other SEBI permitted securities.

Eligibility

• Hindu Undivided Family (HUF)
• Any Indian resident
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Institutions, companies, public sector undertakings etc.

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.

Asset Allocation

Features

• The benchmark is Crisil Hybrid 35+65–Aggressive Index
• The minimum application amount is Rs 5000.
• The minimum additional amount is Rs 1000.
• The exit load is 1 % if the securities are redeemed within 365 days.
• The minimum redemption amount is Rs 500 or 50 units.

Investment Securities

• Equity and equity-related instruments.
• Debt oriented and money market securities
• Other schemes managed by AMC
• Schemes or securities as permitted under regulations
• ADRs/GDRs not exceeding 15 % of the nett assets.
• Other securities as permitted by SEBI
• Government securities under the investment-grade given by SEBI

Eligibility

• Hindu Undivided Family (HUF)
• Any Indian resident
• NRI’s
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• Institutions, companies, public sector undertakings etc.

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.

Asset Allocation

Features

• The benchmark is 30% Nifty50 Index+70%CRISIL Liquid Fund Index
• No exit and entry load
• The minimum application amount is Rs 5000.
• The minimum additional amount is Rs 1000.
• The minimum redemption amount is Rs 500 or 50 units.

Investment Securities

• Equity and equity-related instruments.
• Equity mutual fund schemes.
• Securities issued by the central and state government.
• Securities guaranteed by central/state government.
• Corporate debt and debentures
• Domestic bank deposits
• Debt and money market securities.
• Securities as permitted by SEBI

Eligibility

• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Hindu Undivided Family (HUF)
• Any Indian resident
• NRI’s
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• Institutions, companies, public sector undertakings etc.

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.

Asset Allocation

Features

• The benchmark is 50% Nifty 100 Index + 35% Crisil Short Term Bond Index + 15% NIFTY Arbitrage Index
• The minimum application amount is Rs 5000 and for additions multiples of Rs 1.
• The minimum additional amount is Rs 1000 and for additions multiples of Rs 1.
• The exit load is 1 % if the securities are redeemed within 365 days.
• The minimum redemption amount is Rs 500 or 50 units.

Investment Securities

• Equity and equity-related instruments.
• Other schemes managed by AMC
• Schemes or securities as permitted under regulations
• Other securities as permitted by SEBI

Eligibility

• Hindu Undivided Family (HUF)
• Any Indian resident
• NRI’s
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Mutual Funds registered with SEBI
• Foreign Portfolio Investors
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• Institutions, companies, public sector undertakings etc.

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.

Asset Allocation

Features

• The benchmark is Nifty50 Arbitrage Index
• If redeemed within a month the exit load is .50%
• The minimum application amount is Rs 5000. And multiples of Rs 1 thereafter.
• The minimum redemption amount is Rs 500 or 50 units.

Investment Securities

• Equity and equity-related instruments.
• Domestic bank deposits
• Debt and money market securities.
• Securities as permitted by SEBI
• Equity mutual fund schemes.
• Securities issued by the central and state government.
• Securities guaranteed by central/state government.
• Corporate debt and debentures

Eligibility

• Foreign Portfolio Investors
• Hindu Undivided Family (HUF)
• Any Indian resident
• NRI’s
• Banks and other Financial institutions as permitted by RBI
• Charitable Trusts
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Mutual Funds registered with SEBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• Institutions, companies, public sector undertakings etc.

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.

Asset Allocation

Features

• The benchmark is MSCI All Country World Small Cap Index
• The minimum application amount is Rs 10000 and thereafter in multiples of Re 1
• The minimum additional amount is Rs 1000 and thereafter in multiples of Re 1
• The exit load is 1 % if the securities are redeemed within 12 months

Investment Securities

• Overseas mutual fund
• Money market securities, and debt schemes of Principal mutual fund.
• Other securities as permitted by the SEBI

Eligibility

• Charitable Trusts
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Mutual Funds registered with SEBI
• Foreign Portfolio Investors
• Hindu Undivided Family (HUF)
• Any Indian resident
• NRI’s
• Banks and other Financial institutions as permitted by RBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• Institutions, companies, public sector undertakings etc.

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.

Asset Allocation

Features

• There are three plans available namely conservative, moderate, and progressive plan
• The benchmark for this scheme is Nifty 200 Full Market Cap Index
• The minimum application amount is Rs 5000
• The minimum additional amount is Rs 1000

Investment Securities

• Equity and equity-related instruments.
• Domestic bank deposits
• Debt and money market securities.
• Securities as permitted by SEBI
• Equity mutual fund schemes.
• Securities issued by the central and state government.
• Securities guaranteed by central/state government.
• Corporate debt and debentures

Eligibility

• Charitable Trusts
• Any Indian resident
• NRI’s
• Banks and other Financial institutions as permitted by RBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• Institutions, companies, public sector undertakings etc.
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit
• Mutual Funds registered with SEBI
• Foreign Portfolio Investors
• Hindu Undivided Family (HUF)

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.

Asset Allocation

Features

• The benchmark for a moderate plan is CRISIL Hybrid 35+65 - Aggressive Index
• The minimum application amount is Rs 5000.
• The minimum additional amount is Rs 1000.

Investment Securities

• Equity and equity-related instruments
• Domestic bank deposits
• Debt and money market securities
as permitted by SEBI
• Equity mutual fund schemes
issued by the central and state government
• Securities guaranteed by central/state government
• Corporate debt and debentures

Eligibility

• Charitable Trusts
• Any Indian resident
• NRI’s
• Banks and other Financial institutions as permitted by RBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• Mutual Funds registered with SEBI
• Foreign Portfolio Investors
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit

Principal Retirement Savings Fund Conservative Plan Growth

Investments are made in equity and related instruments. The risk degree is moderately high.

Asset Allocation

Features

• The benchmark for a moderate plan is 30% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index
• The minimum application amount is Rs 5000
• The minimum additional amount is Rs 1000

Investment Securities

• Equity and equity-related instruments
• Domestic bank deposits
• Debt and money market securities
• Securities as permitted by SEBI
• Equity mutual fund schemes
• Securities issued by the central and state government
• Securities guaranteed by central/state government
• Corporate debt and debentures

Eligibility

• Charitable Trusts
• Any Indian resident
• NRI’s
• Banks and other Financial institutions as permitted by RBI
• Multilateral Funding agencies outside India which have the permission of Government Of India or RBI.
• Mutual Funds registered with SEBI
• Foreign Portfolio Investors
• Hindu Undivided Family (HUF)
• Institutions, companies, public sector undertakings etc.
• Other schemes of Principal mutual funds
• Provident/gratuity/ superannuation funds and other similar funds for employee benefit

1. What are the documents needed for investing in a Principal mutual fund?

• ID proof
• Passport size photo
• Address proof
• KYC documents

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.