Principal Mutual Fund

The following are the different types of offered by Principal PNB Asset Management Company:

• Equity Funds
• ELSS Funds
• Balanced Funds
• Debt/Fixed Income Funds
• Liquid Funds
• Fund of Funds

The following are the various equity funds offered by Principal PNB Asset Management Company:

1. Principal Dividend Yield Fund Fund Type Open-ended equity scheme Entry Load N/A Exit Load Benchmark Nifty Dividend Opportunities 50 Index Fund Manager Dhimant Shah Risk Factor Moderately high Investment Objective of Principal Dividend Yield Fund The investment objective of Principal Dividend Yield Fund is to generate capital growth along with dividend distribution through investments primarily in a diversified portfolio comprising stocks of companies whose dividend yield is relatively high. Who is Principal Dividend Yield Fund suitable for?The Principal Dividend Yield Fund is ideal for those who want capital growth in the long term by investment in equity and equity-related instruments of companies whose dividend yield is high.
   1. If any of the units are redeemed before a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV
   2. No exit load shall be applicable for redemptions thereafter
2. Principal Emerging Bluechip Fund Fund Type Open-ended equity scheme Entry Load N/A Exit Load If any of the units are redeemed before a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV Benchmark Nifty Large Midcap 250 Index Fund Manager Dhimant Shah Risk Factor Moderately high Investment Objective of Principal Emerging Bluechip FundThe investment objective of Principal Emerging Bluechip Fund is to generate capital growth in the long term through investment in equity and equity-related securities of midcap and large-cap companies.Who is Principal Emerging Bluechip Fund suitable for?The Principal Emerging Bluechip Fund is ideal for those who want capital appreciation in the long term by making investments in equity and equity-related instruments of mid- and large-cap companies.
3. Principal Balanced Advantage Fund Fund Type Open-ended dynamic asset allocation fund Entry Load N/A Exit Load Benchmark Nifty Arbitrage Index (15%) + CRISIL Short Term Bond Index (35%) + Nifty 100 Index (50%)Fund Manager PVK Mohan for Equity and Bekxy Kuria kose for Debt Risk Factor Moderately high Investment Objective of Principal Balanced Advantage Fund The investment objective of Principal Balanced Advantage Fund is to generate capital growth in the long term with lower volatility by allocating funds in a systematic manner into equity, money market and debt securities for defensive reasons. The PE ratio of equity markets will determine how much the scheme will allocate into equity assets. In case the PE ratio sees the markets turn expensive, the allocation in equities will come down and assets will be moved into money market and/or debt securities and vice versa. Who is Principal Balanced Advantage Fund suitable for? The Principal Balanced Advantage Fund is ideal for those who want capital appreciation in the long term by making investments in equity and equity-related instruments along with money market and debt instruments in a systematic manner.
   1. If any of the units are redeemed before a year from when they were allotted, no exit load will be levied for redeeming or switching out up to 24% of the total units
   2. An exit load of 1% shall apply if more than 24% of the units are redeemed within a year from the date of allotment
   3. No exit load shall be applicable for units that are redeemed or switched out after a year from when they were allotted
4. Principal Arbitrage Fund Fund Type Open-ended scheme Entry Load N/A Exit Load Benchmark Nifty 50 Arbitrage Index Fund Manager Rajat Jain Risk Factor Moderately low Investment Objective of Principal Arbitrage Fund The investment objective of Principal Arbitrage Fund is to generate income as well as capital growth through investments in arbitrage opportunities in equity markets’ derivative and cash segments, and making investments partly in money market and debt securities.Who is Principal Arbitrage Fund suitable for?The Principal Arbitrage Fund is ideal for those who want short-term income through investments primarily in arbitrage opportunities.
   1. If any of the units are redeemed within 30 days from when they were allotted, the exit load charged shall be 0.50% of the applicable NAV
   2. No exit load shall apply for units that are redeemed after 30 days from when they were allotted
5. Principal Focused Multicap Fund Fund Type Open-ended equity scheme Entry Load N/A Exit Load Benchmark S&P BSE 250 Large Midcap Index Fund Manager Dhimant Shah Risk Factor Moderately high  The investment objective of Principal Focused Multi cap Fund is to generate capital growth as well as dividend distribution by making investments in no more than 30 stocks across different market capitalisations. Who is Principal Focused Multicap Fund suitable for?The Principal Focused Multicap Fund is ideal for those who want capital appreciation in the long term through investments in equity and equity-related instruments of no more than 30 stocks across different market capitalisations.
   1. If any of the units are redeemed before a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV
   2. No exit load shall be levied on redemptions thereafter
6. Principal Multi Cap Growth Fund Fund Type Open-ended equity scheme Entry Load N/A Exit Load Benchmark Nifty 500 Index Fund Manager PVK Mohan Risk Factor Moderately high Investment Objective of Principal Multi Cap Growth Fund The investment objective of Principal Multi Cap Growth Fund is to generate capital growth in the long term. Who is Principal Multi Cap Growth Fund suitable for?Principal Multi Cap Growth Fund is ideal for those who want capital appreciation in the long term by investing in equity and equity-related instruments of companies across multiple market capitalisations.
   1. If any of the units are redeemed prior to a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV
   2. No exit load shall be charged on redemptions thereafter
7. Principal Nifty 100 Equal Weight Fund Fund Type Open-ended scheme Entry Load N/A Exit Load Benchmark Nifty 100 Equal Weight Index Fund Manager Rajat Jain Risk Factor Moderately high The investment objective of Principal Nifty 100 Equal Weight Fund is to invest mainly in instruments that try to achieve results that correspond with the performance of the Nifty 100 Equal Weight Index. Who is Principal Nifty 100 Equal Weight Fund suitable for?The Principal Nifty 100 Equal Weight Fund is ideal for those want capital appreciation in the long term by making investments in equity instruments of companies that fall under the Nifty 100 Equal Weight Index.
   1. If any of the units are redeemed prior to the completion of 90 days from when they were allotted, the exit load charged shall be 1% of the applicable NAV
   2. No exit load shall be charged on redemptions after 90 days from the date of allotment
8. Principal Equity Savings Fund Fund Type Open-ended scheme Entry Load N/A Exit Load NilBenchmark CRISIL Liquid Fund Index (70%) and Nifty 50 Index (30%)Fund Manager PVK Mohan for Equity and Pankaj Jain for Debt Risk Factor Moderately high  The investment objective of Principal Equity Savings Fund is to offer income distribution and capital appreciation through investment in arbitrage opportunities, equity and equity-related securities, as well as money market and debt securities.Who is Principal Equity Savings Fund suitable for?The Principal Equity Savings Fund is ideal for those who want capital growth as well as income generation between the medium and long term by investing in arbitrage opportunities, equity and equity-related instruments, and money market and debt securities.

The following are the ELSS funds offered by Principal PNB Asset Management Company:

1. Principal Tax Savings Fund Fund Type Open-ended equity linked saving scheme which comes with a 3-year statutory lock-in period Entry Load N/A Exit Load NilBenchmark Nifty 500 Index Fund Manager PVK Mohan Risk Factor Moderately high Investment Objective of Principal Tax Savings Fund The investment objective of Principal Tax Savings Fund is to generate capital appreciation by investing in a growth-oriented portfolio and offering tax benefits to investors .Who is the Principal Tax Savings Fund suitable for?The Principal Tax Savings Fund is ideal for those who want capital growth in the long term by investing in equity and equity-related instruments across multiple market capitalisations.
2. Principal Personal Tax Saver Fund (No More Fresh Subscriptions Available) Fund Type Open-ended equity linked saving scheme Entry Load N/A Exit Load Nil Benchmark Nifty 500 Index Fund Manager PVK Mohan Risk Factor Moderately high Investment Objective of Principal Personal Tax Saver Fund The investment objective of Principal Personal Tax Saver Fund is to generate capital growth in the long term by replicating or bettering the performance of the BSE 100 Index. It also offers tax benefits to investors. Who is the Principal Personal Tax Saver Fund suitable for?The Principal Personal Tax Saver Fund is ideal for those who want capital growth in the long term by making investments in equity and equity-related instruments of large cap companies

The following is the balanced fund offered by Principal PNB Asset Management Company:

1. Principal Hybrid Equity Fund Fund Type Open-ended hybrid scheme Entry Load N/A Exit Load Benchmark CRISIL Hybrid 65+35 Aggressive Index Fund Manager PVK Mohan for Equity and Bekxy Kuriakose for Debt Risk Factor Moderately high Investment Objective of Principal Hybrid Equity Fund The investment objective of Principal Hybrid Equity Fund is to generate capital growth in the long term as well as current income through investment in equity and equity-related instruments along with fixed income instruments .Who is the Principal Hybrid Equity Fund for?The Principal Hybrid Equity Fund is ideal for those who want capital growth in the long term along by making investments in equity and equity-related instruments, money market and debt instruments, and derivatives.
   1. If any of the units are redeemed before a year from when they were allotted, no exit load will be levied for redeeming or switching out up to 24% of the total units
   2. An exit load of 1% shall apply if more than 24% of the units are redeemed within a year from the date of allotment
   3. No exit load shall be applicable for units that are redeemed or switched out after a year from when they were allotted

The following are the debt/fixed income funds offered by Principal PNB Asset Management Company:

1. Principal Dynamic Bond Fund Fund Type Open-ended dynamic debt scheme Entry Load N/A Exit Load Benchmark CRISIL Composite Bond Fund Index Fund Manager Bekxy Kuriakose Risk Factor Moderate Investment Objective of Principal Dynamic Bond FundThe investment objective of Principal Dynamic Bond Fund is to generate capital growth as well as regular income by making investments in money market and debt securities. Who is the Principal Dynamic Bond Fund for?The Principal Dynamic Bond Fund is ideal for those who want income in the long term by investing in money market and debt securities.
   1. If any of the units are redeemed within a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV
   2. No exit load shall be applicable for units that are redeemed or switched out after a year from when they were allotted
2. Principal Short Term Debt Fund Fund Type Open-ended short-term debt scheme  Entry Load N/A Exit Load  Nil Benchmark CRISIL Short Term Bond Fund Index Fund Manager Gurvinder Singh Wasan Risk Factor Moderate Investment Objective of Principal Short Term Debt FundThe investment objective of the Principal Short Term Debt Fund is to generate capital growth as well as regular income by investing in money market and debt securities. Who is the Principal Short Term Debt Fund for? The Principal Short Term Debt Fund is ideal for those who want income in the medium term by making investments in money market and debt securities.
3. Principal Corporate Bond Fund Fund Type Open-ended debt scheme Entry Load N/AExit Load  Benchmark CRISIL Short Term Bond Fund Index Fund Manager Gurvinder Singh Wasan Risk Factor Moderate Investment Objective of Principal Corporate Bond Fund The investment objective of Principal Corporate Bond Fund is to generate capital growth along with a steady income through investments mainly in corporate debt instruments that are rated AA+ and above. The securities in which the scheme invests are of different ratings and maturities, helping in the maintenance of the optimum balance of liquidity, safety, and yield. Who is the Principal Corporate Bond Fund for?The Principal Corporate Bond Fund is ideal for those who want income in the long term by investing mainly in corporate bonds that are rated AA+ and above.
   1. If any of the units are redeemed within a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV.
   2. No exit load shall be applicable for units that are redeemed after a year from when they were allotted.
4. Principal Ultra Short Term Fund Fund Type Open-ended ultra-short term debt scheme Entry Load N/A Exit LoadNil Benchmark CRISIL Liquid Fund Index Fund  Jain Risk Factor Moderately low Investment Objective of Principal Ultra Short Term Fund The investment objective of Principal Ultra Short Term Fund is to generate capital growth along with regular income by making investments in money market and debt instruments .Who is the Principal Ultra Short Term Fund for?The Principal Ultra Short Term Fund is ideal for those who want income in the short term by investing in money market and debt instruments.
5. Principal Low Duration Fund Fund Type Open-ended low duration debt scheme Entry Load N/AExit Load Nil Benchmark CRISIL Low Duration Debt Index Fund Manager Pankaj Jain Risk Factor Moderately low Investment Objective of Principal Low Duration Fund The investment objective of Principal Low Duration Fund is to generate capital growth as well as regular income by making investments in money market and debt securities.Who is the Principal Low Duration Fund for?The Principal Low Duration Fund is ideal for those who want income in the short term by making investments in money market and debt securities.
6. Principal Credit Risk Fund Fund Type Open-ended debt scheme  Entry Load N/A Exit Load Nil Benchmark CRISIL Composite AA Short Term Bond Index Fund Manager  Gurvinder Singh Wasan Risk Factor Moderate Investment Objective of Principal Credit Risk Fund The investment objective of the Principal Credit Risk Fund is to generate capital gains as well as regular income through investments mainly in corporate debt instruments that are rated AA and below. Who is the Principal Credit Risk Fund suitable for?The Principal Credit Risk Fund is ideal for those who want income in the medium term by making investments mainly in corporate debt instruments that are rated AA and below.

The following is the liquid fund offered by Principal PNB Asset Management Company:

1. Principal Cash Management Fund Fund Type Open-ended liquid scheme Entry Load N/A Exit Load Nil BenchmarkCRISIL Liquid Fund Index Fund Manager Pankaj Jain Risk Factor Low  Investment Objective of Principal Cash Management Fund The investment objective of the Principal Cash Management Fund is to generate income while ensuring that capital is preserved and liquidity is maintained by making investments in investment grade debt securities and money market instruments whose maturity periods are under 91 days. Who is the Principal Cash Management Fund suitable for?The Principal Cash Management Fund is ideal for those who want income in the short term by making investments in money market and debt securities whose maturity periods are no longer than 91 days.

Principal PNB Asset Management Company offers the following Fund of Funds schemes:

1. Principal Global Opportunities Fund Fund Type Open-ended fund of fund scheme Entry Load N/AExit Load Benchmark MSCI All Country World Small Cap Index Fund Manager Rajat Jain Risk Factor High Investment Objective of Principal Global Opportunities Fund The investment objective of the Principal Global Opportunities Fund is to generate capital growth in the long term through investment mainly in foreign mutual fund schemes, and partly in money market instruments and/or units of liquid or money market schemes of the company.Who is the Principal Global Opportunities Fund suitable for?The Principal Global Opportunities Fund is ideal for those who want capital growth in the long term by making investments in foreign mutual fund schemes.
   1. If any of the units are redeemed with a year from when they were allotted, the exit load charged shall be 1% of the applicable NAV.
   2. No exit load shall be levied on redemptions made after the completion of a year.
2. Principal Retirement Savings Fund Fund Type Open-ended retirement solution oriented scheme that is locked-in until retirement age or five years (whichever is earlier)Entry Load N/A Exit Load Nil Benchmark Composite Benchmark Nifty 50 (30%) + CRISIL Liquid Fund (70%) Index for the Conservative Plan; CRISIL Hybrid 65 + 35 Aggressive Index for the Moderate Plan; and Nifty 200 Full Market Cap Index for the Progressive Plan Fund Manager PVK Mohan Risk Factor Moderately high Investment Objective of Principal Retirement Savings Fund The investment objective of the Principal Retirement Savings Fund is to generate capital appreciation as well as income so that investors can save in the long term for their retirement. Investments under this scheme are done in a combination of instruments that consist of equity and equity-related securities as well as fixed income securities. Who is the Principal Retirement Savings Fund suitable for?
   1. The Conservative Plan of the Principal Retirement Savings Fund is ideal for those who want capital growth and income between the medium and long term.
   2. The Moderate Plan of the Principal Retirement Savings Fund is ideal for those who want capital appreciation and income in the long term by making investments in derivatives, money market and debt instruments, and equity and equity-related instruments.
   3. The Progressive Plan of the Principal Retirement Savings Fund is ideal for those who want capital appreciation in the long term by making investments in equity and equity-related instruments of companies across multiple market capitalisations.

Investors who wish to avail tax benefits on their investments under Section 80C of the Income Tax Act, 1961, can invest in the following scheme from Principal Mutual Fund:

• Principal Tax Savings Fund

Who is eligible for Principal Mutual Funds?

Mutual funds from Principal PNB Asset Management Company can be availed by the following entities:

• Resident Indians
• Non-resident Indians
• Partnership firms
• Banking institutions
• Trusts
• HUFs
• Pension funds
• Insurance firms
• Public financial institutions
• Foreign institutional investors
• Companies
• Parents or legal guardians in case of investments made on behalf of minors

Here are the documents you will require to make investments in Principal Mutual Funds:

• Application form
• Address Proof
• ID Proof
• KYC documents

Here are the steps you can follow to invest in Principal Mutual Funds:

1. Visit https://online.princpialindia.com and click on ‘New to Principal MF’ if you have never invested before.
2. You will be redirected to a new page where you will have to choose from one of the two options available: ‘I am a U.S. Person or a Resident of Canada’, or ‘I am not a U.S. Person or Resident of Canada’.
3. Select the second option to proceed, after which you will be redirected to another page where you will have to select the scheme category (equity/liquid/debt/NFO) and then choose the scheme in which you wish to invest. You will also have to select the investment mode, viz. Direct or Regular after which the screen will show the NAV details of the scheme along with the cut-off time and minimum amount. Click on ‘Go’ to proceed.
4. You will be directed to the Investor Details page where you will have to enter details such as your name, gender, your father’s name, your date of birth, your PAN, the category under which you fall (Resident Indian or Non-Resident Indian), your status (individual or HUF or minor), your occupation, the mode of holding, the income tax slab under which you fall, your country and place of birth, your country of citizenship, your mobile number and email address, etc. You will also have to check the box which says ‘I have read and accepted the Terms and Conditions’ and the click on Submit.
5. You will then have to fill in the Purchase Application Form and get the Investor Detail Confirmation and Purchase Confirmation to complete your investment process.

Principal Mutual Funds is quickly building a reputation for itself thanks to the provision of quality investment options. The company understands its customers’ needs and follows a disciplined approach which enables it to take acceptable risks. At the same time, it aims at lowering the volatility of the portfolio and delivering sound returns. The company has a handful of experienced investment managers who have the expertise to offer good returns in the long term.