Top 10 Principal Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Principal Hybrid Equity FundHybridModerately High2.2%5star1,744
Principal Credit Risk FundDebtModerate0.7%5star89
Principal Emerging Bluechip FundEquityModerately High-1.8%4star2,236
Principal Dividend Yield FundEquityModerately High2.3%3star210
Principal Smart Equity FundHybridModerately High3.7%3star223
Principal Tax Savings FundEquityModerately High0.7%3star415
Principal Equity Savings FundHybridModerate5.7%3star59
Principal Short Term Income FundDebtModerate-1.1%3star224
Principal Dynamic Bond FundDebtModerate0.2%3star60
Principal Growth FundEquityModerately High1.3%3star902
Principal Corporate Bond FundDebtModerate8.8%2star18
Principal Focused Multicap FundEquityModerately High6.7%2star333
Principal Government Securities FundDebtModerate15.1%2star12
Principal Arbitrage FundHybridModerately Low-0.8%1star6
Principal Asset Allocation Fund of Funds - Conservative PlanOthersModerately High3.0%1star1
View All Top 10 Principal Mutual Funds

Principal Mutual Fund

Principal Mutual Fund was established in 1994 and is one of the oldest AMC's in the country. The AMC has over 4 lakh customers and more than 20,000 distributors across the country. What is unique about this asset management company is that they are committed to provide financial to retail investors and institutions alike.

With a financial legacy of more than 130 years, their global expertise proves to be am asset for taking adequate market decisions.

The AMC provides a wide range of products, ranging from equity, debt and hybrid. The schemes invest in diverse portfolios and aim to generate subsequent returns. They believe in delivering superior risk adjusted returns to clients and believe in carrying out business in a safe and transparent manner, maintaining a high level of trust and integrity among clients

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Now let us jump and check about these top 10 mutual fund schemes.

Principal Hybrid Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Aggressive segment and provided 14.47% annualized returns in the last 3 years. In the last 1 year, it gave 2.18% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.18% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: P V K Mohan, Bekxy Kuriakose

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM1,744Cr
1Y Returns2.2%

Principal Credit Risk Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Credit Risk segment and provided 5.3% annualized returns in the last 3 years. In the last 1 year, it gave 0.73% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.73% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Gurvinder Singh Wasan

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM89Cr
1Y Returns0.7%

Principal Emerging Bluechip Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Large & Mid Cap segment and provided 14.62% annualized returns in the last 3 years. In the last 1 year, it gave -1.76% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.76% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Dhimant Shah

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM2,236Cr
1Y Returns-1.8%

Principal Dividend Yield Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Dividend Yield segment and provided 15.34% annualized returns in the last 3 years. In the last 1 year, it gave 2.26% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.26% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Dhimant Shah

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM210Cr
1Y Returns2.3%

Principal Smart Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Balanced Advantage segment and provided 7.52% annualized returns in the last 3 years. In the last 1 year, it gave 3.74% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 3.74% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: P V K Mohan, Bekxy Kuriakose

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM223Cr
1Y Returns3.7%

Principal Tax Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 13.84% annualized returns in the last 3 years. In the last 1 year, it gave 0.74% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.74% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: P V K Mohan

Launch Date31 Dec 2012
Min Investment Amt500
Groww Rating3star
AUM415Cr
1Y Returns0.7%

Principal Equity Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Equity Savings segment and provided 8.42% annualized returns in the last 3 years. In the last 1 year, it gave 5.7% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.7% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: P V K Mohan, Pankaj Jain

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM59Cr
1Y Returns5.7%

Principal Short Term Income Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Short Duration segment and provided 4.56% annualized returns in the last 3 years. In the last 1 year, it gave -1.13% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.13% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Gurvinder Singh Wasan

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM224Cr
1Y Returns-1.1%

Principal Dynamic Bond Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Dynamic segment and provided 4.73% annualized returns in the last 3 years. In the last 1 year, it gave 0.18% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.18% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Bekxy Kuriakose

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM60Cr
1Y Returns0.2%

Principal Growth Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 14.47% annualized returns in the last 3 years. In the last 1 year, it gave 1.34% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 1.34% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: P V K Mohan

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM902Cr
1Y Returns1.3%

Principal Corporate Bond Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Corporate Bond segment and provided 7.04% annualized returns in the last 3 years. In the last 1 year, it gave 8.83% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.83% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Gurvinder Singh Wasan

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM18Cr
1Y Returns8.8%

Principal Focused Multicap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Focused segment and provided 12.43% annualized returns in the last 3 years. In the last 1 year, it gave 6.71% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.71% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Dhimant Shah

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM333Cr
1Y Returns6.7%

Principal Government Securities Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 12.81% annualized returns in the last 3 years. In the last 1 year, it gave 15.11% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 15.11% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Bekxy Kuriakose

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM12Cr
1Y Returns15.1%

Principal Arbitrage Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Arbitrage segment and provided 3.71% annualized returns in the last 3 years. In the last 1 year, it gave -0.8% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.8% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Rajat Jain

Launch Date20 Apr 2016
Min Investment Amt5,000
Groww Rating1star
AUM6Cr
1Y Returns-0.8%

Principal Asset Allocation Fund of Funds - Conservative Plan - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in FoF Domestic segment and provided 6.45% annualized returns in the last 3 years. In the last 1 year, it gave 2.98% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.98% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Others mutual fund in India.

Fund Manager: Rajat Jain

Launch Date13 Dec 2015
Min Investment Amt5,000
Groww Rating1star
AUM1Cr
1Y Returns3.0%

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Best Principal Tax Saving Mutual Funds

ELSS funds or Equity Linked Saving Scheme are tax saving funds which predominantly invest in equity and equity-related securities. These funds are a popular investment tool for investors as they provide decent returns and are exempted up to Rs.1,50,000 under Section 80 'C' of the Income Tax Act.

Best Principal Equity Mutual Funds

These funds target to obtain long-term capital appreciation by investing in various equity and equity- related securities. These funds have various sub-categories within them and invest across different market capitalization. They are typically designed for investors who want high returns and are willing to take a certain amount of risk, when it comes to their investments.

Best Principal Debt Mutual Funds

These funds are designed for investors who do not want to take a huge risk with their investments. Debt funds usually invest in debt/ money market securities and government instruments and are not heavily affected by volatile market conditions. Hence, they are recommended for short-term investments. They have a relatively low risk, as compared to equity funds.

Best Principal Hybrid Mutual Funds

Hybrid mutual funds have outperformed bank deposits by a wide margin, considering most savings accounts pay less than 1% interest. They have also outperformed most fixed income investments. Hybrid funds give the best of both stocks and bonds, but if an investor is overly conservative, or aggressive in risk tolerance, a hybrid mutual fund may not be the most ideal investment.

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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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