Principal Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by PRINCIPAL Mutual Fund. This scheme was introduced to investors on 21 Apr 2016. Rajat Jain is the Current Fund Manager of Principal Arbitrage Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹5 Cr and the Latest NAV as of 09 Dec 2019 is ₹11.50.
The Principal Arbitrage Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 0.50% if redeemed within 30 days.
Investment Objective
The investment objective of the Scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. There is no assurance or guarantee that the investment objective of the Scheme will be realized.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 0.50% if redeemed within 30 days
Exit Load