Name: Principal Corporate Bond Fund Direct Growth
Brand: Principal Mutual Fund

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Principal Corporate Bond Fund Direct Growth
Debt
Corporate Bond
Moderate Risk
8.83%
1Y return
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 29 May 2019₹33.50
Min. SIP amountNA
Rating2star
Fund size₹18.01 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Corporate Bond
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns8.8%7.0%7.9%7.8%
Category average4.7%8.2%7.6%NA
Rank with in category131512NA
Understand termsinfo
Holdings (17)NameSectorInstrumentAssets
National Bank For Agriculture & Rural Development
FinancialBonds/Deb11.1%
National Housing Bank
FinancialDebenture10.6%
HDFC Bank Ltd.
FinancialBonds8.8%
Power Finance Corpn. Ltd.
FinancialDebenture8.2%
Reliance Industries Ltd.
EnergyNCD8.0%
Power Grid Corporation of India Ltd.
EnergyBonds5.6%
National Thermal Power Corp. Ltd.
EnergyBonds5.6%
Indian Railway Finance Corpn. Ltd.
FinancialDebenture5.6%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture5.5%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture5.5%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Debt Corporate Bond
thumb_up_altPros
Lower expense ratio - 0.45906844%
1Y Returns are higher than the category average returns
thumb_down_altCons
Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
3Y Returns are lower than the category average returns
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2019 - Present
0.46%
30 Apr 2019 - 30 Sep 2019
0.46%
31 Mar 2019 - 30 Apr 2019
0.44%
28 Feb 2019 - 31 Mar 2019
0.44%
31 Jan 2019 - 28 Feb 2019
0.44%
31 Dec 2018 - 31 Jan 2019
0.44%
30 Nov 2018 - 31 Dec 2018
0.34%
31 Oct 2018 - 30 Nov 2018
0.35%
30 Sep 2018 - 31 Oct 2018
0.45%
31 Aug 2018 - 30 Sep 2018
0.45%
31 Jul 2018 - 31 Aug 2018
0.45%
30 Jun 2018 - 31 Jul 2018
0.45%
31 May 2018 - 30 Jun 2018
0.41%
30 Apr 2018 - 31 May 2018
0.41%
31 Mar 2018 - 30 Apr 2018
0.45%
28 Feb 2018 - 31 Mar 2018
0.53%
31 Jan 2018 - 28 Feb 2018
0.53%
31 Dec 2017 - 31 Jan 2018
0.54%
30 Nov 2017 - 31 Dec 2017
0.54%
31 Oct 2017 - 30 Nov 2017
0.49%
Expense ratio, exit load and taxExpense ratio: 0.46%Inclusive of GST
Exit loadExit load of 1% if redeemed within 365 days
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA
Fund managementGurvinder Singh Wasan
Jan 2018 - Present
View details
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Education
Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.
Experience
Prior to joining Principal Mutual Fund, he has worked with Crisil Ltd. and ICICI Bank Ltd.
Also manages these schemes
Principal Short Term Debt Fund Growth
Principal Short Term Debt Fund IDCW Monthly
Principal Equity Savings Fund Growth
Principal Equity Savings Fund IDCW Half Yearly
Principal Equity Savings Fund IDCW Quarterly
Principal Corporate Bond Fund IDCW Monthly
Principal Corporate Bond Fund IDCW Quarterly
Principal Corporate Bond Fund Growth
Principal Credit Risk Fund Growth
Principal Credit Risk Fund IDCW Monthly
Principal Credit Risk Fund Direct IDCW Monthly
Principal Credit Risk Fund Direct Growth
Principal Short Term Debt Fund Direct Growth
Principal Short Term Debt Fund Direct IDCW Monthly
Principal Equity Savings Fund Direct IDCW Half Yearly
Principal Equity Savings Fund Direct IDCW Quarterly
Principal Equity Savings Fund Direct Growth
Principal Corporate Bond Fund Direct IDCW Monthly
Principal Corporate Bond Fund Direct Growth
Fund house & investment objective
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Principal Mutual Fund
Rank (total assets)#24 in India
Total AUM7,817.63 Cr
Date of Incorporation25 Nov 1994
Principal Corporate Bond Fund Direct Growth is a Debt Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to investor
Principal Corporate Bond Fund Direct Growth is a Debt Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to investors on 25 Nov 1994. Gurvinder Singh Wasan is the Current Fund Manager of Principal Corporate Bond Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,818 Cr and the Latest NAV as of 29 May 2019 is ₹33.50.
The Principal Corporate Bond Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 2000. Exit load of 1% if redeemed within 365 days...Read more
Investment Objective
The fund seeks to generate steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities across matur
The fund seeks to generate steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities across maturities and ratings while maintaining the optimum balance of yield, safety and liquidity.
...Read more
Fund benchmarkCRISIL Short-Term Bond Index
descriptionScheme Information Document(SID)
Fund house contact details
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Address
Exchange Plaza, Ground Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East) Mumbai 400051
Phone
022-67720555
Launch Date
25 Nov 1994
E-mail
[email protected]
Website
NA
Principal Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
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	1Y	3Y	5Y	All
Fund returns	8.8%	7.0%	7.9%	7.8%
Category average	4.7%	8.2%	7.6%	NA
Rank with in category	13	15	12	NA

Name	Sector	Instrument	Assets
National Bank For Agriculture & Rural Development	Financial	Bonds/Deb	11.1%
National Housing Bank	Financial	Debenture	10.6%
HDFC Bank Ltd.	Financial	Bonds	8.8%
Power Finance Corpn. Ltd.	Financial	Debenture	8.2%
Reliance Industries Ltd.	Energy	NCD	8.0%
Power Grid Corporation of India Ltd.	Energy	Bonds	5.6%
National Thermal Power Corp. Ltd.	Energy	Bonds	5.6%
Indian Railway Finance Corpn. Ltd.	Financial	Debenture	5.6%
Small Industries Devp. Bank of India Ltd.	Financial	Debenture	5.5%
Small Industries Devp. Bank of India Ltd.	Financial	Debenture	5.5%

Rating	2
Fund size	₹18.01 Cr