Fund Details
Principal Corporate Bond Fund IDCW Monthly
| Risk | Moderate |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.84% |
| NAV | ₹10.34 (29 May 2019) |
|---|---|
| Fund Started | 30 Dec 2003 |
| Fund Size | ₹18 Cr |
Returns
Comparison
1. Age is more than 10 years
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. 3Y Returns are lower than the category average returns
3. 5Y Returns are lower than the category average returns
4. 10Y Returns are lower than the category average returns
Top Holdings
| 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% |
Fund Managers
Principal Corporate Bond Fund IDCW Monthly Details
Principal Corporate Bond Fund IDCW Monthly is a Debt Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to investors on 30 Dec 2003. Gurvinder Singh Wasan is the Current Fund Manager of Principal Corporate Bond Fund IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹18 Cr and the Latest NAV as of 29 May 2019 is ₹10.34.
The Principal Corporate Bond Fund IDCW Monthly is rated Moderate risk. Minimum SIP Investment is set to 2000. Exit load of 1% if redeemed within 365 days
Investment Objective
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.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
