Principal Dividend Yield Fund Direct Growth is a Equity Mutual Fund Scheme launched by PRINCIPAL Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Dhimant Shah is the Current Fund Manager of Principal Dividend Yield Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹155 Cr and the Latest NAV as of 05 Jun 2020 is ₹51.28.
The Principal Dividend Yield Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 24% of the investment,1% will be charged for redemption within 365 days
To provide capital appreciation and/or dividend distribution by investing predominantly in a well diversified portfolio of companies that have a relatively high dividend yield.
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)
Min for First Investment
Min for Second Investment
For units in excess of 24% of the investment,1% will be charged for redemption within 365 days