| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.29% |
| NAV | ₹39.61 (03 Jul 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹36 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ITC Ltd. | FMCG | Equity | 7.3% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 7.1% |
| Federal Bank Ltd. | Financial | Term Deposits | 5.5% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 5.5% |
| Reliance Industries Ltd. | Energy | Equity | 5.5% |
| Infosys Ltd. | Technology | Equity | 4.8% |
| Wabco India Ltd. | Automobile | Equity | 4.4% |
| HDFC Bank Ltd. | Financial | Equity | 4.2% |
| Canara Bank | Financial | Term Deposits | 4.1% |
| Ultratech Cement Ltd. | Construction | Debenture | 2.8% |
Principal Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by PRINCIPAL Mutual Fund. This scheme was made available to investors on 01 Jan 2013. P V K Mohan, Pankaj Jain is the Current Fund Manager of Principal Equity Savings Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹36 Cr and the Latest NAV as of 03 Jul 2020 is ₹39.61.
The Principal Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
The investment objective of the Scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments.However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated and the scheme does not assure or guarantee any returns.
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.