Principal Equity Savings Fund Direct Growth-0.03%

3Groww
6.87%
1 Year Return
Hybrid
Equity Savings
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

Principal Equity Savings Fund Direct Growth

RiskModerate
Min SIP Amount₹500
Expense Ratio1.16%
NAV39.16 (22 Nov 2019)
Fund Started01 Jan 2013
Fund Size52 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Principal Equity Savings Fund Direct Growth
6.9%
8.2%
7.1%
7.2%
Category Average
3.0%
5.6%
NA
-
Rank within category
14
8
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 6.9% annual returns

    Comparison

    Data not available
    Pros
    1. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category
    3. Risk is higher compared to the benchmark
    4. 3Y Returns are lower than the benchmark
    5. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Housing Development Finance Corpn. Ltd.FinancialEquity8.7%
    ITC Ltd.FMCGEquity6.5%
    Reliance Industries Ltd.EnergyEquity6.5%
    Sun Pharmaceutical Inds. Ltd.HealthcareEquity5.5%
    Infosys Ltd.TechnologyEquity4.6%
    Tata Consultancy Services Ltd.TechnologyEquity4.1%
    HDFC Bank Ltd.FinancialEquity3.1%
    Axis Bank Ltd.FinancialEquity3.0%
    LIC Housing Finance Ltd.FinancialNCD2.9%
    Aurobindo Pharma Ltd.HealthcareEquity2.5%
    See All

    Fund Managers

    addP V K Mohan
    Education
    Mr. Mohan is a B.E (Electrical) and MBA from IIM Bangalore.
    Experience
    Prior to joining Principal AMC he has worked with UTI AMC.
    Funds Managed
    addRavi Gopalakrishnan
    Education
    Mr. Gopalakrishnan is an MBA from Bradley University, USA and Masters in Finance (Investments) from Drexel University, USA.
    Experience
    Prior to joining Principal Mutual Fund, he has worked with Canara Robeco AMC, PGIM India Mutual Fund, Hudson Fairfax Group,USA, and Sun F & C Asset Management Ltd.
    Funds Managed
    addBekxy Kuriakose
    Education
    Ms. Kuriakose is a BA (Economics) from Delhi University and PGDM from IIM,Bangalore
    Experience
    Prior to joining Principal Mutual Fund she has worked with L&T Mutual Fund, Reliance Life Insurance Co. Ltd ,SBI Mutual Fund and Tata Administrative Services
    Funds Managed
    addPankaj Jain
    Education
    Mr. Jain is a B.Tech (Mechanical) from VNIT Nagpur and MBA from IIM Bangalore.
    Experience
    Prior to joining Principal AMC he has worked with Edelweiss Capital, Taurus AMC, State Bank of India (Treasury) and Thermax Ltd.
    Funds Managed

    Other Details

    Principal Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by PRINCIPAL Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. P V K Mohan, Pankaj Jain is the Current Fund Manager of Principal Equity Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹52 Cr and the Latest NAV as of 22 Nov 2019 is ₹39.16.

    The Principal Equity Savings Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    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.

    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
    Nil
    Exit Load

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    About PRINCIPAL Mutual Fund

    Address
    Exchange Plaza, Ground Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East) Mumbai 400051
    Phone
    022-67720555
    Launch Date
    24 Nov 1994
    PRINCIPAL Mutual Fund
    Asset Management Company
    Custodian
    Citibank NA
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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