|Min SIP Amount||₹500|
|NAV||₹46.83 (21 Jan 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹55 Cr|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||6.2%|
|ICICI Bank Ltd.||Financial||Equity||5.7%|
|Maruti Suzuki India Ltd.||Automobile||Equity||5.2%|
|HDFC Bank Ltd.||Financial||Equity||3.6%|
|Reliance Industries Ltd.||Energy||Equity||3.0%|
|Punjab National Bank||Financial||Term Deposits||2.7%|
|United Spirits Ltd.||FMCG||Equity||2.4%|
|Indusind Bank Ltd.||Financial||Equity||2.2%|
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 ₹55 Cr and the Latest NAV as of 21 Jan 2021 is ₹46.83.
The Principal Equity Savings Fund Direct Growth is rated High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
The scheme aims to provide capital appreciation and income distribution by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments.
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.