Principal Index Fund Midcap Direct Growth is a Others Mutual Fund Scheme launched by PRINCIPAL Mutual Fund. This scheme was introduced to investors on 12 May 2014. Rajat Jain is the Current Fund Manager of Principal Index Fund Midcap Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹3 Cr and the Latest NAV as of 30 Dec 2016 is ₹16.0.
The Principal Index Fund Midcap Direct Growth is rated Moderately High risk. Minimum SIP Investment is 2000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 90 days.
Investment Objective
To invest principally in securities that comprise CNX Midcap Index and subject to tracking errors endevour to attain results commensurate with the CNX Midcap Index.
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
₹500
Min for Second Investment
Exit load of 1% if redeemed within 90 days
Exit Load