|Min SIP Amount||Not Supported|
|NAV||₹15.97 (30 Dec 2016)|
|Fund Started||12 May 2014|
|Fund Size||₹3 Cr|
Principal Index Fund Midcap Direct Growth is a Equity Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to investors on 12 May 2014. Rajat Jain is the Current Fund Manager of Principal Index Fund Midcap Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹3 Cr and the Latest NAV as of 30 Dec 2016 is ₹15.97.
The Principal Index Fund Midcap Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 2000. Exit load of 1% if redeemed within 90 days
The scheme seeks to invest principally in securities that comprise Nifty Midcap 100 Index and subject to tracking errors endevour to attain results commensurate with the CNX Midcap Index.
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.