Fund Details
Principal Nifty 100 Equal Weight Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.70% |
| NAV | ₹88.47 (22 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹21 Cr |
Returns
Comparison
1. Exit load is zero
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. 1Y Returns are lower than the category average returns
3. 3Y Returns are lower than the category average returns
4. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Adani Transmission Ltd. | Engineering | Equity | 1.4% |
| Tata Steel Ltd. | Metals | Equity | 1.4% |
| Adani Green Energy Ltd. | Engineering | Equity | 1.3% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 1.3% |
| Bajaj Finance Ltd. | Financial | Equity | 1.3% |
| Bajaj Finserv Ltd. | Financial | Equity | 1.3% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 1.2% |
| Indusind Bank Ltd. | Financial | Equity | 1.2% |
| DLF Ltd. | Construction | Equity | 1.2% |
| ICICI Bank Ltd. | Financial | Equity | 1.2% |
Fund Managers
Principal Nifty 100 Equal Weight Fund Direct Growth Details
Principal Nifty 100 Equal Weight Fund Direct Growth is a Others Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Rajat Jain is the Current Fund Manager of Principal Nifty 100 Equal Weight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹21 Cr and the Latest NAV as of 22 Jan 2021 is ₹88.47.
The Principal Nifty 100 Equal Weight Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
Investment Objective
The scheme seeks to invest principally in securities that comprise Nifty 100 Equal Weight Index and subject to tracking errors endeavour to attain results commensurate with the Nifty 100 Equal Weight 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.
