Fund Details
Principal Midcap Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.35% |
| NAV | ₹12.98 (22 Jan 2021) |
|---|---|
| Fund Started | 05 Dec 2019 |
| Fund Size | ₹330 Cr |
Returns
Comparison
1. Lower expense ratio - 0.4%
1. Age is less than 5 years
2. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Federal Bank Ltd. | Financial | Equity | 4.0% |
| ICICI Bank Ltd. | Financial | Equity | 3.1% |
| State Bank of India | Financial | Equity | 2.7% |
| Tata Steel BSL Ltd. | Metals | Equity | 2.6% |
| Jubilant FoodWorks Ltd. | Services | Equity | 2.6% |
| Max Financial Services Ltd. | Financial | Equity | 2.4% |
| Polycab India Ltd. | Engineering | Equity | 2.4% |
| Ipca Laboratories Ltd. | Healthcare | Equity | 2.4% |
| Ashok Leyland Ltd. | Automobile | Equity | 2.3% |
| AIA Engineering Ltd. | Metals | Equity | 2.2% |
Fund Managers
Principal Midcap Fund Direct Growth Details
Principal Midcap Fund Direct Growth is a Equity Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to investors on 05 Dec 2019. Ravi Gopalakrishnan is the Current Fund Manager of Principal Midcap Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹330 Cr and the Latest NAV as of 22 Jan 2021 is ₹12.98.
The Principal Midcap Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 24% of the investment,1% will be charged for redemption within 365 days
Investment Objective
The Scheme seeks to generate long term capital appreciation by predominantly investing in equity and equity related instruments of midcap companies.
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.
