Principal Midcap Fund Direct Growth-0.28%

0.00%
1 Year Return
Equity
Mid Cap
6M
All

Fund Details

Principal Midcap Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.39%
NAV10.51 (30 Oct 2020)
Fund Started05 Dec 2019
Fund Size266 Cr

Comparison

Data not available
Pros
1. Lower expense ratio - 0.4%
Cons
1. Age is less than 5 years
2. Risk-adjusted returns are lower compared to the category

Top Holdings

NameSectorInstrument% Assets
Torrent Power Ltd.EnergyEquity3.0%
Ipca Laboratories Ltd.HealthcareEquity2.9%
Max Financial Services Ltd.FinancialEquity2.7%
Jubilant FoodWorks Ltd.ServicesEquity2.7%
Tata Consumer Products Ltd.FMCGEquity2.7%
AIA Engineering Ltd.MetalsEquity2.5%
MindTree Ltd.TechnologyEquity2.5%
Page Industries Ltd.TextilesEquity2.4%
MRF Ltd.AutomobileEquity2.4%
PI Industries Ltd.ChemicalsEquity2.4%
See All

Fund Managers

addRavi Gopalakrishnan
Education
Mr. Gopalakrishnan is an MBA from Bradley University, USA and Masters in Finance (Investments) from Drexel University, USA.
Experience
Prior to joining Principal Mutual Fund, he has worked with Canara Robeco AMC, PGIM India Mutual Fund, Hudson Fairfax Group,USA, and Sun F & C Asset Management Ltd.
Funds Managed

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 ₹266 Cr and the Latest NAV as of 30 Oct 2020 is ₹10.51.

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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 24% of the investment,1% will be charged for redemption within 365 days
Exit Load

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About Principal Mutual Fund

Address
Exchange Plaza, Ground Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East) Mumbai 400051
Phone
022-67720555
Launch Date
25 Nov 1994
Principal Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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