Principal Balanced Advantage Fund Direct Growth+0.09%

3Groww
-0.05%
1 Year Return
Hybrid
Balanced Advantage
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

Principal Balanced Advantage Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio1.08%
NAV21.72 (18 Sep 2019)
Fund Started01 Jan 2013
Fund Size210 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Principal Balanced Advantage Fund Direct Growth
-0.1%
5.4%
6.3%
9.8%
Category Average
-0.2%
5.8%
7.8%
-
Rank within category
11
11
7
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with -0.1% annual returns

    Comparison

    Data not available
    Pros
    Found nothing so far.
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Risk is higher compared to the benchmark
    3. 1Y Returns are lower than the benchmark
    4. 3Y Returns are lower than the benchmark
    5. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Reliance Industries Ltd.EnergyEquity6.4%
    Aurobindo Pharma Ltd.HealthcareEquity5.8%
    ITC Ltd.FMCGEquity5.5%
    Multi Commodity Exchange IndiaFinancialEquity5.2%
    Sun Pharmaceutical Inds. Ltd.HealthcareEquity4.3%
    Adani Power Ltd.EngineeringEquity4.3%
    Housing Development Finance Corpn. Ltd.FinancialEquity3.9%
    Tata Consultancy Services Ltd.TechnologyEquity2.9%
    Punjab National BankFinancialEquity2.4%
    National Bank For Agriculture & Rural DevelopmentFinancialNCD2.4%
    See All

    Fund Managers

    addP V K Mohan
    Education
    Mr. Mohan is a B.E (Electrical) and MBA from IIM Bangalore.
    Experience
    Prior to joining Principal AMC he has worked with UTI AMC.
    Funds Managed
    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 Canara Robeco AMC he has worked with Pramerica Asset Managers Pvt. Ltd., Hudson Fairfax Group,USA, Principal PNB AMC Pvt. Ltd. and Sun F & C Asset Management Ltd.
    Funds Managed
    addBekxy Kuriakose
    Education
    Ms. Kuriakose is a BA (Economics) from Delhi University and PGDM from IIM,Bangalore
    Experience
    Prior to joining Principal MF she has worked with L&T MF, Reliance Life Insurance Co. Ltd ,SBI Mutual Fund and Tata Administrative Services
    Funds Managed

    Other Details

    Principal Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by PRINCIPAL Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. P V K Mohan, Bekxy Kuriakose is the Current Fund Manager of Principal Balanced Advantage Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹210 Cr and the Latest NAV as of 18 Sep 2019 is ₹21.72.

    The Principal Balanced Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 7 days..

    Investment Objective

    The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity; and in debt /money market instruments for defensive purposes. The Scheme will decide on allocation of funds into equity assets based on equity market Price Earning Ratio (PE Ratio) levels. When the markets become expensive in terms of â??Price to Earningsâ?? Ratio; the Scheme will reduce its allocation to equities and move assets into debt and/or money market instruments and vice versa.

    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
    Exit load of 0.25% if redeemed within 7 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
    24 Nov 1994
    PRINCIPAL Mutual Fund
    Asset Management Company
    Custodian
    Citibank NA
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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