Fund Details
Principal Balanced Advantage Fund Direct Growth
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.07% |
| NAV | ₹24.96 (25 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹156 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 5.7% |
| Infosys Ltd. | Technology | Equity | 4.8% |
| Reliance Industries Ltd. | Energy | Equity | 4.3% |
| Axis Bank Ltd. | Financial | Equity | 3.7% |
| GOI | Sovereign | GOI Sec | 3.4% |
| State Bank of India | Financial | Equity | 3.3% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.1% |
| Tata Consultancy Services Ltd. | Technology | Equity | 3.1% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 3.0% |
| Bharti Airtel Ltd. | Communication | Equity | 2.6% |
Fund Managers
Principal Balanced Advantage Fund Direct Growth Details
Principal Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to investors on 01 Jan 2013. P V K Mohan, Bekxy Kuriakose is the Current Fund Manager of Principal Balanced Advantage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹156 Cr and the Latest NAV as of 25 Jan 2021 is ₹24.96.
The Principal Balanced Advantage Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 7 days.
Investment Objective
The scheme seeks to generate long term capital appreciation with relatively lower volatility by allocation of funds into equity assets based on Price Earning Ratio (PE Ratio) levels. When the markets become expensive in terms of 'Price to Earnings' 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.
