| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.06% |
| NAV | ₹23.84 (23 Oct 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹143 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 5.3% |
| Infosys Ltd. | Technology | Equity | 4.2% |
| ICICI Bank Ltd. | Financial | Equity | 4.1% |
| Tata Consultancy Services Ltd. | Technology | Equity | 3.3% |
| State Bank of India | Financial | Equity | 3.1% |
| Axis Bank Ltd. | Financial | Equity | 2.8% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 2.6% |
| Bharti Airtel Ltd. | Communication | Equity | 2.4% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | Equity | 2.4% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 2.3% |
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 ₹143 Cr and the Latest NAV as of 23 Oct 2020 is ₹23.84.
The Principal Balanced Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 7 days.
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.
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.