| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.02% |
| NAV | ₹22.68 (03 Jul 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹135 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Adani Power Ltd. | Engineering | Equity | 4.2% |
| Reliance Industries Ltd. | Energy | Equity | 4.1% |
| HDFC Bank Ltd. | Financial | Equity | 4.0% |
| Infosys Ltd. | Technology | Equity | 3.4% |
| Bharti Airtel Ltd. | Communication | Equity | 2.7% |
| ICICI Bank Ltd. | Financial | Equity | 2.5% |
| Power Finance Corpn. Ltd. | Financial | Bonds | 2.3% |
| Tata Consultancy Services Ltd. | Technology | Equity | 2.2% |
| Export-Import Bank Of India | Financial | CD | 2.2% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 2.1% |
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 ₹135 Cr and the Latest NAV as of 03 Jul 2020 is ₹22.68.
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 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.
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.