| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.45% |
| NAV | ₹21.41 (12 Aug 2020) |
|---|---|
| Fund Started | 16 Dec 2010 |
| Fund Size | ₹141 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 5.0% |
| Infosys Ltd. | Technology | Equity | 4.1% |
| ICICI Bank Ltd. | Financial | Equity | 4.1% |
| State Bank of India | Financial | Equity | 3.2% |
| Bharti Airtel Ltd. | Communication | Equity | 3.2% |
| Tata Consultancy Services Ltd. | Technology | Equity | 3.1% |
| Axis Bank Ltd. | Financial | Equity | 2.9% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 2.4% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 2.3% |
| HDFC Bank Ltd. | Financial | Equity | 2.2% |
Principal Balanced Advantage Fund Growth is a Hybrid Mutual Fund Scheme launched by PRINCIPAL Mutual Fund. This scheme was made available to investors on 16 Dec 2010. P V K Mohan, Bekxy Kuriakose is the Current Fund Manager of Principal Balanced Advantage Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹141 Cr and the Latest NAV as of 12 Aug 2020 is ₹21.41.
The Principal Balanced Advantage Fund 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.