|Min SIP Amount||₹500|
|NAV||₹14.14 (22 Jun 2021)|
|Fund Started||16 Dec 2010|
|Fund Size||₹200 Cr|
|ICICI Bank Ltd.||Financial||Equity||6.5%|
|Reliance Industries Ltd.||Energy||Equity||3.7%|
|Axis Bank Ltd.||Financial||Equity||3.6%|
|State Bank of India||Financial||Equity||3.4%|
|Divi's Laboratories Ltd.||Healthcare||Equity||2.6%|
|Tata Motors Ltd.||Automobile||Equity||2.5%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||2.5%|
|Tata Consultancy Services Ltd.||Technology||Equity||2.3%|
|Tech Mahindra Ltd.||Technology||Equity||2.0%|
Principal Balanced Advantage Fund IDCW Monthly 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 IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹200 Cr and the Latest NAV as of 22 Jun 2021 is ₹14.14.
The Principal Balanced Advantage Fund IDCW Monthly 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.
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.