Best Principal Debt Mutual Funds

Principal Mutual Fund was established in 1994 and is one of the oldest AMC's in the country. The AMC has over 4 lakh customers and more than 20,000 distributors across the country. What is unique about this asset management company is that they are committed to provide financial to retail investors and institutions alike.

With a financial legacy of more than 130 years, their global expertise proves to be am asset for taking adequate market decisions.

The AMC provides a wide range of products, ranging from equity, debt and hybrid. The schemes invest in diverse portfolios and aim to generate subsequent returns. They believe in delivering superior risk adjusted returns to clients and believe in carrying out business in a safe and transparent manner, maintaining a high level of trust and integrity among clients

If you are saving for very short-term goals like a vacation or buying an automobile, then this category is ideal for gains within one year. It is also an excellent resort to park your money until you decide where to invest or spend next. Returns are taxed as per your income tax slab if sold before three years and have negligible tax post that period.

Purpose: Invest here for your short term goals like a vacation, buying a bike, jewelry or expensive gadget.

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Top 10 Principal Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Principal Emerging Bluechip FundEquityModerately High8.3%4star2,260
Principal Hybrid Equity FundHybridModerately High4.4%4star1,578
Principal Dividend Yield FundEquityModerately High5.5%3star200
Principal Tax Savings FundEquityModerately High4.1%3star401
Principal Focused Multicap FundEquityModerately High12.1%3star351
Principal Equity Savings FundHybridModerate6.5%3star52
Principal Growth FundEquityModerately High6.2%3star853
Principal Smart Equity FundHybridModerately High3.1%2star208
Principal Money Manager FundDebtModerately Low7.6%2star67
Principal Credit Risk FundDebtModerate0.9%2star45
Principal Short Term Income FundDebtModerate-1.0%2star153
Principal Asset Allocation Fund of Funds - Moderate PlanOthersModerately High4.2%1star1
Principal Arbitrage FundHybridModerately Low4.3%1star5
Principal Low Duration FundDebtModerately Low-10.4%1star160
Principal Cash Management FundDebtLow6.3%1star197
View All Top 10 Principal Mutual Funds

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Now let us jump and check about these top 10 mutual fund schemes.

Principal Emerging Bluechip Fund Direct Growth

Fund Performance: This fund has given 11.69% annualized returns in the last three years. In the last year, its returns were 8.25%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 8.25% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹5,000
AUM2,260Cr
1Y Returns8.3%

Principal Hybrid Equity Fund Direct Growth

Fund Performance: This fund has given 11.58% annualized returns in the last three years. In the last year, its returns were 4.36%. It has continually hit its benchmark in the Hybrid segment.

Why to invest: It is one of the most remarkable Hybrid mutual funds in India. This fund has constantly outperformed other similar funds, providing 4.36% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹5,000
AUM1,578Cr
1Y Returns4.4%

Principal Dividend Yield Fund Direct Growth

Fund Performance: This fund has given 12.32% annualized returns in the last three years. In the last year, its returns were 5.51%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 5.51% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹5,000
AUM200Cr
1Y Returns5.5%

Principal Tax Savings Fund Direct

Fund Performance: This fund has given 10.69% annualized returns in the last three years. In the last year, its returns were 4.14%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 4.14% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹500. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹500
AUM401Cr
1Y Returns4.1%

Principal Focused Multicap Fund Direct Growth

Fund Performance: This fund has given 12.49% annualized returns in the last three years. In the last year, its returns were 12.14%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 12.14% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹5,000
AUM351Cr
1Y Returns12.1%

Principal Equity Savings Fund Direct Growth

Fund Performance: This fund has given 7.76% annualized returns in the last three years. In the last year, its returns were 6.55%. It has continually hit its benchmark in the Hybrid segment.

Why to invest: It is one of the most remarkable Hybrid mutual funds in India. This fund has constantly outperformed other similar funds, providing 6.55% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹5,000
AUM52Cr
1Y Returns6.5%

Principal Multi Cap Growth Fund Direct Growth

Fund Performance: This fund has given 11.96% annualized returns in the last three years. In the last year, its returns were 6.2%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 6.2% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹5,000
AUM853Cr
1Y Returns6.2%

Principal Balanced Advantage Fund Direct Growth

Fund Performance: This fund has given 6.69% annualized returns in the last three years. In the last year, its returns were 3.14%. It has continually hit its benchmark in the Hybrid segment.

Why to invest: It is one of the most remarkable Hybrid mutual funds in India. This fund has constantly outperformed other similar funds, providing 3.14% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹5,000
AUM208Cr
1Y Returns3.1%

Principal Ultra Short Term Fund Direct Growth

Fund Performance: This fund has given 5.5% annualized returns in the last three years. In the last year, its returns were 7.6%. It has continually hit its benchmark in the Debt segment.

Why to invest: It is one of the most remarkable Debt mutual funds in India. This fund has constantly outperformed other similar funds, providing 7.6% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹2,000.

Min Investment Amt₹5,000
AUM67Cr
1Y Returns7.6%

Principal Credit Risk Fund Direct Growth

Fund Performance: This fund has given 5.25% annualized returns in the last three years. In the last year, its returns were 0.95%. It has continually hit its benchmark in the Debt segment.

Why to invest: It is one of the most remarkable Debt mutual funds in India. This fund has constantly outperformed other similar funds, providing 0.95% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹2,000.

Min Investment Amt₹5,000
AUM45Cr
1Y Returns0.9%

Principal Short Term Debt Fund Direct Growth

Fund Performance: This fund has given 3.97% annualized returns in the last three years. In the last year, its returns were -1.04%. It has continually hit its benchmark in the Debt segment.

Why to invest: It is one of the most remarkable Debt mutual funds in India. This fund has constantly outperformed other similar funds, providing -1.04% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹2,000.

Min Investment Amt₹5,000
AUM153Cr
1Y Returns-1.0%

Principal Retirement Savings Fund Moderate Plan Direct Growth

Fund Performance: This fund has given 6.28% annualized returns in the last three years. In the last year, its returns were 4.19%. It has continually hit its benchmark in the Others segment.

Why to invest: It is one of the most remarkable Others mutual funds in India. This fund has constantly outperformed other similar funds, providing 4.19% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹2,000.

Min Investment Amt₹5,000
AUM1Cr
1Y Returns4.2%

Principal Arbitrage Fund Direct Growth

Fund Performance: This fund has given 3.27% annualized returns in the last three years. In the last year, its returns were 4.26%. It has continually hit its benchmark in the Hybrid segment.

Why to invest: It is one of the most remarkable Hybrid mutual funds in India. This fund has constantly outperformed other similar funds, providing 4.26% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹5,000
AUM5Cr
1Y Returns4.3%

Principal Low Duration Fund Direct Growth

Fund Performance: This fund has given 0.96% annualized returns in the last three years. In the last year, its returns were -10.36%. It has continually hit its benchmark in the Debt segment.

Why to invest: It is one of the most remarkable Debt mutual funds in India. This fund has constantly outperformed other similar funds, providing -10.36% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹2,000.

Min Investment Amt₹5,000
AUM160Cr
1Y Returns-10.4%

Principal Cash Management Direct Growth

Fund Performance: This fund has given 3.72% annualized returns in the last three years. In the last year, its returns were 6.32%. It has continually hit its benchmark in the Debt segment.

Why to invest: It is one of the most remarkable Debt mutual funds in India. This fund has constantly outperformed other similar funds, providing 6.32% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹2,000.

Min Investment Amt₹5,000
AUM197Cr
1Y Returns6.3%

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