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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 FundEquityVery High70.1%3star2,519
Principal Hybrid Equity FundHybridVery High48.7%3star1,059
Principal Cash Management FundDebtLow to Moderate3.3%2star175
Principal Tax Savings FundEquityVery High64.4%2star503
Principal Growth FundEquityVery High63.6%3star714
Principal Dividend Yield FundEquityVery High62.5%3star199
Principal Focused Multicap FundEquityVery High60.7%4star526
Principal Nifty 100 Equal Weight FundOthersVery High71.0%1star23
PRINCIPAL Global Opportunities FundOthersVery High73.7%1star27
Principal Smart Equity FundHybridModerate21.7%3star195
Principal Money Manager FundDebtLow to Moderate4.2%2star127
Principal Low Duration FundDebtLow to Moderate10.6%2star75
Principal Equity Savings FundHybridHigh30.2%4star64
Principal Asset Allocation Fund of Funds - Aggressive PlanOthersModerately High14.2%1star3
Principal Arbitrage FundHybridLow2.0%1star10
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 11.16% annualized returns in the last three years. In the last year, its returns were 70.1%. 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 70.1% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹300. Minimum SIP investment amount required for this scheme is ₹100.

Min Investment Amt₹300
AUM2,519Cr
1Y Returns70.1%

Principal Hybrid Equity Fund Direct Growth

Fund Performance: This fund has given 8.69% annualized returns in the last three years. In the last year, its returns were 48.74%. 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 48.74% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹300. Minimum SIP investment amount required for this scheme is ₹100.

Min Investment Amt₹300
AUM1,059Cr
1Y Returns48.7%

Principal Cash Management Direct Growth

Fund Performance: This fund has given 2.25% annualized returns in the last three years. In the last year, its returns were 3.25%. 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 3.25% 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 ₹2,000.

Min Investment Amt₹5,000
AUM175Cr
1Y Returns3.3%

Principal Tax Savings Fund Direct

Fund Performance: This fund has given 7.52% annualized returns in the last three years. In the last year, its returns were 64.4%. 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 64.4% 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
AUM503Cr
1Y Returns64.4%

Principal Multi Cap Growth Fund Direct Growth

Fund Performance: This fund has given 8.15% annualized returns in the last three years. In the last year, its returns were 63.62%. 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 63.62% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹300. Minimum SIP investment amount required for this scheme is ₹100.

Min Investment Amt₹300
AUM714Cr
1Y Returns63.6%

Principal Dividend Yield Fund Direct Growth

Fund Performance: This fund has given 11.79% annualized returns in the last three years. In the last year, its returns were 62.45%. 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 62.45% 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
AUM199Cr
1Y Returns62.5%

Principal Focused Multicap Fund Direct Growth

Fund Performance: This fund has given 15.29% annualized returns in the last three years. In the last year, its returns were 60.7%. 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 60.7% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹300. Minimum SIP investment amount required for this scheme is ₹100.

Min Investment Amt₹300
AUM526Cr
1Y Returns60.7%

Principal Nifty 100 Equal Weight Fund Direct Growth

Fund Performance: This fund has given 8.44% annualized returns in the last three years. In the last year, its returns were 71.04%. 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 71.04% 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 ₹500.

Min Investment Amt₹5,000
AUM23Cr
1Y Returns71.0%

Principal Global Opportunities Fund Direct Growth

Fund Performance: This fund has given 16.37% annualized returns in the last three years. In the last year, its returns were 73.71%. 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 73.71% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹10,000. Minimum SIP investment amount required for this scheme is ₹2,000.

Min Investment Amt₹10,000
AUM27Cr
1Y Returns73.7%

Principal Balanced Advantage Fund Direct Growth

Fund Performance: This fund has given 6.88% annualized returns in the last three years. In the last year, its returns were 21.72%. 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 21.72% 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
AUM195Cr
1Y Returns21.7%

Principal Ultra Short Term Fund Direct Growth

Fund Performance: This fund has given 4.29% annualized returns in the last three years. In the last year, its returns were 4.17%. 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 4.17% 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
AUM127Cr
1Y Returns4.2%

Principal Low Duration Fund Direct Growth

Fund Performance: This fund has given -0.18% annualized returns in the last three years. In the last year, its returns were 10.6%. 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 10.6% 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
AUM75Cr
1Y Returns10.6%

Principal Equity Savings Fund Direct Growth

Fund Performance: This fund has given 9.7% annualized returns in the last three years. In the last year, its returns were 30.22%. 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 30.22% 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
AUM64Cr
1Y Returns30.2%

Principal Retirement Savings Fund Progressive Plan Direct Growth

Fund Performance: This fund has given 4.77% annualized returns in the last three years. In the last year, its returns were 14.2%. 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 14.2% 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 ₹2,000.

Min Investment Amt₹5,000
AUM3Cr
1Y Returns14.2%

Principal Arbitrage Fund Direct Growth

Fund Performance: This fund has given 1.86% annualized returns in the last three years. In the last year, its returns were 2.01%. 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 2.01% 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
AUM10Cr
1Y Returns2.0%

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