Principal Mutual Fund
Principal Mutual Fund
Principal Mutual Fund (formerly known as IDBI-PRINCIPAL Mutual Fund) has been constituted as a Trust in accordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882). The Mutual Fund is registered with SEBI under Registration No. MF/019/94/0, dated December 13, 1994. The underlying objective of Principal Mutual Fund is to mobilise savings from the public, provide investment expertise to achieve optimal returns on their investments.
The Fund was initially set up by Industrial Development Bank of India (IDBI) in 1994 by execution of a Trust Deed dated November 25, 1994, under which IDBI was the sole Settlor, Subsequently, on March 31, 2000, Principal Financial Services Inc. USA became the deemed sponsor (along with the IDBI) by acquiring 50% stake in IDBI-PRINCIPAL Asset Management Company Limited. In June 2003, Principal Financial Services Inc. USA became the sole sponsor by acquiring 100% stake in IDBI-PRINCIPAL Asset Management Company Limited, through its wholly owned subsidiary Principal Financial Group (Mauritius) Limited (Principal Mauritius). Principal Mauritius has become the sole settlor of the Fund. Name of the Asset Management Company was changed to Principal Asset Management Company Private Limited, to reflect the change in ownership.
In May 2004, Principal admitted two Public Sector Banks - Punjab National Bank and Vijaya Bank into the venture.
Accordingly, Principal Mauritius, Punjab National Bank and Vijaya Bank have 65%, 30% and 5% respectively of all the rights, title, interest and obligations as co-settlors to Principal Mutual Fund.
Sponsor: Principal Financial Services Inc.,USA[through its subsidiary Principal Financial Group(Mauritius)Ltd
Trustee: Principal Trustee Company Pvt. Ltd.
Investment Manager: Principal Pnb Asset Management Company Private Limited.Statutory Details: Principal Mutual Fund, a trust set up under the provisions of the Indian Trust Act, 1882 and registered with SEBI bearing Registration No. MF/019/94/0 dated December 13, 1994.
Top 5 Principal Mutual Fund Funds
|Scheme Name||NAV(Rs.)||1m %||3m %||6m %||1y %||3y %|
|Principal Personal Tax saver Fund - (G)||299.45||[3.30]||0||0||39.99||0|
|Principal Tax Savings Fund||320.72||[3.25]||0||0||39.87||0|
|Principal Nifty 100 Equal Weight Fund (G)||106.81||[3.13]||0||0||39.01||0|
|Principal Large Cap Fund (G)||14.43||[2.63]||0||0||32.02||0|
|Principal Hybrid Equity Fund - (G)||110.27||[2.52]||0||0||30.64||0|
Principal Mutual Fund - AUM Trend(Change)
Change in trend of Principal Mutual Fund year on year
Contact Information of Principal Mutual Fund
Details of Registered office and service center of Principal Mutual Fund
Unit no. 002, Ground Floor, B (West)
Wing,Satellite Gazebo, Andheri
Ghatkopar Link Road, Mumbai-400093.
Apeejay House, 5th Floor,
3 Dinshaw Vachha Rd,
Churchgate, Mumbai - 400 020.
|Phone : 67720555||Phone : 022 5659 0333 / 2202 1111.|
|Email : email@example.com||Email : firstname.lastname@example.org|
|Website : www.principalindia.com||Website : www.principalindia.com|
All Principal Mutual Fund Schemes
List of all Mutual fund scheme by Principal Mutual Fund Schemes
- Principal Arbitrage Fund - Regular (G)
- Principal Arbitrage Fund - Regular (IDCW-M)
- Principal Balanced Advantage Fund (G)
- Principal Balanced Advantage Fund (IDCW-M)
- Principal Cash Management Fund (G)
- Principal Cash Management Fund (IDCW-D)
- Principal Cash Management Fund (IDCW-M)
- Principal Cash Management Fund (IDCW-W)
- Principal Dividend Yield Fund (G)
- Principal Dividend Yield Fund (IDCW-H)
- Principal Emerging Bluechip Fund (G)
- Principal Emerging Bluechip Fund (IDCW-H)
- Principal Equity Savings Fund (G)
- Principal Equity Savings Fund (IDCW-H)
- Principal Equity Savings Fund (IDCW-Q)
- Principal Focused Multicap Fund (G)
- Principal Focused Multicap Fund (IDCW-H)
- Principal Global Opportunities Fund (G)
- Principal Global Opportunities Fund (IDCW)
- Principal Hybrid Equity Fund - (G)
Growth will come back and people will take time to adjust, which is why we will spend the next 1-1.5 years in a consolidation phase....
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