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.
- Principal A A FOF - Aggressive (G)
- Principal A A FOF - Conservative (G)
- Principal A A FOF - Moderate (G)
- Principal Arbitrage Fund - Regular (Div-M)
- Principal Arbitrage Fund - Regular (G)
- Principal Balanced Fund - (Div-M)
- Principal Balanced Fund - (G)
- Principal Cash Management Fund (Div-D)
- Principal Cash Management Fund (Div-M)
- Principal Cash Management Fund (Div-W)
- Principal Cash Management Fund (G)
- Principal Credit Opportunities Fund (Div-M)
- Principal Credit Opportunities Fund (G)
- Principal Debt Savings Fund - Retail (Div-M)
- Principal Debt Savings Fund - Retail (Div-Q)
- Principal Debt Savings Fund - Retail (G)
- Principal Dividend Yield Fund (Div-H)
- Principal Dividend Yield Fund (G)
- Principal Dynamic Bond Fund (Div-A)
- Principal Dynamic Bond Fund (Div-Q)
|Scheme Name||NAV(Rs.)||1m %||3m %||6m %||1y %||3y %|
|Principal Global Opportunities Fund (G)||28.13||[1.77]||1.89||13.22||25.84||8.95|
|Principal Personal Tax saver Fund - (G)||203.72||[0.51]||6.41||9.05||27.17||11.29|
|Principal Balanced Fund - (G)||75.41||[0.50]||5.93||12.84||32.55||15.31|
|Principal Dynamic Bond Fund (G)||29.22||[0.29]||[0.38]||1.20||3.62||7.85|
|Principal Large Cap Fund (G)||61.06||[0.23]||3.02||7.25||25.17||10.84|
Exchange Plaza, 'B' Wing, 2nd Floor,
NSE Building, Bandra Kurla -
Complex, Bandra (East),Mumbai 400051.
Apeejay House, 5th Floor,
3 Dinshaw Vachha Rd,
Churchgate, Mumbai - 400 020.
|Phone : 022 - 6772 0555||Phone : 022 5659 0333 / 2202 1111.|
|Email : firstname.lastname@example.org||Email : email@example.com|
|Website : www.principalindia.com||Website : www.principalindia.com|
capital market/10:51, Dec 12, 2017
Record date for dividend is 15 December 2017
India Infoline News Service/10:50, Oct 27, 2017
Balance funds are a mix of stocks and bonds which reflects a moderate approach. The primary goal of balanced funds is to create regular and stable income by investing in debt securities and invest a portion in equity for capital appreciation.
With strength in Oil & gas and pharma sector, the decline in Nifty has got arrested while broader index like CNX 500 is yet to confirm a bottom (though the selling pressure has stopped). Hence the composition of Nifty turns out to be better in assisting quick recovery and we feel that the stage is set for the key indices to surge higher towards 8,400.
The old adage Sell in May seems to have been ignored largely in second half of the month as the market left behind the carnage of March & April. . A move above the downward sloping trendline (above 8,550) would prove to be icing on the cake and market looks poised to see further build up after the gains of May.
Strength of every market is judged on corrections. After Mondays turnaround it is important to observe that if the recovery turns out to be sluggish and market starts to give up gains, will it find support around 8,200 or not? As of now, it will act as a new support line for the bulls.
Barriers in life come and go but 8,350 is acting as a tough one since the third week of April. This consolidation at the bottom has taken shape of a bullish H&S pattern. A move above the same could result in reversal of the trend.
CIBIL REPORTS are being touted as the solution to all credit decisions. To my mind, such a mindset could be extremely damaging. In this article, I will try to explain why.
“We expect the ten‐year Government securities yields to move in the range of 6.70‐ 7.10 % in the next financial year. We expect AAA PS...