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Principal Mutual Fund

PNB Asset Management Company is the investment manager of Principal Mutual Fund. They offer a wide range of innovative investment solutions for both for retail and institutional investors and adhere to the strategic principles of process-orientation, risk control, and excellent research to support our investment decisions.


Principal Mutual Fund NAV and Scheme Details

Scheme Name Current NAV Scheme Category
JM Arbitrage Fund (Direct) - Annual Bonus Option - Principal Units 16.33 Equity - Hybrid 7.97%
JM Equity Hybrid Fund (Direct) - Bonus Option - Principal Units 120.18 Equity - Hybrid 52.22%
JM Equity Hybrid Fund (Direct) - Quarterly Bonus Option - Principal Units 120.18 Equity - Hybrid 52.22%
JM Equity Hybrid Fund (Direct) - Half Yearly Bonus Option - Principal Units 120.18 Equity - Hybrid 52.22%
JM Dynamic Debt Fund - (Direct) - Bonus Option-Principal Units 39.58 Debt - Floaters 7.29%
JM Dynamic Debt Fund - (Direct) - Half Yearly Bonus Option - Principal Units 39.98 Debt - Floaters 7.29%
JM Liquid Fund (Direct) - Bonus Option - Bonus Option - Principal units 21.20 Liquid Fund 7.24%
JM Income Fund (Direct) - Bonus Option - Principal Units 26.62 Debt - Income 7.73%
JM Low Duration Fund (Direct) - Bonus Option - Principal Units 20.77 Debt - Short Term 7.30%
Sundaram Aggressive Hybrid Fund (Formerly Known as Principal Hybrid Equity Fund)- Direct Plan - Grow 159.46 Equity - Hybrid 30.93%
Sundaram Aggressive Hybrid Fund(Formerly Known as Principal Hybrid Equity Fund)-Direct Plan - Monthl 42.10 Equity - Hybrid 17.69%
Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund) - Direct Plan - Growth Optio 2,129.53 Liquid Fund 7.27%
Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund) Direct Quarterly IDCW 1,098.74 Liquid Fund 4.34%
Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund) -Direct Plan - Income Distri 1,026.42 Liquid Fund 0.02%
Sundaram Liquid Fund(Formerly Known as Principal Cash Management Fund)- Direct Plan - Income Distrib 1,007.96 Liquid Fund 0.05%
Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund )- Direct Plan - Income Distr 1,000.64 Liquid Fund 0%
Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund) Direct Fortnightly IDCW 1,028.05 Liquid Fund 0.05%
Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund) Direct Principal Units 1,171.05 Liquid Fund 7.27%
Sundaram Low Duration Fund (Formerly Known as Principal Low Duration Fund) - Direct Plan - Growth Op 3,355.55 Debt - Short Term 7.48%
Sundaram Low Duration Fund(Formerly Known as Principal Low Duration Fund) Direct Quarterly IDCW 1,182.32 Debt - Short Term 4.74%

Principal Growth Fund(G), Principal Dynamic Bond Fund(G), Principal Tax Savings Fund, Principal Emerging Bluechip Fund(G), Principal Emerging Blue chip Fund(HD), Principal Emerging Blue chip Fund(HDS), Principal Balanced Fund(MD), Principal Balanced Fund(G), Principal Low Duration Fund(DD), Principal Low Duration Fund(G).

The Principal Mutual Fund (formerly known as the IDBI-PRINCIPAL Mutual Fund and hereby labeled as the "Mutual Fund") was formed as a trust on 25 November 1994 pursuant to the provisions of the Indian Trusts Act, 1882 (2 of 1882). The Fund was originally founded by the Industrial Development Bank of India (IDBI) in 1994 by the execution of the afore referred Trust Deed, in which IDBI became the sole Settlor, Sponsor and Principal Trustee and an initial sum of Rs.1 lakh and an additional amount of Rs. 24.99 Crore became settled as the trust corpus. Accordingly, all the privileges, roles and obligations for the operation of the Mutual Fund are bestowed upon the Board of Trustees. The stated Trust Deed was authorized under the 1908 Indian Registration Act, and on December 13, 1994, the Mutual Fund was registered with SEBI under the Registration Code-MF/019/94/0. 

Sponsor

Principal Mutual Fund is funded by Principal Financial Services Inc., USA [acting by its wholly-owned Principal Financial Group (Mauritius) Ltd. and Principal International India Ltd]. Principal Financial Group (Mauritius) Ltd. is a Mutual Fund Trust Settlor with Principal International India Ltd as a co-settlor. The settlers entrusted the Trustee with an amount of Rs. 25 lakhs as the initial contribution to the Mutual Fund corpus. Principal Financial Services Inc.

is a part of the Principal Financial Group-a major multinational network of financial products and resources to businesses and entities including retirement and investment services;
Mutual funds, life and health insurance, mortgage lending and annuities.

Founded in 1879, the Principal Financial Group has assets under administration of more than $703.4 billion and supports 24 million clients with offices in 25 countries throughout Asia, Australia, Europe, Latin America and North America (as of September 30th, 2019). Principal Financial Group (Mauritius) Limited's business is to carry out commercial operations that are not forbidden under the laws of Mauritius and the laws of the countries where the Company resides and to do something incidental or beneficial to the achievement of the above-mentioned items.

Asset Management Company

Principal Asset Management Private Limited ( known as Principal Pnb Asset Management Business Private Limited) (AMC) is a private limited company incorporated in Exchange Plaza, 'B' Side, Ground Floor, NSE House, Bandra Kurla Complex, Bandra (East), Mumbai-400 051, India, under the Companies Act of 1956. Principal Asset Management Private Limited ( known as Principal Pnb Asset Management Company Private Limited) has been named as the Principal Mutual Fund Asset Management Company of the Principal Mutual Fund by the Trustee vide Investment Management Agreement (IMA) dated November 25, 1994, executed between Trustee and AMC. In addition to providing and managing the Schemes of the Principal Mutual Fund, the AMC may conduct activities relating to the provision of management and advisory services to offshore funds, pension funds, provident funds, venture capital funds, insurance fund management, financial advice and exchange of research on a commercial basis, given that any such operation does not interfere with the practices of the AMC.

AMC was registered as a Portfolio Manager under the SEBI Regulations, 1993 vide SEBI Registration no. INP000000951.SEBI has vide letter No.

IMD/MHS/37746/2005 dated April 5, 2005, granted no objection to AMC for undertaking activities which are in the nature of advisory services to offshore funds, venture capital funds, financial consultancy and exchange of research pertaining to securities. The AMC can be terminated by a majority of the Trustees or 75% of the unitholders in the Fund opting so, subject to scrutiny and approval of SEBI.

Principal Emerging Bluechip Fund

Type- An open ended equity scheme investing in both large cap and midcap stocks.
Investment Objective- To gain long-term capital appreciation by investing in equity & equity related instruments of large cap & midcap companies.

Fund Management

  • Minimum Investment- Rs 5000
  • Additional Investment- Rs 1000
  • SIP- Rs 500
  • STP- Rs 1000
  • RWP- Rs 500
  • Entry Load: NIL
  • Exit Load- 1%
  • Date of allotment- November 12, 2008
  • Plans- Regular and Direct
  • Options- Growth & Half Yearly Dividend Option
  • Fund Manager: Ravi Gopalakrishnan

Principal Multi Cap Growth Fund

Type of Scheme- An open ended equity scheme investing across large cap, mid cap, small cap stocks.

Investment Objective- To generate long – term capital appreciation.

Fund Management

  • Minimum Investment- Rs 5000
  • Additional Investment- Rs 1000
  • SIP- Rs 500
  • STP- Rs 1000
  • RWP- Rs 500
  • Entry Load: NIL
  • Exit Load- 1%
  • Date of allotment- October 25, 2000
  • Plans- Regular and Direct
  • Options- Growth & Half Yearly Dividend Option
  • Fund Manager: Ravi Gopalakrishnan & Siddarth Mohta

Principal Focused Multicap Fund

Type of Scheme- An open ended equity scheme investing in maximum 30 Multi cap stocks

Investment Objective- To generate capital appreciation and /or dividend distribution by investing in companies across market capitalization

Fund Management

  • Minimum Investment- Rs 5000
  • Additional Investment- Rs 1000
  • SIP- Rs 500
  • STP- Rs 1000
  • RWP- Rs 500
  • Entry Load: NIL
  • Exit Load- 0.25% 
  • Date of allotment- November 11, 2005
  • Plans- Regular and Direct
  • Options- Growth & Half Yearly Dividend Option
  • Fund Manager: Ravi Gopalakrishnan

Principal Mutual Fund Login, Customer Care Number & Other Details

An Investor can Contact Principal Mutual Fund toll-free number 1800 425 5600.In another case, if any issues investor can do FAX to 022 - 67720512.

Online through Principal Mutual Funds website anyone can get account statement, transaction slip, redemption form, common application form & fact sheets, etc.

Disclaimer : The details given in the mutual fund section is for informational purposes only. Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee the authenticity. The service provider has made every effort to ensure accuracy of information provided; however, neither Greynium Information Technologies Pvt Ltd, its subsidiaries and associates, nor the provider can guarantee such accuracy. This information is strictly for informational purposes only. It is not a solicitation to buy, sell in mutual funds or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the service provider do not accept culpability for losses and/or damages arising based on information.
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