Table of Contents
Top 4 Funds
(Now Principal Mutual Fund)
Principal PNB (Punjab National Bank) Asset Management Company act as the Investment Managers to Principal Mutual Fund. PNB Mutual Fund offers a diverse range of innovative financial solutions for both retail and institutional investors. The company uses a strict risk-management policy and appropriate research techniques to support its investment decisions.
The Fund house is a joint venture between Principal Financial Group and Punjab National Bank (PNB now have exitied the business & AMC is named as Principal Mutual Fund). It constantly aims to bring innovation in the schemes and satisfy the customer with long-term financial solutions. Today the company has around 4 Lakh customers and 102 investors centres across the country.
AMC | Principal PNB Mutual Fund |
---|---|
Date of Setup | November 25, 1994 |
AUM | INR 7418.07 crore (Jun-30-2018) |
Chairman | Mr. Mukund Chitale |
CEO/MD | Mr. Lalit Vij |
CIO | Mr. Rajat Jain |
Compliance Officer | Ms. Richa Parasrampuria |
Investor Service Officer | Mr. Hariharan Iyer |
Headquarters | Mumbai |
Customer Care Number | 1800-425-5600 |
Telephone | 022 – 67720555 |
Fax | 022 - 67720512 |
Website | www.principalindia.com |
customer[AT]principalindia.com |
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As mentioned in the earlier paragraph, the Principal PNB Mutual Fund is a joint venture between Principal Financial Group and Punjab National Bank (PNB). The parent company in this case is Principal Financial Group which is one of the world’s leading investment managers and is into asset management business for the past 130 years. The other party to the joint venture PNB is one of the largest nationalized banks in the country.
Both these companies together bring in various skills such as strong brand equity, distribution network, global expertise, and other related skills that have resulted in the growth of the fund house. In addition, the investment philosophy of the fund house is to understand the needs of the investors and provide a disciplined investment approach which helps in maximizing returns within the permissible risk-appetite thereby; reducing the portfolio’s volatility.
Principal Mutual Fund like other fund houses also offers a variety of schemes under various categories to cater the diverse requirements of the individuals. Some of these fund categories are explained as follows.
Equity Mutual Fund refers to the scheme that invests a predominant stake of its corpus in equity shares of various companies. These schemes are considered to be a good investment in case of long-run investments. In addition, the returns of Equity Funds are not constant as it is dependent on the performance of the underlying portfolio. Equity funds are classified into various categories such as Large cap funds, mid cap funds, Small cap funds, and ELSS. Some of the top and Best equity funds offered by Principal are listed below as follows.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Principal Emerging Bluechip Fund Growth ₹183.316
↑ 2.03 ₹3,124 2.9 13.6 38.9 21.9 19.2 Principal Multi Cap Growth Fund Growth ₹360.89
↑ 2.62 ₹2,759 -3.4 6 27.1 14.1 20.6 31.1 Principal Global Opportunities Fund Growth ₹47.4362
↓ -0.04 ₹38 2.9 3.1 25.8 24.8 16.5 Principal Tax Savings Fund Growth ₹477.018
↑ 1.57 ₹1,351 -3.9 3.8 21.7 12.3 18.4 24.5 Principal Dividend Yield Fund Growth ₹133.825
↑ 0.71 ₹933 -5.3 4.2 27.3 15.7 19.8 34 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Dec 21
These funds invest their accumulated money in fixed income instruments. Some of the fixed income instruments in which the corpus money is invested include treasury bills, government Bonds, corporate bonds, and so on. The debt funds are considered to be less volatile as compared to equity funds. Debt funds can be considered a good investment option for short and medium-term. The various categories of debt funds include Liquid Funds, ultra short-term funds, Gilt Funds, and so on. Some of the top and Best Debt Funds of Principal PNB are tabulated as follows.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Principal Cash Management Fund Growth ₹2,208.97
↑ 0.42 ₹6,783 1.8 3.5 7.3 6.2 7 7.06% 1M 10D 1M 10D Principal Credit Risk Fund Growth ₹3,103.96
↓ -0.49 ₹15 14.3 7.9 11.5 5.8 3.44% 3M 28D 4M 16D Principal Short Term Debt Fund Growth ₹42.116
↑ 0.02 ₹223 2.1 4.3 8 6 6.9 7.39% 2Y 9M 14D 3Y 9M 11D Principal Dynamic Bond Fund Growth ₹31.9328
↑ 0.02 ₹29 5.7 4.4 7.5 2.9 4.84% 3Y 2M 1D 3Y 9M 14D Principal Ultra Short Term Fund Growth ₹2,582.39
↑ 0.43 ₹1,845 1.6 3.2 6.4 5.3 6.1 7.4% 5M 16D 5M 26D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 24
Hybrid Fund enjoy the benefits of both equity as well as debts. In other words, these funds invest their corpus in both equity and fixed income instruments in a predetermined proportion. These funds are suitable for people who are looking for capital growth along with regular income. Since hybrid funds invest their fund money in equity instruments, their returns are not constant. Some of the top and best hybrid funds offered by Principal are as follows.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Principal Hybrid Equity Fund Growth ₹154.955
↑ 0.80 ₹5,358 -1.6 7.2 22.2 10.6 15.2 16.8 Principal Balanced Advantage Fund Growth ₹33.7868
↑ 0.12 ₹1,533 -1.2 6.4 17.5 10.1 10.3 14.1 Principal Equity Savings Fund Growth ₹66.8215
↑ 0.20 ₹990 -0.2 5.2 14.9 9.6 12.7 15.3 Principal Arbitrage Fund Growth ₹13.8971
↑ 0.01 ₹222 1.7 3.5 7.3 5.7 4.4 6.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 24
money market Mutual Fund is also known as the liquid fund. This scheme invests a major proportion of its corpus in fixed income securities whose investment tenure is less. The investment tenure of these schemes is less than or equal to 90 days. These funds are considered to have a low-risk appetite. Liquid funds are considered to be a good investment option for people having idle money in their savings bank account to earn more returns. Some of the top and best Principal’s money market Mutual Fund schemes are listed below as follows.
Fund NAV Net Assets (Cr) 1 MO (%) 3 MO (%) 6 MO (%) 1 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Principal Cash Management Fund Growth ₹2,208.97
↑ 0.42 ₹6,783 0.6 1.8 3.5 7.3 7 7.06% 1M 10D 1M 10D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 24
Principal Tax Savings Fund is an ELSS of Principal PNB that was launched on March 31, 1996. The objective of the scheme is to provide capital appreciation along with tax benefits. Principal Tax Savings Fund has a lock-in period of 3 years. People investing in this scheme can avail tax deduction up to INR 1,50,000 under Section 80C of income tax Act, 1961. The performance of Principal Tax Savings Scheme is as follows.
The primary objective of the Scheme is to achieve long-term capital appreciation by investing in equity & equity related instruments of mid cap & small cap companies. Principal Emerging Bluechip Fund is a Equity - Large & Mid Cap fund was launched on 12 Nov 08. It is a fund with Moderately High risk and has given a Below is the key information for Principal Emerging Bluechip Fund Returns up to 1 year are on To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation. Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a Below is the key information for Principal Tax Savings Fund Returns up to 1 year are on (Erstwhile Principal Growth Fund) The primary investment objective of the scheme is to achieve long-term capital appreciation. Principal Multi Cap Growth Fund is a Equity - Multi Cap fund was launched on 25 Oct 00. It is a fund with Moderately High risk and has given a Below is the key information for Principal Multi Cap Growth Fund Returns up to 1 year are on The investment objective of the Scheme is to provide capital
appreciation and income distribution to the investors by using
equity and equity related instruments, arbitrage opportunities, and
investments in debt and money market instruments Principal Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 23 May 02. It is a fund with Moderately High risk and has given a Below is the key information for Principal Equity Savings Fund Returns up to 1 year are on 1. Principal Emerging Bluechip Fund
CAGR/Annualized
return of 24.8% since its launch. Ranked 1 in Large & Mid Cap
category. . Principal Emerging Bluechip Fund
Growth Launch Date 12 Nov 08 NAV (31 Dec 21) ₹183.316 ↑ 2.03 (1.12 %) Net Assets (Cr) ₹3,124 on 30 Nov 21 Category Equity - Large & Mid Cap AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 2.74 Information Ratio 0.22 Alpha Ratio 2.18 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,424 31 Oct 21 ₹17,267 Returns for Principal Emerging Bluechip Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 31 Dec 21 Duration Returns 1 Month 2.9% 3 Month 2.9% 6 Month 13.6% 1 Year 38.9% 3 Year 21.9% 5 Year 19.2% 10 Year 15 Year Since launch 24.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Fund Manager information for Principal Emerging Bluechip Fund
Name Since Tenure Data below for Principal Emerging Bluechip Fund as on 30 Nov 21
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. Principal Tax Savings Fund
CAGR/Annualized
return of 16.1% since its launch. Ranked 8 in ELSS
category. Return for 2023 was 24.5% , 2022 was 4.3% and 2021 was 32.1% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (19 Nov 24) ₹477.018 ↑ 1.57 (0.33 %) Net Assets (Cr) ₹1,351 on 31 Oct 24 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.26 Sharpe Ratio 1.79 Information Ratio -0.48 Alpha Ratio -0.27 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,092 31 Oct 21 ₹16,270 31 Oct 22 ₹16,978 31 Oct 23 ₹18,415 31 Oct 24 ₹24,132 Returns for Principal Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 31 Dec 21 Duration Returns 1 Month -5.8% 3 Month -3.9% 6 Month 3.8% 1 Year 21.7% 3 Year 12.3% 5 Year 18.4% 10 Year 15 Year Since launch 16.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 24.5% 2022 4.3% 2021 32.1% 2020 18.9% 2019 2.5% 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 5.01 Yr. Rohit Seksaria 1 Jan 22 2.84 Yr. Data below for Principal Tax Savings Fund as on 31 Oct 24
Equity Sector Allocation
Sector Value Financial Services 32.06% Industrials 13.88% Consumer Cyclical 9.98% Health Care 7.87% Consumer Defensive 7.78% Technology 7.46% Energy 6.39% Communication Services 6.17% Basic Materials 3.67% Utility 0.69% Real Estate 0.5% Asset Allocation
Asset Class Value Cash 3.5% Equity 96.5% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK7% ₹105 Cr 606,077 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹94 Cr 737,000
↑ 76,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE5% ₹71 Cr 239,000
↓ -21,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹57 Cr 306,000
↓ -7,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Aug 15 | SUNPHARMA3% ₹39 Cr 200,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹38 Cr 311,000 Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services)
Equity, Since 30 Nov 21 | 8901573% ₹37 Cr 283,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT2% ₹35 Cr 96,021 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN2% ₹35 Cr 444,000 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 Oct 22 | INDIGO2% ₹30 Cr 63,000 3. Principal Multi Cap Growth Fund
CAGR/Annualized
return of 16.1% since its launch. Ranked 12 in Multi Cap
category. Return for 2023 was 31.1% , 2022 was -1.6% and 2021 was 46.3% . Principal Multi Cap Growth Fund
Growth Launch Date 25 Oct 00 NAV (19 Nov 24) ₹360.89 ↑ 2.62 (0.73 %) Net Assets (Cr) ₹2,759 on 31 Oct 24 Category Equity - Multi Cap AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.05 Sharpe Ratio 2 Information Ratio -0.6 Alpha Ratio 0.88 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹9,964 31 Oct 21 ₹16,741 31 Oct 22 ₹17,324 31 Oct 23 ₹19,239 31 Oct 24 ₹26,598 Returns for Principal Multi Cap Growth Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 31 Dec 21 Duration Returns 1 Month -6.2% 3 Month -3.4% 6 Month 6% 1 Year 27.1% 3 Year 14.1% 5 Year 20.6% 10 Year 15 Year Since launch 16.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 31.1% 2022 -1.6% 2021 46.3% 2020 15% 2019 3.9% 2018 -8.7% 2017 48.7% 2016 6.4% 2015 2.8% 2014 49.4% Fund Manager information for Principal Multi Cap Growth Fund
Name Since Tenure Ratish Varier 1 Jan 22 2.84 Yr. Sudhir Kedia 1 Jan 22 2.84 Yr. Data below for Principal Multi Cap Growth Fund as on 31 Oct 24
Equity Sector Allocation
Sector Value Financial Services 19.04% Industrials 15.99% Consumer Cyclical 15.74% Technology 8.31% Health Care 7.76% Energy 7% Basic Materials 6.72% Communication Services 5.02% Consumer Defensive 4.02% Utility 2.97% Real Estate 2.62% Asset Allocation
Asset Class Value Cash 4.76% Equity 95.23% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE5% ₹133 Cr 449,586
↓ -106,548 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK4% ₹129 Cr 746,575 NTPC Ltd (Utilities)
Equity, Since 31 Mar 23 | 5325553% ₹87 Cr 1,955,077 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 23 | LT3% ₹85 Cr 230,571 Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY3% ₹80 Cr 425,850 Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Dec 20 | 5329293% ₹76 Cr 539,440 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 24 | 5322152% ₹71 Cr 577,823 Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | 5328142% ₹70 Cr 1,339,692 Blue Star Ltd (Industrials)
Equity, Since 31 Jul 22 | BLUESTARCO2% ₹70 Cr 337,653 Lupin Ltd (Healthcare)
Equity, Since 30 Apr 24 | 5002572% ₹68 Cr 311,373 4. Principal Equity Savings Fund
CAGR/Annualized
return of 8.8% since its launch. Ranked 38 in Equity Savings
category. Return for 2023 was 15.3% , 2022 was 4.1% and 2021 was 18.2% . Principal Equity Savings Fund
Growth Launch Date 23 May 02 NAV (19 Nov 24) ₹66.8215 ↑ 0.20 (0.30 %) Net Assets (Cr) ₹990 on 31 Oct 24 Category Hybrid - Equity Savings AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 2.23 Sharpe Ratio 2.15 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,616 31 Oct 21 ₹13,665 31 Oct 22 ₹14,281 31 Oct 23 ₹15,451 31 Oct 24 ₹18,367 Returns for Principal Equity Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 31 Dec 21 Duration Returns 1 Month -2.2% 3 Month -0.2% 6 Month 5.2% 1 Year 14.9% 3 Year 9.6% 5 Year 12.7% 10 Year 15 Year Since launch 8.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 15.3% 2022 4.1% 2021 18.2% 2020 14.6% 2019 5.1% 2018 1.6% 2017 15% 2016 5.5% 2015 3.6% 2014 12.8% Fund Manager information for Principal Equity Savings Fund
Name Since Tenure Dwijendra Srivastava 1 Jan 22 2.83 Yr. Sudhir Kedia 29 Oct 19 5.01 Yr. Rohit Seksaria 1 Jan 22 2.83 Yr. Data below for Principal Equity Savings Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 39.22% Equity 40.39% Debt 20.4% Equity Sector Allocation
Sector Value Financial Services 23.07% Consumer Cyclical 10.01% Industrials 8.95% Energy 7.57% Technology 7.53% Communication Services 6.79% Health Care 5.08% Basic Materials 3.48% Consumer Defensive 3.15% Utility 0.39% Real Estate 0.32% Debt Sector Allocation
Sector Value Cash Equivalent 39.22% Government 16.6% Corporate 3.8% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.10%Goi 08/04/2034
Sovereign Bonds | -7% ₹67 Cr 6,500,000
↑ 1,000,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE6% ₹61 Cr 207,250 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 24 | BHARTIARTL5% ₹51 Cr 298,275
↑ 58,425 Future on Reliance Industries Ltd
Derivatives | -5% -₹51 Cr 171,250
↑ 171,250 India (Republic of)
- | -5% ₹48 Cr 5,000,000
↑ 5,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322154% ₹40 Cr 324,625
↑ 113,750 Infosys Ltd (Technology)
Equity, Since 30 Jun 21 | INFY4% ₹38 Cr 205,100 Future on Bharti Airtel Ltd
Derivatives | -4% -₹37 Cr 213,275
↑ 213,275 Future on Axis Bank Ltd
Derivatives | -4% -₹35 Cr 285,625
↑ 285,625 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | INDUSINDBK3% ₹34 Cr 232,000
After SEBI's (Securities and Exchange Board of India) circulation on re-categorisation and rationalisation of open-ended Mutual Funds, many Mutual Fund Houses are incorporating changes in their scheme names and categories. SEBI introduced new and broad categories in Mutual Funds in order to bring uniformity in similar schemes launched by the different Mutual Funds. This is to aim and ensure that investors can find it easier to compare the products and evaluate the different options available before investing in a scheme.
Here is a list of Principal schemes that got new names:
Existing Scheme Name | New Scheme Name |
---|---|
Principal Credit Opportunities Fund | Principal Credit Risk Fund |
Principal Debt Savings Fund | Principal Corporate Bond Fund |
Principal Growth Fund | Principal Multi Cap Growth Fund |
Principal Index Fund - Nifty | Principal Nifty 100 Equal Weight Fund |
Principal Large Cap Fund | Principal Focused Multicap Fund |
Principal Retail Money Manager Fund | Principal Ultra Short Term fund |
Principal Short Term Income Fund | Principal Short Term Debt fund |
*Note-The list will be updated as and when we get an insight about the changes in the scheme names.
Principal Mutual Fund offers SIP mode of investment in most of its schemes. SIP or Systematic Investment Plan is an investment mode wherein people invest in small amounts at regular intervals. SIP helps people to assess how much funds do they need to save today to attain their future objectives by saving in small amounts.
You can get your Principal PNB mutual fund statement online on its website. You need to provide your folio number to get the account statement. You can avail your statement of last financial year, the current financial year or you can specify the date range. You also have an option to choose the statement format i.e. it can be either in a PDF format or an Excel sheet format.
Principal PNB Mutual Fund too offers its own calculator that helps investors to portray how the SIP investment grows over time. In addition, it also helps them to calculate their present savings amount so that they can achieve their future objectives. Some of the input data that needs to be entered in the mutual fund calculator is present monthly savings that individuals can afford, the income of the individual, expected returns on the investment, and so on.
Know Your Monthly SIP Amount
PNB Principal Mutual Fund NAV can be found on the AMFI website. The latest NAV can also be found on the asset management company's website. You can also check for the historical NAV of the PNB Principal Mutual Fund on the AMFI website.
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Principal Financial Services Inc., USA [through its subsidiary Principal Financial Group (Mauritius) Limited]
Exchange Plaza, Ground Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East), Mumbai - 400051