Principal Corporate Bond Fund Retail Plan Growth
- 6.87%
- (+0.03)31.4656
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Fund Summary
| Period | Returns(per year) |
|---|---|
| 10 Years | 7.07% |
| 5 Years | 6.87% |
| 3 Years | 5.84% |
| 1 Year | 7.58% |
| 6 Months | 4.34% |
| Fund Details | |
|---|---|
| ISIN | INF173K01288 |
| Risk | Moderate Risk |
| Fund Type | Corporate Bond |
| NAV | 31.4656 |
| Exit Load | 1% for 365 Days |
More about this fund
| Top Holdings | Weightage |
|---|---|
| National Bank For Agriculture And Rural Development | 11.11% |
| National Housing Bank | 10.57% |
| HDFC Bank Limited | 8.78% |
| Power Finance Corporation Ltd. | 8.22% |
| Reliance Industries Limited | 8.03% |
| Power Grid Corporation Of India Limited | 5.59% |
| NTPC Limited | 5.58% |
| Indian Railway Finance Corporation Limited | 5.56% |
| Small Industries Development Bank Of India | 5.55% |
| Small Industries Development Bank Of India | 5.55% |
About Principal Corporate Bond Fund
Being an open-ended debt fund, the scheme seeks to generate steady capital appreciation and income by investing primarily in AA+ and above rated debt securities across maturities while maintaining the optimum balance of liquidity, safety and yield.
Pros and Cons of Principal Corporate Bond Fund
This scheme is suitable for the investors who are seeking: 1. Income or capital growth over medium and long term investment horizon. 2. The fund is invested in AA+ and above rated corporate bond and money market and debt instruments. 3. The fund maintains high quality credit portfolio. 4. Low risk investment vehicle as it ensures capital protection.
Fund Information and Statistics of Principal Corporate Bond Fund
Inception/Launch Date
The Principal Corporate Bond Fund was launched on 1 January 2013 by Principal Mutual Fund.
Risk Level
The fund carries a moderate level of risk. Among the underlying issuers, the corporate bonds are affected by credit risk or the default risk as well as the interest rate risk of the impact of prevailing rates. The long term debt funds are often at high risk when interest rate fluctuates beyond expectation due to various factors affecting the securities.
Redemption
The dispatch of redemption proceeds within 10 business days from the date of receipt of the redemption request of the unit holder.
Fund Manager
Mr.Gurvinder Singh Wasan is the fund manager of Principal Corporate Bond Fund since January 2018.
Entry/ Exit Load
The entry load for investing in his scheme is NIL. The exit load of 1% is applicable if redeemed within 1 year or 365 days.
Tax benefits of investing in Principal Corporate Bond Fund
If the units are held for less than 3 years, a short term capital gains tax is applicable to the investor based on the tax slab. Long term capital gains tax of 20% (with indexation) is applicable for larger investment horizon under Section 112 of the Indian Income Tax Act.
About Principal Mutual Fund
Principal Mutual fund was set by the Principal Asset Management Company, with an approach to accept levels of risk backed by solid research. With a disciplined and long-term investment they aim to create, grow wealth and protect of their investors.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns