Principal Hybrid Equity Fund Growth
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- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Aggressive Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||6.76%|
|Reliance Industries Ltd||5.87%|
|ICICI Bank Ltd||5.73%|
|Kotak Mahindra Bank Ltd||3.29%|
|Housing Development Finance Corp Ltd||2.79%|
|Tata Consultancy Services Ltd||2.22%|
|GlaxoSmithKline Consumer Healthcare Ltd||2.02%|
|Hindustan Unilever Ltd||2.01%|
About Principal Hybrid Equity Fund
The Scheme is an open-ended hybrid scheme investing in equity and equity related instruments. The Scheme is available under both direct and regular plan. Both the plans offer growth and monthly dividend option. Monthly dividend option offers facility of Payout, Reinvestment and Sweep. The Scheme is benchmarked against CRISIL Hybrid 35+65 – Aggressive Index.
Pros & Cons of Principal Hybrid Equity Fund
In the past three year and five-year horizon, the scheme has returned 18% and 20% returns while its peers have provided 13% and 17% returns in same horizon.
Benefits of investing in Principal Hybrid Equity Fund:
- The scheme provides wealth creation opportunity along with low volatility hence lesser risk as compared to equity funds and thus suitable for new entrants.
- The equity corpus is large-cap focused with tactical allocation to mid and small cap funds.
The debt segment has high quality fixed income instrument with active duration management and some tactical trading positions to optimise benefits.
Fund Information and Statistics of Principal Hybrid Equity Fund
i) Inception / Launch date
The Scheme was launched on 14 January 2000.
ii) Risk level
The Scheme is moderately high risk and suitable for investors who are looking for capital appreciation in 3 year horizon and above.
The minimum redemption is Rs 500 or 50 units. Redemption proceeds are generally dispatched within 10 business days in line with SEBI guidelines.
iv) Fund Manager
Mr. P. V. K. Mohan is managing the equity portion of the Scheme since May 2010. Ms. Bekxy Kuriakose is managing the debt portion of the Scheme since March 2016.
v) Entry / Exit load
a. Entry Load: NIL b. Exit Load: Nil up-to 24% of units, for remaining units 1% on or before 1 Year and Nil after 1 Year
About Principal Mutual Fund
Principal Mutual Fund is one of the growing fund houses in India. It started its operation in 2000 and currently Mr. Lalit Vij is the Managing Director of the fund house. The fund house currently manages more than 20 schemes across equity & hybrid schemes.
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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