Principal Low Duration Fund Growth
Start your investment
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Low to Moderate Risk|
|Fund Type||Low Duration|
More about this fund
|HDB Financial Services Limited||8.33%|
|Indian Railway Finance Corporation Limited||7.94%|
|National Bank For Agriculture and Rural Development||6.7%|
|Ultratech Cement Limited||6.62%|
|Cholamandalam Investment and Fin. Co. Limited||6.58%|
|L&T Finance Limited||6.56%|
|Housing Development Finance Corporation Limited||5.31%|
|LIC Housing Finance Limited||4.61%|
|National Housing Bank||4.03%|
About Principal Low Duration Fund
The Principal Low Duration Fund is an open-ended scheme which invests in debt securities and money market instruments. The scheme is aimed at generating regular income and capital appreciation over a short-term investment horizon. The Macaulay Duration period of the portfolio is between 6 to 12 months.
Pros & Cons of Principal Low Duration Fund
Principal Low Duration Fund offers the following benefits:
- The fund is ideal for investing capital over a short-term without taking huge risks.
- The scheme follows stringent liquidity and credit parameters to optimize the risk-return proposition.
- The fund is managed with a defined maturity profile. However, the returns are consistently less than the average category returns.
Fund Information and Statistics of Principal Low Duration Fund
i) Inception / Launch date
The Principal Low Duration Fund was launched on September 14, 2004, by Principal Mutual Fund.
ii) Risk level
Investments in Principal Low Duration Fund was are at moderately low risks and suitable for a short-term duration.
Redemption can be done on all business days at applicable NAV prices. The proceeds will be dispatched within 10 business days from the day of the redemption request.
iv) Fund Manager
The fund is managed by Mr Pankaj Jain since January 2012. He comes with 16 years of experience and has previously worked with Taurus Mutual Fund and Edelweiss Mutual Fund.
v) Entry / Exit load
The fund house does not charge any entry load or exit load on redemption.
Tax benefits of investing in Principal Low Duration Fund
The Short-term capital gain tax according to the income tax slab of the investor would be applicable if sold before 36 months. If the units are sold after 36 months, a long-term capital gain tax of 20% with indexation is levied.
About Principal Mutual Fund
Principal mutual fund is a part of Principal Financial Group which was established in 1879. The fund house was established in India in 2000 and over the years, it has grown to a network of 20,000 distributors serving 5 lakh customers. It believes in bottom-up stock selection and disciplined risk management to deliver consistent performance.
" Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "IT Developer, Bangalore
" I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "Software Engineer, Indore
" Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "Campus Manager, Bangalore
Invest Now in 3 Easy Steps
Why ClearTax Invest?
- Our experts do all the research and offer only the BEST mutual funds
- Trusted by Over 25 Lakh Indians
- Invest in just 5 minutes
- No paperwork required
- Simple and easy to use
Frequently Asked Questions
- Read More
Start your investment
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