Principal Low Duration Fund Growth
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- Fund Summary
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- Why Cleartax
|Risk||Moderately Low risk|
|Fund Type||Low Duration|
More about this fund
|6.84% Govt Stock 2022||8.62%|
|Power Grid Corporation Of India Limited||6.19%|
|6.81% MH SDL 2020||5.13%|
|National Bank For Agriculture And Rural Development||5.12%|
|Reliance Industries Limited||5.11%|
|Housing Development Finance Corporation Limited||4.17%|
|LIC Housing Finance Limited||3.63%|
|National Housing Bank||3.16%|
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.
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Frequently Asked Questions
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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