Principal Multi Cap Growth Fund Growth
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- Fund Summary
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|Reliance Industries Ltd||9.84%|
|HDFC Bank Ltd||7.34%|
|Tata Consultancy Services Ltd||4.73%|
|ICICI Bank Ltd||3.78%|
|Housing Development Finance Corp Ltd||3.2%|
|Divi's Laboratories Ltd||3.02%|
|Hindustan Unilever Ltd||2.88%|
|Kotak Mahindra Bank Ltd||2.64%|
|Bajaj Finance Ltd||2.23%|
About Principal Multi Cap Growth Fund
Being an open- ended equity fund, the scheme seeks to achieve returns or long term capital appreciation by investing primarily in equities and equity derivatives. The risk in the investment is considerably low with their professional management and diversification provided the AMC.
Pros and Cons of Principal Cap Growth Fund
The scheme is suitable for those who are seeking: 1. Long term capital appreciation or growth. 2. The fund invest in equity related securities and equity including derivatives of companies across market capitalization. 3. Across market cycles largely due to its multi- cap investment flexibility the fund seeks to outperform the benchmark.
Fund Information and Statistics of Principal Cap Growth Fund
Inception/ Launch Date
The Principal Cap Growth Fund was launched on 1 January 2013 by Principal Mutual Fund.
As the fund invest in both mid-cap and small-cap assets to provide better returns to the investors compared to the large-cap funds. But this comes with moderately high risk, as both mid-cap and small-cap assets are the two riskiest assets of multi-cap funds. Being risky, this fund house depends on the fund manager’s ability.
RedemptionThe dispatch of the redemption proceeds within 10 business days from the date of receipt of the redemption request of the unit holder.
Mr. P V K Mohan since September 2010 and Mr.Siddharth Mohta since August 2018 are the fund managers of Principal Cap Growth Fund.
Entry/ Exit load
The entry load for investing in this fund is NIL. The exit load of 1% is applicable if redeemed on or before 365 days.
Tax benefits of investing in Principal Multi Cap Growth Fund
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gain, in excess of Rs 1 lakh, are taxed at 10% if sold after one year. Dividend distribution tax is applicable. 10% tax will be deducted at source for dividends.
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