Principal Equity Savings Fund Growth
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- Fund Summary
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|Fund Type||Equity Savings|
More about this fund
|Cash Offset For Derivatives||22.01%|
|Maruti Suzuki India Ltd||5.77%|
|ICICI Bank Ltd||4.6%|
|Net Receivable / Payable||4.3%|
|Future on Maruti Suzuki India Ltd||4.21%|
|Future on Housing Development Finance Corp Ltd||4.09%|
|Housing Development Finance Corp Ltd||4.09%|
|5.22% GOI 2025||4.05%|
|Polycab India Ltd||3.87%|
About Principal Equity Savings Fund
The Principal Equity Savings Fund, with a performance record of 15 years, is an open-ended, hybrid, equity-oriented mutual fund scheme. It aims to provide capital appreciation as well as income distribution by investing in equity and equity-related instruments, arbitrage opportunities, and debt and money market instruments. In simpler words, it offers the potential of generating income as well as capital appreciation. Also, the scheme’s benchmark is 30% Nifty 50 TRI and 70% CRISIL Liquid fund index.
Pros & Cons of Principal Equity Savings Fund
- Low volatility and regular income are two primary advantages of investing in the Principal Equity Savings Fund.
- It is a good option for investors who desire high liquidity, low volatility, and good returns through a limited exposure to equity.
- The scheme has a zero exit load feature which allows investors to initiate a withdrawal whenever they need.
- Investors looking for aggressive returns will not find this scheme attractive.
Fund Information and Statistics of Principal Equity Savings Fund
i) Inception/ Launch date
Principal Equity Savings Fund was launched on 23 May 2002 by Principal Mutual Fund.
ii) Risk level
Since the scheme invests in equity and equity-related instruments in the range of 65-90%, it has a moderately high investment risk associated with it.
The Mutual Fund shall dispatch the redemption proceeds within 10 business days of receiving the request at the Official Points of Acceptance of the Principal mutual Fund.
iv) Fund Manager
Mr. P.V.K. Mohan has been managing the equity portion of the scheme since June 2016. Additionally, Mr. Pankaj Jain has been managing the debt portion of the scheme since January 2018. The scheme was known as Principal Debt Savings Fund - Monthly Income Plan & was managed by Mr. Pankaj Jain till June 22, 2016.
v) Entry / Exit load
There is no entry load or exit load in this scheme.
Tax benefits of investing in Principal Equity Savings Fund
While withdrawing, the investors need to take these three tax-aspects into consideration: 1. If withdrawing within one year from the date of investment, STCG will be levied at 15 percent. 2. If the holding period is more than one year, then LTCG of up to Rs. One lakh are tax-free. All gains above this limit are taxed at 10 percent without indexation benefits. 3. Dividends are paid after the Mutual Fund deducts a 10 percent DDT (Dividend Distribution Tax).
About Principal Mutual Fund
In the year 2000, Principal Mutual Fund launched its operations in India. With core investment philosophies of Clarity and Integrity, the Mutual Fund endeavors to offer a wide array of investment options to meet the investment needs across all stages of life.
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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