PNB Mutual Funds formerly known as PNB Principal Mutual Fund offers a spectrum of mutual fund schemes that are meant to accommodate various investment requirements of individuals, businesses and large business corporates.
In a financial environment which offers a challenging avenue, Principal Mutual Funds are well desgined to deliver consistent returns to its investors. They are supported by proprietary investment research platform combined with a disciplinary form of investment that aspires to leverage the risk-reward proposition and have an affinity to provide excellent customer service.
Principal PNP Asset Management has been successfully fostering the investments in the asset management industry by consistently reviving the investor requirements and re-engineering the business models in order to become proactive in operations.
Principal Mutual Fund Schemes
Here are the list of varsity Mutual Fund schemes offered by Principal Mutual Fund:
1. Equity Funds
Do you wish to augment your returns? Consider investing in equity funds of Principal Mutual Fund. These funds are apt for those investors who have a high-risk taking capacity. Investors can permit their investments to grow manifold and earn dividends for a longer-time interval exceeding one year and maximum 5 years time period. These equity funds are open-ended schemes that can be bought and sold at any time period without any lock-in interval. The following equity funds offered by Principal Mutual Fund are as follows:
- Principal Dividend Yield Fund
- Principal Emerging Bluechip Fund
- Principal Smart Equity Fund
- Principal Arbitrage Fund
- Principal Large Cap Fund
- Principal Growth Fund
- Principal Index Fund – Nifty
- Principal Equity Savings Fund
2. ELSS Funds
Saving tax comes in a right proposition backed by money to multiply manifold. Invest in Equity Linked Savings Scheme which provides you tax deduction of upto ₹ 1.50 lakhs under Section-80 C of the Income Tax Act, 1961. These funds are suitable for high-risk investors( Individual, HUF and particular investors under Income Tax Act, 1961) who seek for capital growth over the medium to long-term. These schemes offer a three-year lock-in period and offer a simple way to get tax benefit and an avenue to obtain the potential upside of investing in the equity markets.
Only two ELSS funds are offered by Principal Mutual Fund which as follows:
- Principal Personal Tax Saver Fund
- Principal Tax Savings Fund
3. Balanced Funds
Balanced Funds deliver you a mixed combination of both equity and debt securities in the proportion that is reflected in the Scheme Information Document. These funds are suitable for those investors who aims for consistent and medium growth. Principal Balanced Fund is the only fund which is offered to you by the Principal Mutual Fund.
4. Debt Funds
Looking for secured returns in your mutual funds? Consider investing in debt instruments which invest in debt securities like Bonds, Money Market Securities, Government Securities(Gilts), Corporate Debentures etc. The prime objective of this scheme is to invest in a mix of Debt and Money market securities of varied maturities(according to the Investment Objective). It further aims to boost the regular income while maintaining an optimal balance between yield, safety, and liquidity.
The following debt funds are provided to you by Principal Mutual Fund:
- Principal Dynamic Bond Fund
- Principal Short Term Income Fund
- Principal Debt Savings Fund
- Principal Money Manager Fund
- Principal Low Duration Fund
- Principal Credit Opportunities Fund
- Principal Government Securities Fund
5. Liquid Funds
Do you wish to get instant cash flow at shorter time intervals? Consider investing in liquid funds which primarily invest in short-term securities like commercial paper, certificates of deposit, treasury bills, government securities etc. These securities are safe consisting of shorter time intervals which is apt for those investors who wish to have moderate returns on their excessive funds. Principal Cash Management Fund is the only liquid fund which is provided to you by Principal Mutual Fund.
6. Fund of Funds
Want to derive avenus from asset classes? Consider investing in Fund of Funds which aims to deliver the investor an opportunity to diversify the risk by spreading out their investments across asset class. The underlying instruments of FoF are the units of other mutual fund scheme either from the same fund or other funds of another fund house. Principal Mutual Fund provides you only two schemes under this category.
- Principal Global Opportunities Fund
- Principal Asset Allocation Fund of Funds
Principal Mutual Fund NAV
Principal Mutual Fund NAV represents Net Asset Value which means the market price of the mutual fund units, the fund holds by taking into consideration all the assets in the portfolio excluding liabilities which further gets divided by the total number of outstanding units.
Let's understand the computation of Principal Mutual Fund NAV by taking a simple example:
You want to invest ₹ 25000 in Reliance Arbitrage Fund at NAV 25. Subsequently, you will get 25000/25 =1000 units from the scheme.
The next day the NAV of the same fund rises upto ₹30, then your investment value arrives at a value ₹30,000 (=1000x30). After completion of one year, you wish to obtain redemption from the scheme in order to derive your investment value. Let's say NAV for Reliance Arbitrage Fund escalates upto ₹32 on your redemption day, then the Reliance Arbitrage Fund will pay you an amount of 1000x32=₹ 32,000 on that particular day.
Disclaimer: Mutual Fund Investments are subject to market risks, read all scheme related documents carefully before investing.
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