Principal Mutual Fund – Review, Fund Managers, KYC Process, Fees, Top Funds & more
Last Updated Date: Nov 19, 2022Being one of the oldest mutual fund houses in the country, Principal Mutual Fund AMC is known for its excellent services to the investors.
It has an abundance of schemes to suit all kinds of investor’s budgets and goals.
In this article, we will guide you about every aspect of this fund house starting from its inception to the best performing funds it has.
We will discuss the top fund managers who can help you earn the best possible returns. We will talk about the best schemes and their charges as well.
So, in this one piece of write-up, you are going to learn about this asset management house in detail to take your call whether to invest or not with Principal Mutual Funds AMC.
About Principal Mutual Fund
In the year 1994, it started operating though it was incorporated three years back in 1991. In the initial days, it was associated with IDBI, however, now it is not.
It is regarded as one of the leading fund houses in the country because of one particular reason.
It has doubled its AUM in just three years which is like a next to impossible thing for many peers in the market.
At present, the fund house is managing assets worth Rs.7500 crores approximately. The number of schemes available with them is around seventy which includes all types of schemes.
These schemes are having different underlying while some have equities, others have debt and others are also having a mix of both.
So, for all types of investors, there are schemes that they can invest in. Some of the top equity funds of Principal Mutual Funds AMC are the Principal Emerging Bluechip Fund, FocusssedMulticap Fund, and others.
Then amongst the debt fund section, there is Principal Credit Risk Fund and Dynamic Bond Fund, and others.
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Why Invest in Principal AMC?
The factors which make Principal Mutual Funds AMC a leading fund house and Asset Management company in the market as given below –
Thorough Planning: The first step for any kind of investment is planning. A proper goal analysis, then planning the steps to achieve that investment goal is the key to success.
So, with Principal Mutual Funds AMC, planning is their key for higher returns. They plan each of the investments for their clients after understanding their financial background, financial obligations, and income.
They understand the investment goal and risk-taking abilities. Once they are aware of all these, then only they take the call regarding the investment which can be suitable for the investors.
Exceptional Returns: Since, the planning is exceptional at Principal Mutual Funds AMC, the returns are ought to be higher, isn’t it?
So, the returns in some of the top-performing funds even cross 50% in just 3 years and even 80% in a 5-year duration.
Professional and Dedicated Fund Managers: The main asset of the Principal Mutual Funds AMC is its fund managers.
This firm is having a handful of highly qualified fund managers who are dedicated to the core. They always seeking better returns for the investors.
They have a huge knowledge of the market and experience as well.
Low Fees: The fees that this firm charge is comparatively lower than many other firms. This may also be a reason for its popularity amongst the investors.
Experience: Finally, we have experience with the card. Yes, Principal Mutual Funds AMC is having more than 25 years of experience in the mutual fund industry which counts a lot.
How to Invest with Principal Mutual Funds?
To invest with Principal Mutual Funds AMC you need to –
- Firstly you need to register with Principal Mutual Funds AMC. For the same, you can click on the button stating “Open an Account”.
- For registration, you need to fill in the details like name, occupation, address and income, and others as asked.
- Then once your registration is done, you can choose your investment criteria.
- Select the risk appetite you have – low, high, or medium
- Choose the investment type – Lump Sum or SIP investment
- Choose the Principal Mutual Funds scheme that you want to invest in
- Then make the payment by using any of the payment modes which is suitable for you
- Once the payment is made, you can see the funds in your account. It takes around 4-5 working days to get reflected in your account.
Principal AMC – Fund Managers
The fund managers who do the magic for the investors are –
Mr. Rajat Jain
He is the Chief Investment Officer of Principal Mutual Funds. Mr. Rajat is associated with this firm since its beginning. It has been years he is serving the clients of Principal Mutual Fund AMC.
He has done his Post Graduation from the prestigious Indian Institute of Management. His strategies work like magic even in highly volatile markets.
He has been appointed as the director, advisors by many leading financial organizations.
Mr. Aashish Khubchandani
Having a CFA in this kitty, he is one of the youngest top fund managers in the country. However, his age has nothing to do with his vision.
He is regarded as one of the leading fund managers in the country because of his insights into the market.
He is associated with Principal Mutual Fund AMC for many years and helping investors earn great returns, especially in the fixed-income segment.
Mr. Siddharth Mohta
With prolonged years of experience he is one of another gems in Principal Mutual Fund AMC.
He has been associated with many other financial organizations in the past like ICRA, Adventity Solutions, and others. He is at present the associate fund manager of Principal Mutual Fund AMC.
Ms. Rupali Pandit
She is one of the most sought after fund manager in Principal Mutual Fund AMC because of her great insights into the market.
She has been in this field for over nineteen years which help her understand the market in all possible manners.
This in turn helps her to generate returns in a turbulent market as well.
Gurvinder Singh Wasan
He is one of the top fund managers who has been working in this firm for the last fourteen years.
He is a CA, CFA, and a post-graduate in Commerce and has more than two decades of experience in this field.
Principal Mutual Fund – Key Personnel
Lalit Vij: The firm is headed by Lalit Vij who is the Managing Director of Principal Mutual Fund AMC. His efforts have made the firm stand out amongst the rest.
Independent Director
- MadhukumarM. Kamath
- Mr. Pedro Borda
- Mr. Ganesh Nataranjan
The key personnel includes –
- Rajat Jain – CIO
- Mr.HariharanIyer – Operations and Customer Services Head
- RichaParasrampuria – Head of Compliance
How to do KYC Check for Principal Mutual Fund?
To complete the KYC for Principal Mutual Fund AMC, you need to –
- Visit and login to your Principal Mutual Fund AMC account
- Then click on KYC registration TAB
- There you will have to fill in the required details – personal and occupational details
- Make a photocopy of the documents mentioned on the site
- Self-attest each of the photocopies of the documents
- Upload them properly
- Once the documents are properly uploaded on the site, your KYC registration will be completed.
Documents Required to Invest in Principal AMC
The documents you would require for KYC registration are –
- AADHAAR Card
- PAN Card
- Voter ID
- Passport
(Any one of the below mentioned documents as address proof)
- Electricity Bill
- Rental Agreement
- License
- Phone Bill
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Principal Mutual Fund Fees or Charges
| Fund | Minimum Investment (Rs) | Entry Load (in % p.a.) | Exit Load (in % p.a.) | Fund Manager |
| Principal Arbitrage Fund – Growth – Direct Plan | 5000 | N.A | 0.5 | Rajat Jain |
| Principal Balanced Advantage Fund – Growth – Direct Plan | 5000 | N.A | 1 | Ravi Gopalakrishnan |
| Principal Cash Management Fund – Growth – Direct Plan | 5000 | N.A | 0.007 | Bekxy Kuriakose |
| Principal Dividend Yield Fund – Growth – Direct Plan | 5000 | N.A | 1 | Ravi Gopalakrishnan |
| Principal Emerging Bluechip Fund – Growth – Direct Plan | 300 | N.A | 1 | Ravi Gopalakrishnan |
| Principal Equity Savings Fund – Growth – Direct Plan | 5000 | N.A | 1 | Sudhir Kedia |
| Principal Focused Multicap Fund – Growth – Direct Plan | 300 | N.A | 1 | Ravi Gopalakrishnan |
| Principal Global Opportunities Fund – Growth – Direct Plan | 10000 | N.A | 1 | Rajat Jain |
| Principal Hybrid Equity Fund – Growth – Direct Plan | 300 | N.A | 1 | Ravi Gopalakrishnan |
| Principal Large Cap Fund – Growth – Direct Plan | 5000 | N.A | 1 | Sudhir Kedia |
Details of Principal Mutual Fund Charges
One of the most important factors for every investor is the cost of investing. In Mutual Funds, the cost is mainly the entry and exit load.
While the entry load is the cost you need to incur for investing in the fund, the latter is the fee you need to pay for withdrawing the amount from your fund (partial or full).
So, here you can see the entry load is not applicable and that is a great thing for the investors.
This reduces the cost of investment and in turn, the return on investment is increased. The exit load is there but very nominal.
It charges only a maximum of 1% exit load which in the market, firms are charging double and triple of this. Now the minimum investment is also a thing that needs to be considered.
The minimum investment for most of the funds is Rs.5000 which is the industry average.
However, there are certain funds where this minimum investment is too minimal like only Rs.300.
As you can see in the table above, there are 3 funds here only where you can start investing just for Rs.300.
The funds are like Principal Emerging Bluechip Fund or the Principal Focussed Multicap Fund and others.
There is one where the minimum investment is Rs.10000 and that is a bit higher. It is for the Principal Global Opportunities Fund.
Best Performing Principal Mutual Fund
| Fund Name | Category | Risk | 1Y Returns | Fund Size (in Cr) | |
|
Equity | Moderately High | 16.80% | Rs. 453 | |
| Principal Equity Savings Fund | Hybrid | Moderately High | 14.30% | Rs. 46 | |
| Principal Hybrid Equity Fund | Hybrid | Moderately High | 15.00% | Rs. 1,084 | |
| Principal Focused Multicap Fund | Equity | Moderately High | 6.50% | Rs. 399 | |
| Principal Emerging Bluechip Fund | Equity | Moderately High | 21.30% | Rs. 2,324 | |
| Principal Credit Risk Fund | Debt | Moderate | 12.30% | Rs. 14 | |
| Principal Dividend Yield Fund | Equity | Moderately High | 18.20% | Rs. 180 | |
| Principal Smart Equity Fund | Hybrid | Moderately High | 10.40% | Rs. 147 | |
| Principal Tax Savings Fund | Equity | Moderately High | 16.20% | Rs. 453 | |
| Principal Growth Fund | Equity | Moderately High | 12.10% | Rs. 679 |
The best performing funds of Principal Mutual Fund AMC according to the 1-year return statistics are Principal Emerging Bluechip Fund with a 21.30% return in 1 year.
The fund is having a moderately high-risk profile with equity as the underlying. The fund size is Rs. 2324 crores.
Then there is Principal Dividend Yield Fund with moderately high risk and equity underling which has been providing around 18.20% return in a year. The fund worth is Rs.180 crores.
In the third position, there is Principal Focussed Multicap Fund with a 16.80% return in its 1-year duration.
The fund size is Rs.453 crores and equity is the underlying asset. It is also having a moderately high-risk factor.
The overall range of 1-year return of the top ten funds of Principal Mutual Fund AMC is between 6.50% and 21.30% which is a small range but every fund is having an average growth and return which is stable and beneficial for the investors in long run.
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Top 10 Principal AMC Funds
| Fund |
|
3-Year Return | 5-Year Return | |
| Principal Arbitrage Fund – Growth – Direct Plan | 2.24 | 5.32 | N.A | |
| Principal Balanced Advantage Fund – Growth – Direct Plan | 8.5 | 13.48 | 35.28 | |
| Principal Cash Management Fund – Growth – Direct Plan | 3.81 | 8.28 | 24.5 | |
| Principal Dividend Yield Fund – Growth – Direct Plan | 15.81 | 15.49 | 82.88 | |
| Principal Emerging Bluechip Fund – Growth – Direct Plan | 18.14 | 12.29 | 88.16 | |
| Principal Equity Savings Fund – Growth – Direct Plan | 12.11 | 19.85 | 45.97 | |
| Principal Focused Multicap Fund – Growth – Direct Plan | 14.41 | 27.38 | 76.9 | |
| Principal Global Opportunities Fund – Growth – Direct Plan | 17.63 | 31.42 | 86.56 | |
| Principal Hybrid Equity Fund – Growth – Direct Plan | 12.38 | 13.76 | 72.27 | |
| Principal Large Cap Fund – Growth – Direct Plan | N.A | NA | N.A |
Details about Top 10 Principal AMC Funds
One of the most vital data to check while analyzing different schemes of mutual funds is a five-year return. If five years return is not available then at least a 3-year return.
Here at Principal Mutual Fund AMC, the best performing fund as per 5-year return is Principal Emerging Bluechip Fund.
It has provided an exponential 88.16% return to the investors in just five years. The fund is a growth fund investing in the Bluechip companies. It is a Direct Plan.
Its 3-year return was only 12.29 but the 5 years return is huge. Then there is Principal Global Opportunities Fund which is again a growth fund and the five-year return is 86.56%.
These kinds of returns are unexpected in the Indian market but Principal Mutual Fund AMC has managed to achieve these returns in a really short span of time.
Then there is the Principal Dividend Yield Fund with 82.88% return in 5 years. Overall 5 years returns for all the top ten funds are huge if compared to the funds of Principal Mutual Fund AMC’s peers.
Best Principal Mutual Fund– Portfolio
| Fund | Market Value (in Cr.) | Net Assst (in Cr.) | Rating |
| Principal Cash Management Fund – Growth – Direct Plan | 2995.43 | 80394.02 | AAA |
| Principal Equity Savings Fund – Growth – Direct Plan | 2929.35 | 57348.62 | AAA |
| Principal Global Opportunities Fund – Growth – Direct Plan | 227.24 | 3576.93 | AAA |
| Principal Hybrid Equity Fund – Growth – Direct Plan | 1012.4 | 28599 | AAA |
| Principal Low Duration Fund – Growth – Direct Plan | 4552.95 | 277963.25 | AAA |
| Principal Multi Cap Growth Fund – Growth – Direct Plan | 10.86 | 15514.12 | AAA |
| Principal Short Term Debt Fund – Growth – Direct Plan | 1971.67 | 28276 | AAA |
| Principal Tax Savings Fund – Direct Plan | 5.37 | 9406.51 | AAA |
Here are Best Principal Mutual Fund Portfolio
The market value and the net asset value is another factor to look at and understand while choosing the scheme for investment.
The fund having the highest market value of Rs.4552.95 crores are Principal Low Duration Fund. This is a growth fund with a direct plan option.
Then there is Principal Cash Management Fund with Rs.2995.43 crores as market valuation. The net asset worth of these two funds is Rs.277963.25 crores and Rs.80394.02 crores respectively.
Then there is Principal Equity Savings Fund which is having a market value very close to the previous one and it is Rs.2929.35 crores. T
he net asset value is though having a bit of difference and its net asset worth Rs.57348.62 crores. All the funds are having triple ‘A’ or ‘AAA’ ratings which ensure the reliability and credibility of the funds.
Principal Mutual Fund Schemes NAV
| Fund | 52 Week High (Rs.) | 52 Week Low (Rs.) |
| Principal Arbitrage Fund – Growth – Direct Plan | 11.83 | 11.51 |
| Principal Balanced Advantage Fund – Growth – Direct Plan | 24.72 | 19.72 |
| Principal Cash Management Fund – Growth – Direct Plan | 1802.1 | 1735.1 |
| Principal Dividend Yield Fund – Growth – Direct Plan | 67.11 | 39.32 |
| Principal Emerging Bluechip Fund – Growth – Direct Plan | 140.37 | 78.64 |
| Principal Equity Savings Fund – Growth – Direct Plan | 45.31 | 34.22 |
| Principal Focused Multicap Fund – Growth – Direct Plan | 85.75 | 50.83 |
| Principal Global Opportunities Fund – Growth – Direct Plan | 38.77 | 21.35 |
| Principal Hybrid Equity Fund – Growth – Direct Plan | 95.64 | 61.19 |
| Principal Large Cap Fund – Growth – Direct Plan | 11.51 | 9.86 |
NAV of Best Principal AMC Funds
According to the 52-weeks high and 52-weeks low, the fund that achieved the highest price was Principal Cash Management Fund.
It has Rs.1802.1 as the highest price and the lowest was Rs.1735.1. The volatility is not that much present in this fund as depicted from the given price.
Then there is Principal Emerging Bluechip Fund with Rs.140.37 as the 52-week high and Rs.78.64 as the lowest.
There is quite a volatility as both the price are almost half and double each other. The 52-week data is crucial because it helps you understand whether the fund is volatile or not.
Principal AMC Customer Care Details
| Address of AMC | Exchange Plaza, Ground Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East) Mumbai – 400 051 |
| Telephone Number | +91 (22) 67720555 |
| Fax Number | +91 (22) 67720512 |
| customer@principalindia.com |
The customer care service of Principal Mutual Fund AMC is exceptional. They are helping and caring for their investors which makes them run for three decades almost.
Their office is located in the Bandra (EAST) Mumbai. You can mail them at customer@principalindia.com. You can also reach them at the given number above.
Principal AMC – Important Links
| Website | www.principalindia.com |
| Principal Mutual Fund Login | https://www.principalindia.com/ |
| Principal Mutual Fund App | https://play.google.com/store/apps/details?id=com.principalindia.investor&hl=en_IN&gl=US |
| Facebook Link | https://www.facebook.com/PrincipalAssetMY/ |
| Twitter Link | https://twitter.com/Principal |
| Youtube Link | https://www.youtube.com/user/PrincipalFinancial |
Principal Mutual Fund AMC – Conclusion
To conclude, we can say that Principal Mutual Fund AMC is a leading fund house because of the unparalleled returns that it generates.
The returns are unmatchable by any other firm in the market at present even though the market share of this firm is lower than the major fund houses.
Principal Mutual Fund AMC is having expert fund managers who make this possible every time for their investors.
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