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Principal Mutual Fund, a part of global investment management company Principal Financial Group brings on board the financial strength and global experience of over 140 years to India. Principal Asset Management Company (AMC) in India offers various mutual fund schemes as a mix of short term, mid term and long term investment options to suit various income levels and portfolios.
Lalit Vij is the Managing Director of the AMC attempts to meet the needs of both new and experienced investors. Fund Managers constantly monitor the mutual fund investment and returns in continuously shifting markets by revisiting their offerings of investment plans, schemes and business models.
Table of Content:
Mutual Funds from Principal Asset Management Company
The core of their investment philosophy is integrity and clarity. While they prefer medium to long-term investment in equities, in case of fixed income, they also make sure that the interest rate risks, credit risks and liquidity risks are compensated.
Principal Asset Equity Mutual Funds
To sort the long-term investment goals, Principal Asset Management Company powers the Equity Mutual Funds with higher returns accrued at maturity. These funds invest for a longer period of time which means they give enough time for a fund to give benefiting returns. Some popular Principal Asset Equity Mutual Funds are:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Principal Emerging Bluechip Fund | 5.62 | 11.92 | 94.43 | 2236.32 |
| Principal Focused Multicap Mutual Fund | 9.21 | 9.85 | 67.85 | 333.15 |
| Principal Tax Saving Fund | 7.5 | 10.03 | 205.07 | 415.33 |
| Principal Focused Multicap Fund | 9.21 | 9.85 | 67.85 | 333.15 |
| Principal Small Cap Fund | – | – | 9.67 | 116.31 |
Principal Debt Mutual Funds
Risk-averse investors can easily opt for investments into Principal Debt Mutual Funds. These funds do not follow a balanced portfolio as the major portion of resources are placed into Fixed-income securities. Steady income, Liquidity, capital appreciation and minimal risk are some of the best features of Debt Funds by Principal AMC:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Principal Credit Risk Fund | 5.29 | 6.85 | 2900 | 89.28 |
| Principal Dynamic Bond Fund | 3.31 | 6.76 | 31.21 | 59.54 |
| Principal Ultra Short Term Fund | 5.55 | 6.81 | 2112.67 | 64.93 |
| Principal Short Term Debt Fund | 4.12 | 6.5 | 32.43 | 223.66 |
Principal Hybrid Mutual Funds
Hybrid Mutual Funds, also known as asset allocation funds, follow a more diverse portfolio with resources allocated in equities as well as debt securities. However, the proportion and ratio may vary from fund to fund. The Hybrid Funds investing more into Equities are called Aggressive Hybrid Funds whereas the Funds investing more into debts are called Conservative Hybrid Funds. Top Principal Hybrid Mutual Funds are:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Principal Hybrid Equity Fund | 9.74 | 11.15 | 79.63 | 1744.05 |
| Principal Equity Savings Fund | 6.65 | 7.38 | 38.65 | 58.95 |
| Principal Balanced Advantage Fund | 5.95 | 7.05 | 20.13 | 222.81 |
| Principal Arbitrage Fund | 3.36 | – | 11.44 | 5.6 |
| Principal Retirement Savings Fund | 5.46 | – | 12.91 | 0.82 |
How to Invest in Principal Mutual Funds via Paisabazaar.com?
Step 1: On Paisabazaar.com, select the ‘Mutual Fund‘ option.
Step 2: Select the ‘Mutual Fund’ option.
Step 3: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 4: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 5: Select the Principal Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 6: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 7: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to Complete Your KYC Check for MF from Principal AMC?
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Company)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of Principal Mutual Fund or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Passport
- Recent Utility Bill
- Rental/Lease Agreement
Fund Managers in Principal Asset Management Pvt. Ltd.
Rajat Jain
Rajat Jain is associated with Principal AMC for more than 16 years. He is into the investment management domain since 29 years. Jain monitors and manages the portfolio strategies in Principal Asset Management Pvt. Ltd.. Previously, He has also worked with SBI Mutual Fund as a Chief of investments
Bekxy Kuriakose
Bekxy is working as the head of investments in Principal AMC. For more than 18 years, Bekxy is serving in the domain of dealing, research and management of Funds. Bekxy primarily manages the Fixed Income Funds and has previously worked as VP for L&T Mutual Fund, as Fund Manager with Reliance Life Insurance and SBI Mutual Fund.
Dhimant Shah
Dhimant is serving as a Sr.Fund Manager (Equity) in Principal AMC. He is a skilled Fund Manager with more than 20 years of experience in the stock market. Before joining Principal Mutual Funds, Dhimant also worked at HSBC Asset Management (Fund Manager), Reliance Capital Asset Management, ASK Raymond James Securities Pvt. Limited & UTI Asset Management Company Ltd.
Gurvinder Singh Wasan
Gurvinder’s fields of mastery are Fixed Income markets, credit analysis and structured finance. He has over 14 years of experience in the Finance Industry. He was an alumnus of CRISIL Limited and ICICI Bank Limited before he joined Principal AMC.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Read About: Costs Associated with Mutual Funds
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.