Principal Asset Management Company Private Limited Mutual Funds Investments

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About Principal Mutual Fund

Principal Mutual Fund is part of the global investment management company - Principal Financial Group. Principal Mutual Fund was initially known as IDBI Principal Mutual Fund. However, Principal and IDBI are no longer associated with each other.

Also, in 2004, PNB and Vijaya Bank became shareholders of the Principal Trustee Company. The AMC used to function as a joint venture between Punjab National Bank and Principal Financial. Later, PNB sold its entire share to Principal Group.

Principal Mutual Fund started business in 2000 in India. It serves over five lakhs customers and has a large network of 20,000 empanelled distributors. The fund house offers products that serve a long term, medium term and short term financial goals. 

The team at the AMC is guided by trust, integrity and knowledge. The fund managers use a research based and disciplined approach to design investment products. These best suit different investors with different income levels and portfolios. So, be it a newbie to financial planning or an experienced investor, Principal Mutual Fund has products for everyone.

Investment Policy

Principal Mutual Fund aims to diversify investment options to a variety of investment needs.

Equity Investment Policy

The fund house believes that fundamentals of a company reflect its share price, in the medium to long term. Therefore, it uses the bottom-up stock selection. Additionally, the risk management techniques adopted by the fund house helps in consistent outperformance of the funds. The analysts and fund managers constantly monitor the companies. They aim to identify the ones with attractive relative valuations and improving fundamentals.

Fixed Income Investment Policy

Principal Mutual Fund aims to ensure that returns from fixed income investments are well compensated for liquidity risk, credit risk and interest rate risk. The team of fund managers actively monitor macroeconomic factors and company specific fundamentals. Thus derived inputs are used to manage the fund portfolios actively.

The investment manager of Principal Mutual Fund is Principal Asset Management Pvt. Ltd. The AMC manages approximately an AUM of INR 6,601.5 Cr across equity and debt funds.

How to Invest in Principal Mutual Funds via Scripbox?

Scripbox enables online mutual fund investment at a click of a mouse. One has to follow the steps below to invest in mutual funds.

Step 1 – Visit Scripbox and Begin the Investment Journey

On the Scripbox’s homepage, click on "Let's get started". This displays a list of investment options based on life goals.

Investors can choose a financial goal(s) that best suit them to invest in mutual funds.

Click on the “Continue” button to proceed with the mutual fund investment.

Step 2 – Signup and Create an Account

In this step, one has to create an account with Scripbox. They can use their email id to do so. Upon logging in, different payment options, and the amount of investment will be available.

Enter the amount one is willing to invest.

Next, they have to select from "Every month SIP" or "One-time" payment options depending on their cash flow.

Scripbox’s online SIP calculator can be used to calculate their potential SIP returns.

To see the recommended funds click on "See Recommended Funds" button and proceed for investment.

Step 3 – Check the Plan and Fund Allocation

In this step, a list of mutual funds and the allocated amount for each of the mutual funds in the selected plan is displayed. Check all the details before proceeding ahead.

One can change the fund and investment amount by clicking on the option, "I want to change Funds/ Amount”.

Click on the "Next" button to make payment.

Step 4 – Bank Details and Money Transfer

This step requires the investor's bank account and PAN details to process the mutual fund investment. Scripbox provides a secure environment. The bank details will only be used for investing and crediting the redemption proceeds only.

KYC Required to Invest in Principal AMC via Scripbox

KYC stands for Know Your Customer. It is used to identify a client. SEBI prescribes the KYC requirements. Investors must be KYC compliant. Only then they can invest in SEBI registered mutual funds. A KYC form includes details of address, identity, demographics, financial status, and occupation of a person.

One can get their KYC online with Scripbox. A Resident Indians and PIO residing in India would need the following documents for KYC:

  • Photograph
  • Pan Card
  • Address proof (Aadhar Card (Both Front & Back)/Driving License/Passport/Voter ID Card)
  • KYC Authorisation Letter. (Please write on a while plain sheet of paper that “I authorise Scripbox to do my mutual fund KYC” & sign below it)
  • Video Selfie: Record a video by facing the camera for 5 seconds

Investors need to upload clear colour scanned copies of their KYC documents at the time of registration itself. Alternatively, they could also share their KYC documents at help@scripbox.com or Whatsapp it to us on +91-8884448026.

Top Principal Mutual Funds

Below are the top Principal Mutual Funds

Scheme Category AUM in Cr (As on 30th June 2020)
Principal Cash Management Fund (G) Debt: Liquid Rs 146 Cr
Principal Ultra Short Term Fund (G) Debt: Ultra Short Duration Rs 140 Cr
Principal Emerging Bluechip Fund (G) Equity: Large and Mid Cap Rs 1,918 Cr
Principal Multi Cap Growth Fund (G) Equity: Multi Cap Rs 608 Cr
Principal Tax Savings (G) Equity: ELSS Rs 366 Cr

 

Top Equity Principal Mutual Funds

Below are the top equity Principal Mutual Funds

Scheme Category AUM in Cr (As on 30th June 2020)
Principal Dividend Yield Fund (G) Equity: Thematic Dividend Yield Rs 161 Cr
Principal Emerging Bluechip Fund (G) Equity: Large and Mid Cap Rs 1,918 Cr
Principal Focused Multicap Fund (G) Equity: Multi Cap Rs 385 Cr
Principal Multi Cap Growth Fund (G) Equity: Multi Cap Rs 608 Cr

 

Top Debt Principal Mutual Fund

Below are the top debt Principal Mutual Funds

Scheme Category AUM in Cr (As on 30th June 2020)
Principal Cash Management Fund (G) Debt: Liquid Rs 146 Cr
Principal Ultra Short Term Fund (G) Debt: Ultra Short Duration Rs 140 Cr

 

Top ELSS Principal Mutual Funds

Below is the top tax saver Principal Mutual Funds (ELSS Fund)

Scheme Category AUM in Cr (As on 30th June 2020)
Principal Tax Savings (G) Equity: ELSS Rs 366 Cr

 

Top Fund Managers

Equity Fund Managers

Mr. Rajat Jain

Mr. Jain is currently the (CIO) Chief Investment Officer at Principal Mutual fund. He has been associated with the fund house for over 16 years. He has more than 29 years of experience in Investment Management. Mr. Jain currently leads the overall strategy and also monitors the investments at the fund house. Prior to joining the AMC, he was associated with SBI Mutual Fund as Chief Investment Officer. He holds a Mechanical Engineering degree from NIT Allahabad. Mr. Jain also holds a PGDM from IIM, Lucknow. He manages the Principal Global Opportunities Fund, Principal Nifty 100 Equal Weight Fund, and Principal Arbitrage Fund.

Mr. Ravi Gopalkrishnan

Mr. Gopalkrishnan is currently the Head of Equity at the AMC. He has more than 25 years of experience in asset management and research. He managed many Large Cap, Mid Cap and Multi Cap funds. Prior to joining Principal Mutual Fund, he was with Canara Robeco AMC, Sun F&C AMC, and Pramerica AMC. Also, he has a sound knowledge of fund management and robust research expertise. Mr. Gopalakrishnan holds an M.S. Finance (Investments) degree and also an M.B.A degree.

He manages Principal Focused Multicap Fund, Principal Balanced Advantage Fund (hybrid fund), Principal Hybrid Equity Fund, Principal Multi Cap Growth Fund, Principal Dividend Yield Fund, Principal Emerging Bluechip Fund, and Principal Midcap Fund. Some of the other funds he managers are Principal Retirement Savings Fund and Principal Small Cap Fund.

Sudhir Kedia

Mr. Kedia has more than 13 years of experience and is currently the Fund Manager at Principal Mutual Fund. He has a strong research background and a good understanding of asset management. He has managed many hybrid funds and multi cap funds over the years. Mr. Kedia previously worked with Mirae AMC and ASK Investment Managers. He is a Chartered Accountant and a CWA. Mr. Kedia also holds an MBA degree. He manages the Principal Equity Savings Fund, Principal Midcap Fund, and Principal Tax Savings Fund.

Mr. Ashish Aggarwal

Mr Aggarwal is the associate fund manager at Principal Mutual Fund. He has over 15 years’ experience across the buy and sell side. Before joining Principal Mutual Fund, he worked with IL&FS Investsmart, Tata Securities and Antique Stock Broking. He holds a BE degree and PGPM. He manages the Principal Hybrid Equity Fund.

Mr. Siddarth Mohta

Mr. Mohta has been working with the Principal Mutual Fund since 2009. He is the associate fund manager at Principal Mutual Fund. He has over 14 years' experience in Finance and Stock Markets. Before joining Principal Mutual Fund, he worked with Adventity Global Services, ICRA Management Consulting Services, and Polaris Software Ltd. Mr. Mohta is a B.Com degree holder. He also holds a Post Graduate Diploma in Management in Finance and Certified Financial Risk Management.  He manages the Principal Mid Cap Fund, Principal Multi Cap Fund and Principal Small Cap Fund.

Ms. Rupali Pandit

Ms. Pandit is a dealer of equity at Principal Mutual Fund. She has over 19 years' experience in equity dealing. Before joining Principal Mutual Fund, she worked with ABN AMRO Asset Management (India) Limited, IL&FS Asset Management Company Limited and GIC Mutual Fund. She holds a B.Com degree. She is also a Chartered Accountant (Intermediate).

Debt Fund Managers

Ms. Bekxy Kuriakose

Ms. Kuriakose is currently the Head of Fixed Income at the fund house. She has more than 18 years of experience in research, fund management and dealing. Her expertise is in primarily managi ng Fixed Income Funds. Previously she worked with L&T Mutual Fund as the Assistant Vice President and Fund Manager at  SBI Mutual Fund and Reliance Life Insurance. Ms. Kuriakose holds a degree in Economics (Hons) and also a PGDM from IIM Bangalore.

She manages Principal Dynamic Bond Fund, Principal Balanced Advantage Fund, Principal Cash Management Fund, Principal Low Duration Fund, and Principal Ultra Short Term Fund. She also manages the Principal Hybrid Equity Fund.

Gurvinder Singh Wasan

Mr. Singh is the Fund Manager at the AMC and has more than 14 years of experience in credit analysis, fixed income markets and structured finance. His prior associations were with CRISIL Ltd. and ICICI Bank Ltd. Mr. Singh holds a masters degree in Commerce. He is also a Chartered Accountant and CFA from CFA Institute, USA. He manages the Principal Credit Risk Fund, Principal Short Term Debt Fund, and Principal Equity Savings Fund.

Mr. Paras Mehta

Mr. Mehta is a dealer of fixed income at Principal Mutual Fund. He has over 3.5 years of experience in the investment team as a fixed income dealer. Before joining Principal Mutual Fund, he worked with SBI Pension Funds Pvt Ltd. He also holds a master's degree in Commerce.

Key information about Principal AMC

Mutual fund Principal Mutual Fund
Founded November 25, 1994
Incorporated November 20, 1991
Sponsor Principal Financial Services Inc., USA
Trustee Principal Trustee Company Pvt. Ltd.
Chairman Mr. Mukund Chitale
MD and CEO Mr. Lalit Vij
CIO Mr. Rajat Jain
Compliance Officer Ms. Richa Parasrampuria
Investor Service Mr. Hariharan Iyer
AUM INR 6,729.79 lakh crore (Dec 2019)

 

Principal AMC Contact Details

Auditors B S R & Co. LLP (Principal Mutual Fund) S. R. Batliboi & Associates LLP (Principal Pnb AMC)
Custodians SBI-SG Global Securities Services Private limited
Registrars Karvy Computershare Private Limited
Address Exchange Plaza, Grd Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East), Mumbai - 400051
Telephone Nos. 022-67720555
Fax Nos. 022-67720512
E-mail customer@principalindia.com
Website https://www.principalindia.com/

 

Frequently Asked Questions

How to invest in a Principal mutual fund?

One can invest in Principal Mutual Fund either through online or offline mode. They can invest offline by visiting the nearest branch of Principal Mutual Fund. Or they can also invest through an investment advisor (intermediary).

Investors can invest online by logging in to the Principal Mutual Fund website. Or they can also invest through the multiple online portals like Scripbox.

How to stop sip in Principal mutual fund?

One can stop a mutual fund SIP investment online or offline. They can send a letter to Principal mutual fund or CAMS for the same. Alternatively, they can log in to their Principal Mutual Fund account online and stop the SIP. Online portals can also help in stopping the SIP investment of their clients. It takes 30 days for the request to process.

Instead of stopping the SIP, there is an option to pause the SIP as well. They can start the SIP back whenever needed.

How to withdraw Principal mutual fund?

One can withdraw/redeem their investment in Principal Mutual Fund through online and offline. Once the investment is redeemed, the account will be credited with the money within three days for equity funds, two days for debt funds, and one day for liquid funds.

How to increase the sip amount in Principal mutual fund?

One can increase their SIP amount either by stopping the existing SIP and starting a new SIP with the new amount. Or they can let the ongoing SIP continue and start a new SIP in the same fund with the additional amount. So there will be two SIPs in one fund. If one hasn't started investing yet, they can always opt for a SIP top-up option. It lets investors top-up SIP with a certain amount or a certain percentage every year. This will boost mutual fund SIP returns.

Is Principal Mutual Fund good?

Principal Mutual Fund is part of the global investment management company - Principal Financial Group. It has over 20 years of industry presence. It serves over five lakhs customers and has a large network of 20,000 empanelled distributors. The fund house offers products that serve a long term, medium term and short term financial goals. The fund managers are guided by trust, integrity and knowledge. Be it a newbie to financial planning or an experienced investor, Principal Mutual Fund has products for everyone. The investment manager of Principal Mutual Fund is Principal Asset Management Pvt. Ltd. The AMC manages approximately an AUM of INR 6,601.5 Cr across equity and debt funds.

Some of the well-known debt funds are Principal Cash Management Fund, Principal Ultra Short Term Fund, and Principal Low Duration Fund. Equity funds are Principal Emerging Bluechip Fund, Principal Multi Cap Growth Fund and Principal Credit Risk Fund. 

Which Principal Mutual Fund is the best?

What constitutes the best mutual fund depends on the investor than the fund house. Certainly, there are a few top performing funds for every fund house. However, there is no guarantee that they suit all investors. An investor has to align his/her goals with that of the investment objective. He/she should be able to understand and absorb the risk in the fund. That'll be the perfect match for the investor. However, there are a few top performing Principal Mutual Funds. The top performing debt funds are Principal Cash Management Fund and Principal Ultra Short Term Fund. And, in the equity category, Principal Emerging Bluechip Fund, Principal Multi Cap Growth Fund and Principal Tax Savings Fund.