Principal Mutual Fund is part of the global investment management company - Principal Financial Group. Principal Mutual Fund started business in 2000 in India. Principal Asset Management Private Limited managesmore...
Investment Duration5 years
₹ 0Total Investment
₹ 0Wealth Gained
Total Corpus Created (₹)With CAGR of 11.25 % in 5 years
|Fund Name||Scripbox Opinion||Till Date CAGR|
Principal Asset Management Private Limited manages assets worth 9,520 crores and was set up on 20 November 1994. It's current offering of mutual fund schemes includes 30 equity,31 debt and 16 hybrid funds.
Principal Asset Management Private Limited
Principal Financial Services Inc., USA
20 November 1994
MD & CEO
Mr. Lalit Vij
Mr. Rajat Jain
Principal Trustee Company Pvt. Ltd.
Exchange Plaza, Grd Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East), Mumbai - 400051
ICICI Prudential Asset Management Company Limited
Nippon Life India Asset Management Ltd
UTI Asset Management Co Ltd
SBI Funds Management Private Limited
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Deal to buy out Sundaram Asset Management Company awaits SEBI nod
A deal to buy Sundaram Asset Management Company, a company worth ₹7,447 crores is awaiting SEBI approval. The average asset under management of Principal Mutual fund has risen eight percent since the announcement. The exit of Principal Mutual Fund from India leaves only seven fund houses in the country. Foreign investors in the industry have seen a growing trend of declining margins too.Published: 23rd Aug 2021
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Explore: Best Fund Managers
|Fund Manager||Type Of Fund||Number of Schemes|
|Gurvinder Singh Wasan||Debt||2|
Mr. Jain is currently the (CIO) Chief Investment Officer at Principal Mutual fund. He has been associated with the fund house for more than 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. 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.
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 Aggarwal is the associate fund manager at Principal Mutual Fund. He has more than 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. Mohta has been working with the Principal Mutual Fund since 2009. He is the associate fund manager at Principal Mutual Fund. He has more than 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. 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. Also, her expertise is in primarily managing 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.
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.
Principal Mutual Fund 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 long term, medium term and short term financial goals. The fund managers are guided by trust, integrity and knowledge. The AMC manages approximately an AUM of INR 6,601.5 Cr.
What constitutes the best mutual fund depends on the investor rather 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. That’ll be the perfect match for the investor.
One can invest in Principal Mutual Fund online directly through Scripbox. Alternatively, they can invest in Principal Mutual Fund through the fund houses’ website. Moreover, they can also invest in Principal Mutual Fund through any other online platform or mobile application.
One can stop their SIP in Principal Mutual Fund online by directly visiting the Principal Mutual Fund website, logging in with the folio number, and stopping the SIP. Alternatively, they can also log in to the platform where they started the Principal Mutual Fund investment and stop the SIP.
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.
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