Principal Mutual Fund

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

How to Invest in Principal Mutual Funds?

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

• 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.
• 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.
• 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.
• 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

You can upload clear colour scanned copies of your KYC documents during the registration itself. Or,
If you are an existing Scripbox user, you can message on Scripbox’s WhatsApp number +91-8884448026 or email your KYC documents to help@scripbox.com.

How to Download Mutual Fund Investment Statement?

The following steps will guide you to download your Principal Mutual Fund investment statement using the Scripbox App:

• Firstly, using your Scripbox credentials login to your account in the Scripbox App.
• Then, at the right hand side corner select ‘Profile’ tab and click on ‘Investment History’ option to get all previous transactions.
• Finally, scroll down and click on ‘Email me’ to get the statement in your email. Open your registered email and click on the link to download the mutual fund statement in excel format.

The mutual fund statement will have the following details:

1. Orders Tab: The sheet includes transaction details including name of the fund, name of the investor, folio number, investment amount, NAV, date of investment, STT, etc.
2. Current Holding Tab: This sheet includes a summary of mutual funds in your portfolio and has details like name of the fund, number of units, current valuation, folio number and purpose.

Top Principal Mutual Fund Managers

Fund Manager	Type Of Fund	Number of Schemes
Rajat Jain	Equity	3
Ravi Gopalkrishnan	Equity	8
Sudhir Kedia	Equity	4
Ashish Aggarwal	Equity	1
Siddarth Mohta	Equity	2
Bekxy Kuriakose	Debt	5
Gurvinder Singh Wasan	Debt	2

Explore: Best 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 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. 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.

Mr 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 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. 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 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. 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. 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 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.

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