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Principal Balanced Advantage Fund


1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.76 Lakh

Analyst's Choice?

Taxability of earnings:

The tax treatment of this fund may vary depending upon its asset allocation. It will be taxed in the following manner based on its average asset allocation in the last 12 months.

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.53 -0.38 -0.10 -0.57 0.58 3.23 2.05 4.34 4.49 9.25 --
VR Balanced TRI -0.30 0.63 -0.57 -0.72 0.98 8.85 13.08 11.35 7.72 11.23 --
Hybrid: Dynamic Asset Allocation 0.61 -0.93 -0.49 -0.60 1.57 7.38 8.77 6.74 6.53 10.41 --
Rank within category 13 1 3 13 17 22 20 13 10 5 --
Number of funds in category 23 24 24 24 23 23 21 14 11 7 6

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 8.74 (03-Sep-2013 - 10-Sep-2013) -6.58 (14-Aug-2013 - 21-Aug-2013)
Month 14.94 (07-May-2014 - 06-Jun-2014) -7.95 (22-Jul-2013 - 21-Aug-2013)
Quarter 21.19 (21-Feb-2014 - 23-May-2014) -10.31 (28-May-2013 - 27-Aug-2013)
Year 54.03 (03-Sep-2013 - 03-Sep-2014) -13.07 (31-Dec-2010 - 02-Jan-2012)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.94 3.66 -0.20 -0.30 0.30 -2.61
VR Balanced TRI 11.92 10.21 0.61 0.95 -- --
Hybrid: Dynamic Asset Allocation 7.59 6.42 0.29 0.51 0.52 -1.34
Rank within category 15 2 15 15 2 13
Number of funds in category 16 16 16 16 16 16

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 35
Top 10 Holdings (%) 49.20
Top 5 Holdings (%) 35.22
Top 3 Sectors (%) 15.26
Portfolio P/B Ratio 2.53
Portfolio P/E Ratio 19.93

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 2.85 2.85
equal 7.24% IRFC 2021 Bonds AAA 0.00 - 2.82 2.82
equal ICICI Bank 23/03/2020 Certificate of Deposit A1+ 0.00 - 2.75 2.75
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 2.26 2.26
equal 7.74% Bajaj Finance 30/06/2020 Debenture AAA 0.00 - 1.40 1.40
equal 6.25% Federal Bank 181-D Term Deposits -- 0.00 - 1.39 1.39
equal 8.93% Power Grid Corporation 20/10/2020 Bonds AAA 0.00 - 1.13 1.13
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 1.10 1.10
equal 5.95% Canara Bank 182-D Term Deposits -- 0.00 - 1.10 1.10
equal National Housing Bank 22/02/2022 Non Convertible Debenture AAA 0.00 - 0.56 0.56
equal 5.95% Canara Bank 181-D Term Deposits -- 0.00 - 0.55 0.55
equal Axis Bank 30/10/2020 Certificate of Deposit A1+ 0.00 - 0.53 0.53
new Reserve Bank of India 364-D 20/03/2020 Treasury Bills SOV 0.00 - 0.35 0.35

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Financial 18.18 9.91 0.58 9.91
equal Reliance Industries Energy 21.12 9.47 1.04 8.87
equal ITC FMCG 16.65 7.72 0.88 7.72
equal Adani Power Engineering -- 5.22 0.00 5.22
up Sun Pharmaceutical Inds. Healthcare 23.87 4.83 0.73 3.50
up HDFC Bank Financial 25.23 3.30 0.00 3.30
equal Hindustan Unilever FMCG 70.51 5.15 0.53 2.24
down Aurobindo Pharma Healthcare 11.50 9.52 0.42 2.03
equal Axis Bank Financial 42.77 1.81 0.00 1.78
up Punjab National Bank Financial -- 3.98 0.00 1.64
equal ICICI Bank Financial 36.13 8.21 0.80 1.54
equal Dr. Reddy's Lab Healthcare 31.01 1.43 0.00 1.43
up Bharti Airtel Communication -- 2.27 0.00 1.37
equal Ultratech Cement Construction 35.94 1.47 0.00 1.29
equal State Bank of India Financial 24.53 4.32 0.68 1.19
equal SBI Life Insurance Company Financial 67.92 1.15 0.00 1.15
equal M&M Financial Services Financial 14.83 1.11 0.00 1.11
equal Tech Mahindra Technology 18.16 3.89 0.00 1.09
equal Kotak Mahindra Bank Financial 36.78 1.39 0.55 1.05
equal Larsen & Toubro Construction 18.10 2.00 0.71 1.00
equal Infosys Technology 20.72 1.91 0.00 1.00
equal Dabur India FMCG 57.67 1.93 0.00 0.83
equal ICICI Prudential Life Insurance Co. Ltd. Financial 60.84 1.42 0.00 0.82
down Exide Industries Engineering 17.75 0.91 0.00 0.79
equal Tata Consultancy Services Technology 24.50 2.93 0.30 0.79

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Bekxy Kuriakose since 01-Jan-2018

Education: Ms. Kuriakose is a BA (Economics) from Delhi University and PGDM from IIM,Bangalore

Experience: Prior to joining Principal Mutual Fund she has worked with L&T Mutual Fund, Reliance Life Insurance Co. Ltd ,SBI Mutual Fund and Tata Administrative Services

Funds Managed:

— Ravi Gopalakrishnan since 29-Jul-2019

Education: Mr. Gopalakrishnan is an MBA from Bradley University, USA and Masters in Finance (Investments) from Drexel University, USA.

Experience: Prior to joining Principal Mutual Fund, he has worked with Canara Robeco AMC, PGIM India Mutual Fund, Hudson Fairfax Group,USA, and Sun F & C Asset Management Ltd.

Funds Managed:


-0.38%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 20.7700

Dividend Monthly: ₹ 13.2000


Investment Strategy

The scheme seeks to generate long term capital appreciation with relatively lower volatility by allocation of funds into equity assets based on Price Earning Ratio (PE Ratio) levels. When the markets become expensive in terms of 'Price to Earnings' Ratio'; the scheme will reduce its allocation to equities and move assets into debt and/or money market instruments and vice versa.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0.25% for redemption within 7 days

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 16-Dec-2010
Return Since Launch: 8.27%
Benchmark: NIFTY 100 TRI (50), CRISIL Short-Term Bond (35), NIFTY 50 Arbitrage (15)
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 180 Cr (As on 31-Jan-2020)
Expense: 2.13% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Below Average
Turnover: 53.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly17-Feb-20200.0718

 17-Jan-20200.0722
 17-Dec-20190.0838
 15-Nov-20190.0848
 17-Oct-20190.0840
 17-Sep-20190.0843
 16-Aug-20190.0849
 17-Jul-20190.0861
 17-Jun-20190.0968
 17-May-20190.0985
 16-Apr-20190.1001
 15-Mar-20190.0994
 15-Feb-20190.0998
 17-Jan-20190.1008
 17-Dec-20180.1093
 16-Nov-20180.1108
 17-Oct-20180.1108
 17-Sep-20180.1139
 17-Aug-20180.1141
 17-Jul-20180.1137
 15-Jun-20180.1212
 17-May-20180.1216
 17-Apr-20180.1218
 16-Mar-20180.1378
 16-Feb-20180.1396

Contact Information

AMC: Principal Asset Management Pvt. Ltd.

Address: Exchange Plaza - 2rd Floor - NSE Building, "B" Wing-Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022-67720555 / 1800-425-5600

Fax: 022-67720512

Email: [email protected]

Website: www.principalindia.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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