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Principal Hybrid Equity Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.29 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.75 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

Aggressive hybrid funds invest 65-80% of your money in equity shares and the rest in bonds and commodities. Their returns are slightly lower than pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to its sharp ups and downs.

Like all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • 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 10% (effectively 11.648%, 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 -2.30 -2.61 -4.59 -2.81 -2.30 4.31 2.97 8.96 9.06 13.81 --
VR Balanced TRI -6.38 -3.12 -6.09 -5.10 -5.57 2.07 5.69 9.04 6.35 10.77 --
Hybrid: Aggressive Hybrid -2.55 -2.44 -4.87 -3.45 -2.08 5.42 7.86 6.98 6.99 13.05 --
Rank within category 17 35 12 14 26 27 35 9 5 10 --
Number of funds in category 44 44 44 44 43 43 40 32 25 22 0

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.19 (25-Feb-2016 - 03-Mar-2016) -7.02 (17-Aug-2015 - 24-Aug-2015)
Month 14.91 (07-May-2014 - 06-Jun-2014) -9.46 (12-Jan-2016 - 11-Feb-2016)
Quarter 22.20 (11-Mar-2014 - 10-Jun-2014) -12.36 (26-Nov-2015 - 25-Feb-2016)
Year 54.93 (03-Sep-2013 - 03-Sep-2014) -12.10 (25-Feb-2015 - 25-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 11.11 9.72 0.56 0.98 0.82 0.28
VR Balanced TRI 11.92 10.21 0.61 0.95 -- --
Hybrid: Aggressive Hybrid 9.48 9.77 0.40 0.61 0.83 -1.37
Rank within category 11 19 10 5 17 9
Number of funds in category 33 33 33 33 33 33

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 59
Top 10 Holdings (%) 34.55
Top 5 Holdings (%) 23.28
Top 3 Sectors (%) 45.53
Portfolio P/B Ratio 2.73
Portfolio P/E Ratio 23.09

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 9.55% Hindalco Inds. 27/07/2022 Bonds/NCDs AA 1.47 - 1.88 1.88
equal 8.23% IRFC 29/03/2029 Debenture AAA 0.00 - 1.75 1.75
equal 8.70% HDFC 15/12/2020 Debenture AAA 1.33 - 1.71 1.71
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 1.17 - 1.54 1.54
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.37 1.21
new Astec Lifesciences 59-D 20/03/2020 Commercial Paper A1+ 0.00 - 1.12 1.12
new Oriental Bank of Com. 13/03/2020 Certificate of Deposit A1+ 0.00 - 0.87 0.87
equal Vardhman Special Steels 58-D 13/02/2020 Commercial Paper A1+ 0.00 - 0.84 0.84
up 6.84% GOI 19/12/2022 GOI Securities SOV 0.41 - 1.09 0.78
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 0.75 0.75
equal 7.74% Bajaj Finance 30/06/2020 Debenture AAA 0.00 - 0.73 0.73
new 7.25% The Ramco Cements 20/12/2021 Debenture AA+ 0.00 - 0.73 0.73
new Indian Oil Corp. 66-D 10/02/2020 Commercial Paper A1+ 0.00 - 0.73 0.73
equal 9.15% ICICI Bank Debenture AA+ 0.54 - 0.71 0.71
new IDFC First Bank 2020 Certificate of Deposit A1+ 0.00 - 0.69 0.69
down 7.72% GOI 25/05/2025 Central Government Loan SOV 0.00 - 1.10 0.61
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 0.61 0.61
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 1.21 0.60
new Indusind Bank 20/04/2020 Certificate of Deposit A1+ 0.00 - 0.58 0.58
equal 7.14% REC 2021 Bonds AAA 0.00 - 0.52 0.52
new SAIL 91-D 17/02/2020 Commercial Paper A1+ 0.00 - 0.47 0.47
equal 7.57% Ultratech Cement 2021 Debenture AAA 0.00 - 0.37 0.37
equal 7.60% ICICI Bank 2023 Bonds AAA 0.00 - 0.37 0.37
equal 8.94% Gujarat State 24/09/2024 State Development Loan SOV 0.00 - 0.32 0.32
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.00 - 0.29 0.29

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
down HDFC Bank Financial 24.57 6.76 1.18 6.17
down ICICI Bank Financial 33.85 5.73 1.16 5.37
down Reliance Industries Energy 19.42 5.87 0.49 5.15
down Infosys Technology 19.05 3.68 0.00 3.68
equal HDFC Financial 17.28 2.91 0.00 2.91
down Kotak Mahindra Bank Financial 35.49 3.29 0.67 2.41
down ITC FMCG 16.21 2.83 0.51 2.32
equal GSK Consumer Healthcare FMCG 34.37 2.24 0.00 2.24
equal Hindustan Unilever FMCG 69.20 2.65 0.69 2.21
equal Dabur India FMCG 57.13 2.27 0.96 2.09
equal Larsen & Toubro Construction 17.00 2.33 0.79 2.07
equal Bharti Airtel Communication -- 1.99 0.00 1.99
down Tata Consultancy Services Technology 23.16 2.72 0.43 1.97
up State Bank of India Financial 23.02 3.25 1.06 1.72
down Axis Bank Financial 41.06 1.88 0.00 1.70
down Max Financial Services Financial 49.87 1.79 0.00 1.66
down Indian Railway Catering & Tourism Corpn. Services 91.24 1.37 0.00 1.37
equal Ultratech Cement Construction 34.49 1.48 0.00 1.34
equal Indusind Bank Financial 17.01 1.41 0.00 1.22
down Maruti Suzuki India Automobile 30.70 1.69 0.00 1.16
up Bajaj Finance Financial 49.25 1.15 0.00 1.15
down Tech Mahindra Technology 16.47 1.48 0.30 1.05
equal SBI Life Insurance Company Financial 65.93 1.98 0.00 1.02
equal MRF Automobile 27.10 0.94 0.00 0.94
equal Astral Poly Technik Chemicals 66.56 0.89 0.00 0.89

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 21-Mar-2016

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:

— Ashish Aggarwal since 14-Oct-2019

Education: Mr. Aggarwal has done BE, PGPM

Experience: Prior to joining Principal Asset Management Private Limited, he has worked with IL&FS Investsmart, Tata Securities and Antique Stock Broking.


-2.61%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 80.6500

Dividend Monthly: ₹ 29.3100


Investment Strategy

The scheme seeks long-term capital appreciation and current income from a balanced portfolio of equity and debt securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load For units in excess of 24% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 12.54%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,371 Cr (As on 31-Jan-2020)
Expense: 0.81% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 32.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly17-Jul-20190.1328

 17-Jun-20190.0354
 17-May-20190.0885
 16-Apr-20190.0620
 15-Mar-20190.0708
 17-Jan-20190.2632
 16-Nov-20180.2615
 17-Oct-20180.2595
 17-Sep-20180.2800
 17-Aug-20180.2804
 17-Jul-20180.2760
 15-Jun-20180.2797
 17-May-20180.2843
 17-Apr-20180.2838
 16-Mar-20180.3152
 16-Feb-20180.3251
 17-Jan-20180.3416
 15-Dec-20170.3297
 17-Nov-20170.3340
 17-Oct-20170.3211
 15-Sep-20170.3199
 17-Aug-20170.3152
 17-Jul-20170.1848
 16-Jun-20170.1839
 17-May-20170.1807

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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