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Unrated

Principal Dividend Yield Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.31 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.75 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in companies which have a high dividend yield, which is basically a financial ratio that indicates how much a company pays out in dividends each year relative to its share price.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other dividend yield 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 -3.17 -3.50 -6.23 -4.92 -3.12 6.25 4.64 9.31 8.26 12.30 --
S&P BSE 500 TRI -6.51 -3.65 -7.32 -6.42 -5.90 3.05 4.21 7.60 6.34 12.21 --
Equity: Thematic-Dividend Yield -5.06 -3.27 -6.65 -6.16 -4.41 1.86 -0.25 3.95 4.75 10.59 --
Rank within category 2 5 2 2 3 2 1 1 1 1 --
Number of funds in category 6 6 6 6 6 6 5 5 5 4 0

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.24 (03-Sep-2013 - 10-Sep-2013) -8.97 (19-Aug-2015 - 26-Aug-2015)
Month 18.32 (07-May-2014 - 06-Jun-2014) -13.18 (07-Sep-2018 - 09-Oct-2018)
Quarter 29.82 (21-Feb-2014 - 23-May-2014) -17.18 (30-Nov-2015 - 29-Feb-2016)
Year 66.05 (03-Sep-2013 - 03-Sep-2014) -19.38 (27-Feb-2015 - 29-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 12.27 12.44 0.53 0.79 0.92 0.92
S&P BSE 500 TRI 11.88 12.82 0.48 0.72 -- --
Equity: Thematic-Dividend Yield 8.34 12.18 0.23 0.36 0.88 -2.79
Rank within category 1 3 1 1 3 1
Number of funds in category 5 5 5 5 5 5

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 47
Top 10 Stocks (%) 47.97
Top 5 Stocks (%) 28.80
Top 3 Sectors (%) 50.33
Portfolio P/B Ratio 3.04
Portfolio P/E Ratio 20.91

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 98,566 47,931
Giant (%) 54.91 33.38
Large (%) 20.25 21.38
Mid (%) 11.89 28.05
Small (%) 12.94 17.00
Tiny (%) -- 1.10

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Hindustan Unilever FMCG 69.20 9.12 6.24 8.34
equal Tata Consultancy Services Technology 23.16 6.27 0.00 5.36
equal ITC FMCG 16.21 6.51 3.90 5.26
equal ICICI Bank Financial 33.85 5.29 1.90 5.22
equal Infosys Technology 19.05 4.70 2.13 4.62
equal Reliance Industries Energy 19.42 4.76 1.35 4.49
equal Ultratech Cement Construction 34.49 4.09 0.00 4.09
equal HDFC Bank Financial 24.57 3.77 2.42 3.64
equal BPCL Energy 11.83 4.09 0.00 3.48
equal Bajaj Auto Automobile 15.88 4.15 0.97 3.47
equal Gujarat Gas Chemicals 17.85 2.86 0.00 2.86
equal VST Industries FMCG 22.00 3.13 1.46 2.65
down Navin Fluorine International Chemicals 41.37 2.36 0.00 2.24
equal HCL Technologies Technology 13.89 2.75 0.00 2.21
equal Tata Steel Metals 8.49 2.37 0.00 2.18
equal AIA Engineering Metals 27.85 2.43 0.00 2.15
equal Tech Mahindra Technology 16.47 3.56 0.00 2.07
equal Bajaj Holdings & Inv Financial 11.00 2.33 1.10 2.07
equal Colgate-Palmolive FMCG 43.15 2.70 1.23 2.04
equal State Bank of India Financial 23.02 4.52 1.65 2.02
down Fine Organic Industries Chemicals 41.68 2.29 0.00 1.99
equal Aarti Industries Chemicals 31.51 1.96 1.10 1.96
equal Indraprastha Gas Energy 26.10 1.80 0.94 1.69
equal NOCIL Chemicals 10.28 1.95 0.00 1.63
equal Hindustan Zinc Metals 9.73 1.99 0.82 1.61

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

— Ravi Gopalakrishnan since 11-Oct-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:


-3.50%

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

Growth: ₹ 54.3600

Dividend Half Yearly: ₹ 30.1500


Investment Strategy

The scheme aims to provide capital appreciation by investing predominantly in a well-diversified portfolio of companies that have a relatively high dividend yield.

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 1% for redemption within 365 days

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 10.45%
Benchmark: NIFTY Div Opps 50 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 181 Cr (As on 31-Jan-2020)
Expense: 2.05% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --
Turnover: 38.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly17-Jun-20190.4781

 17-Dec-20180.1062
 16-Jun-20172.9300
 23-Dec-20161.2300
 29-Dec-20142.7400

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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