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3 star

Principal Balanced Advantage Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.29 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.26 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.

These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.

Like for 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 balanced hybrid fund, if you need to redeem your investment in less than five years."

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 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 12.06 0.40 0.43 -0.71 1.12 5.57 13.56 8.92 8.92 7.72 --
VR Balanced TRI 19.48 -1.45 -0.71 -4.42 -2.03 7.79 24.91 16.40 15.25 10.88 --
Hybrid: Dynamic Asset Allocation 15.91 0.58 0.35 -1.27 0.90 6.85 18.32 12.80 10.90 9.52 --
Rank within category 18 26 11 4 9 16 19 17 11 9 --
Number of funds in category 25 29 29 28 27 26 25 18 12 10 0

As on 07-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Principal Balanced Advantage Fund - Direct Plan
3 star
Jan-13 13.56 8.92 8.92 0.77% 292
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
Jan-13 17.03 13.75 12.56 1.00% 36,816
Kotak Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Aug-18 16.17 14.53 -- 0.45% 11,813
Edelweiss Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 22.52 18.08 15.74 0.45% 6,331
Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Jan-13 16.66 13.94 11.78 0.59% 6,281

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 8.79 03-Sep-2013 - 10-Sep-2013 -6.72 16-Mar-2020 - 23-Mar-2020
Month 14.92 07-May-2014 - 06-Jun-2014 -12.55 20-Feb-2020 - 23-Mar-2020
Quarter 21.41 21-Feb-2014 - 23-May-2014 -11.77 23-Dec-2019 - 23-Mar-2020
Year 55.18 03-Sep-2013 - 03-Sep-2014 -10.73 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.53 7.55 0.63 0.69 0.39 -0.15
VR Balanced TRI 16.35 17.90 0.70 0.83 -- --
Hybrid: Dynamic Asset Allocation 12.60 12.26 0.72 0.80 0.63 0.95
Rank within category 18 1 13 14 1 15
Number of funds in category 19 19 19 19 19 19

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

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 75
Top 10 Holdings (%) 31.51
Top 5 Holdings (%) 19.35
Top 3 Sectors (%) 13.69
Portfolio P/B Ratio 3.37
Portfolio P/E Ratio 28.80
Avg Credit Rating GOI/Cash

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 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 2.17 1.73
new 4.26% GOI 17/05/2023 GOI Securities SOV 0.00 - 1.71 1.71
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 1.85 1.70
equal 6.97% GOI 2026 GOI Securities SOV 1.07 - 1.58 1.07
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 0.00 - 1.11 1.02
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.30 0.72
up 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 0.71 0.71
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 0.97 0.70
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.00 - 1.05 0.69
equal Axis Finance 168-D 18/11/2021 Commercial Paper A1+ 0.00 - 0.74 0.68
equal 5.15% GOI 2025 GOI Securities SOV 0.64 - 1.20 0.68
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.68 - 1.37 0.68
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 0.37 - 0.75 0.37
equal 8.08% Karnataka State 2025 State Development Loan SOV 0.00 - 0.55 0.37
equal 8.06% Maharashtra State 2025 State Development Loan SOV 0.00 - 0.71 0.37
equal 8.25% Maharashtra State 2025 State Development Loan SOV 0.37 - 0.76 0.37
equal NTPC 2023 Bonds AAA 0.36 - 0.75 0.36
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 0.54 0.36
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 0.40 0.35
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 1.06 0.35
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 0.40 0.35
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 0.52 0.35
equal 7.02% Maharashtra State 27/09/2022 State Development Loan SOV 0.00 - 0.44 0.35
equal 7.24% Indian Railway Finance Corporation 2021 Bonds AAA 0.34 - 0.70 0.34
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.34 - 0.69 0.34

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 Reliance Industries Energy 30.82 9.47 1.04 5.35
equal ICICI Bank Financial 24.03 6.65 1.03 5.35
equal Tata Motors Automobile -- 3.01 0.00 3.01
equal Infosys Technology 34.47 4.84 0.77 2.85
equal HDFC Bank Financial 24.70 5.24 1.48 2.79
equal State Bank of India Financial 14.85 4.14 1.01 2.76
equal Divi's Laboratories Healthcare 57.47 3.03 0.00 2.69
equal Axis Bank Financial 21.07 3.83 0.00 2.47
equal Tech Mahindra Technology 30.09 2.64 0.00 2.37
equal HDFC Financial 24.48 9.91 1.36 1.87
up Hindustan Unilever FMCG 64.96 2.29 0.64 1.72
equal Tata Consultancy Services Technology 36.25 3.65 0.79 1.69
equal Hindalco Inds. Metals 9.94 1.78 0.00 1.49
equal Bharti Airtel Communication 135.72 3.45 0.67 1.42
equal Indusind Bank Financial 18.30 2.43 0.00 1.15
equal Dixon Technologies Engineering 165.58 1.09 0.00 1.09
equal Dr. Reddy's Lab Healthcare 38.42 2.36 0.00 1.04
equal ACC Construction 20.56 1.99 0.00 1.00
equal Larsen & Toubro Construction 28.85 1.45 0.80 0.94
equal Bajaj Finance Financial 86.22 1.11 0.00 0.79
equal Bajaj Finserv Financial 64.45 0.80 0.00 0.73
equal Maruti Suzuki India Automobile 51.70 5.65 0.00 0.68
equal Mphasis Technology 43.23 0.70 0.00 0.67
equal TCI Express Ltd. Services 62.42 0.88 0.00 0.63
equal Sona BLW Precision Forgings Automobile 206.59 0.59 0.00 0.59

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-Oct-2021

Fund Manager

— 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.

Interviews:

Funds Managed:

— 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

Interviews:

Funds Managed:


0.40%

Change from previous, NAV as on 07-Dec-2021

Growth: ₹ 27.8800

IDCW Monthly: ₹ 16.7500


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
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 7 days

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 10.29%
Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 292 Cr (As on 31-Oct-2021)
Expense: 0.77% (As on 31-Oct-2021)
Risk Grade: Low
Return Grade: Below Average
Turnover: 22.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly17-Nov-20210.0663

 14-Oct-20210.0659
 17-Sep-20210.0654
 17-Aug-20210.0644
 16-Jul-20210.0637
 17-Jun-20210.0634
 17-May-20210.0621
 16-Apr-20210.0619
 17-Mar-20210.0616
 17-Feb-20210.0617
 15-Jan-20210.0613
 17-Dec-20200.0774
 17-Nov-20200.0762
 16-Oct-20200.0753
 17-Sep-20200.0750
 17-Aug-20200.0750
 17-Jul-20200.0740
 17-Jun-20200.0873
 15-May-20200.0845
 17-Apr-20200.0844
 17-Mar-20200.0782
 17-Feb-20200.0809
 17-Jan-20200.0813
 17-Dec-20190.0943
 15-Nov-20190.0953

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: http://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

Upcoming Video

Investors' Hangout

Stocks or Equity Funds for the long term?

DateFriday, 10-Dec-2021
Time12:30 PM - 01:00 PM

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