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Principal Hybrid Equity Fund


1 Lakh

Investment Grown to
₹ 1.35 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.88 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 1.85 0.11 1.08 2.02 5.31 3.15 4.09 10.46 9.22 12.36 10.00
Hybrid: Aggressive Hybrid 1.94 0.11 1.11 2.31 5.74 5.73 10.05 9.04 7.59 11.84 10.25
Rank within category 24 23 25 29 31 31 36 10 4 11 12
Number of funds in category 44 44 44 43 43 41 39 32 25 23 21

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 23.87 (11-May-2009 - 10-Jun-2009) -26.42 (24-Sep-2008 - 24-Oct-2008)
Quarter 62.08 (09-Mar-2009 - 10-Jun-2009) -34.18 (22-Feb-2000 - 23-May-2000)
Year 91.69 (24-Apr-2003 - 23-Apr-2004) -46.31 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 11.02 9.86 0.54 0.91 0.84 -1.37
Hybrid: Aggressive Hybrid 9.64 9.97 0.40 0.62 0.85 -2.86
Rank within category 11 18 11 6 14 9
Number of funds in category 32 32 32 32 32 32

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 53
Top 10 Holdings (%) 36.75
Top 5 Holdings (%) 25.10
Top 3 Sectors (%) 49.15
Portfolio P/B Ratio 3.15
Portfolio P/E Ratio 25.20

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 - 1.80 1.80
equal 8.23% IRFC 29/03/2029 Debenture AAA 0.00 - 1.68 1.68
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 1.64 1.64
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 1.17 - 1.47 1.47
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.37 1.37
equal 7.72% GOI 25/05/2025 Central Government Loan SOV 0.00 - 1.10 1.10
equal ICICI Bank 23/03/2020 Certificate of Deposit A1+ 0.00 - 1.04 1.04
down 7.17% GOI 2028 GOI Securities SOV 0.00 - 1.86 0.85
new Vardhman Special Steels 58-D 13/02/2020 Commercial Paper A1+ 0.00 - 0.80 0.80
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 0.72 0.72
equal 7.74% Bajaj Finance 30/06/2020 Debenture AAA 0.00 - 0.70 0.70
equal 9.15% ICICI Bank Debenture AA+ 0.54 - 0.68 0.68
new 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 0.59 0.59
equal 7.14% REC 2021 Bonds AAA 0.00 - 0.49 0.49
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.41 - 1.09 0.46
new 7.60% ICICI Bank 2023 Bonds AAA 0.00 - 0.36 0.36
equal 7.57% Ultratech Cement 2021 Debenture AAA 0.00 - 0.36 0.36
equal 8.94% Gujarat State 24/09/2024 State Development Loan SOV 0.00 - 0.30 0.30
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 1.21 0.29
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.00 - 0.28 0.28
equal 8.90% Dewan Housing Fin. Corpn. 2021 Debenture D 0.00 - 0.28 0.24
new Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 0.21 0.21
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 0.21 0.21
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 0.21 0.21
new 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 0.00 - 0.21 0.21

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 Bank Financial 26.64 6.76 1.18 6.76
equal Reliance Industries Energy 23.10 5.87 0.49 5.87
equal ICICI Bank Financial 66.86 5.73 1.16 5.73
equal Infosys Technology 20.00 3.52 0.00 3.45
equal Kotak Mahindra Bank Financial 39.46 3.29 0.67 3.29
equal HDFC Financial 34.95 2.79 0.00 2.79
equal ITC FMCG 21.23 2.83 0.51 2.61
down Tata Consultancy Services Technology 25.67 2.72 0.43 2.22
equal GSK Consumer Healthcare FMCG 34.12 2.19 0.00 2.02
equal Hindustan Unilever FMCG 67.70 2.65 0.69 2.01
equal Larsen & Toubro Construction 19.36 2.33 0.79 1.89
equal Axis Bank Financial 46.94 1.88 0.00 1.88
equal Dabur India FMCG 57.61 2.27 0.96 1.85
equal Max Financial Services Financial 80.92 1.79 0.00 1.79
down Bharti Airtel Communication -- 1.99 0.00 1.76
down State Bank of India Financial 28.05 3.25 1.06 1.49
equal Indusind Bank Financial 20.82 1.41 0.00 1.41
equal Maruti Suzuki India Automobile 37.39 1.69 0.00 1.34
down Indian Railway Catering & Tourism Corpn. Services 53.43 1.28 0.00 1.28
equal Ultratech Cement Construction 40.32 1.48 0.00 1.18
equal Sun Pharmaceutical Inds. Healthcare 25.19 1.27 0.41 1.15
down Marico FMCG 37.51 2.19 0.00 1.08
equal Coal India Energy 6.84 1.99 0.00 1.07
down Tech Mahindra Technology 17.00 1.48 0.30 1.06
down India Cements Construction 20.88 1.88 0.00 1.05

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-Dec-2019

Fund Manager

— 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.

— 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:


0.11%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 78.3800

Dividend Monthly: ₹ 23.7700


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: 14-Jan-2000
Return Since Launch: 10.83%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,428 Cr (As on 31-Dec-2019)
Expense: 2.14% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly17-Dec-20190.2013

 15-Nov-20190.2047
 17-Oct-20190.1970
 17-Sep-20190.1979
 16-Aug-20190.2021
 17-Jul-20190.2097
 17-Jun-20190.2208
 17-May-20190.2190
 16-Apr-20190.2285
 15-Mar-20190.2236
 15-Feb-20190.2234
 17-Jan-20190.2279
 17-Dec-20180.2226
 16-Nov-20180.2290
 17-Oct-20180.2274
 17-Sep-20180.2454
 17-Aug-20180.2461
 17-Jul-20180.2422
 15-Jun-20180.2457
 17-May-20180.2500
 17-Apr-20180.2498
 16-Mar-20180.2777
 16-Feb-20180.2867
 17-Jan-20180.3018
 15-Dec-20170.2918

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM