Principal Mutual Fund launches Principal Asset Allocation Fund of Funds

Mutual Fund
Nov 23, 2015 by Advisorkhoj Team | Mutual Fund | 2 Downloaded

NFO period: 23rd November – 07th December 2015

Highlights of the NFO:

  • Scheme type – An open-ended Fund of Funds Scheme

  • Investment objective –

    • Conservative Plan – The objective of the Plan is to provide long term total return primarily by seeking income through investments made in debt/money market mutual funds with some exposure to equity mutual funds.

    • Moderate Plan – The objective of the Plan is to provide long term total return by seeking capital appreciation and income through investments made in a basket of equity mutual funds, debt/money market mutual funds and Gold ETFs.

    • Aggressive Plan – The objective of the Plan is to provide long term total return by seeking capital appreciation through investments made primarily in equity mutual funds with some allocation to debt/money market mutual funds and Gold ETFs.

  • Product suitability – The product is suitable for investors who are seeking

    • Conservative Plan – Income and Capital growth over a long term investment horizon by investing primarily in debt/money market mutual funds with some exposure to equity mutual funds.

    • Moderate Plan – Capital growth and Income over a long term investment horizon by investing in a basket of equity mutual funds, debt/money market mutual funds and Gold ETFs.

    • Aggressive Plan – Capital growth over a long term investment horizon by investing primarily in equity mutual funds with some allocation to debt/money market mutual funds and Gold ETFs.

  • Minimum Application Amount – First investment Rs. 5,000/- and any amount thereafter under each Plan/Sub-Plan.

    • Systematic Investment Plan – Minimum Six installments of Rs.2000/- each.

    • Systematic Transfer Plan – Minimum Six installments of Rs.1000/- each.

    • Systematic Withdrawal Plan – Minimum Six installments of Rs.500/- each.

  • Sub-Plans/ Options available – Regular Sub-Plan and Direct Sub-Plan having Growth Option.

  • Fund Managers – Mr. Rajat Jain

  • Benchmark –

    • Conservative Plan – Consisting of 85% CRISIL Short Term Bond Fund Index and 15% CNX Nifty Index

    • Moderate Plan – Consisting of 60% CRISIL Short Term Bond Fund Index and 40% CNX Nifty Index

    • Aggressive Plan – Consisting of 20% CRISIL Short Term Bond Fund Index and 80% CNX Nifty Index

( Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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