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Equity

Principal Index Fund - Nifty

(An open ended Index Scheme)

This product is suitable for investors who are seeking*

  • Long term Capital Growth
  • Investment in equity & equity related securities including equity derivatives of large capitalization Companies as well as Debt/Money Market securities through a systematic allocation of Funds between Equity & Debt on the basis of the Price Earnings Ratio of Nifty 50.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

To invest principally in securities that comprise Nifty 50 (NSE) and subject to tracking errors endeavour to attain results commensurate with the Nifty.

Fund Manager:
Mr. Rajat Jain
Allotment Date:
July 27, 1999
Benchmark:
Nifty 50 Index

Under normal circumstances,the asset allocation would be as follows:

tr>
Types of InstrumentsNormal Allocation
(% of Net Assets)
Risk Profile
 MinimumMaximum 
Nifty Stocks 0 100 Medium to High
Money Market Instruments 0 10 Low

The Asset Management Company reserves the right to invest in derivatives up to 50% of the net assets of the Scheme

Subject to the SEBI Regulations, the Mutual Fund may deploy upto 50% of its total net assets of the Scheme in Stock Lending.

Regular Plan and Direct Plan.
Both the Plan offer Dividend & Growth Option

The Dividend Option under both the Plan offers facility of Payout, Reinvestment and Sweep

Exit Load:

Exit Load : 1% if redeemed on or before 90 days from the date of allotment;

Nil: if redeemed after 90 days from the date of allotment.

 

New Investor: 5,000
Existing Investor: 1000

3.00 p.m.

In respect of purchase/switch-in of units for an amount equal to or more than 2 Lakhs, the closing NAV (Net Asset Value) of the day shall be applicable subject to realisation of the funds upto 3.00 p.m. and receipt of application (duly time stamped).

Regular Plan
1.00% p.a. of the daily net assets

Direct Plan
0.50% p.a. of the daily net assets

GST on Management Fees and proportionate charge in respect of sales beyond T-15 cities subject to maximum of 30 bps on daily net assets are charged in addition to the above stated Expense Ratios.

SIP / RWP / STP: Available

Minimum No. & Amount of :

SIP: 6 installments of 2000/- each.

RWP: 6 installments of 500/- each.

STP :  6 installments of 1000/- each.

Note : Principal Index Fund - Midcap has been merged with Principal Index Fund - Nifty from 9th June, 2017. Click here to view notice.