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Here is brief profile of Principal mutual fund

Principal Mutual Fund

The Principal mutual fund, formerly known as IDBI Principal, is a collaboration between the Principal Financial Group of the US and nationalized banks Punjab National Bank and Vijaya Bank. The Principal Financial Group is a 125-year-old diversified global conglomerate of Financial Services Companies and is the largest provider of 401 (k) pension plans in the United States.

Principal PNB Asset Management Company Private Limited is the fund manager for the mutual fund. In all, 65 per cent stake in the AMC is held by the Principal group, 30 per cent by Punjab National Bank and 5 per cent by Vijaya Bank. The operations of the company are headed by managing director Rajan Ghotgalkar.

Since its inception, the Principal Mutual Fund has launched a series of innovative investment options. In 2000, it launched India's first Asset Allocation program, branded as the 'Future Goal Series.' The Principal mutual fund has over Rs.12,070 crore under management as of August 2006.

Here is a list of mutual funds of Principal which includes Equity Funds, Debt Funds, Speciality Funds and Balanced Funds.


Latest NAV
Scheme Name NAV (Net Asset Value) Date
Principal Short Term Plan-Dividend 10.7162 23-Sep-2010
Principal Short Term Plan-Growth 17.6527 23-Sep-2010
Principal Income Fund - Short Term Plan - Dividend Option - Monthly 12.6690 10-Jan-2013
Principal Income Fund - Short Term Plan– Growth Plan 20.2887 10-Jan-2013
Principal Short Term Plan-Institutional – Weekly Dividend Plan 10.8256 23-Sep-2010
Principal Ultra Short Term Fund -Reg plan -Div Option-daily 10.02 23-Sep-2010
Principal Bank CD Fund -Div Option-monthly 1115.8273 10-Jan-2013
Principal Ultra Short Term Fund -Reg plan -Div Option-weekly 10.02 23-Sep-2010
Principal Bank CD Fund - Growth Option 1477.8279 10-Jan-2013
Principal Retail Money Manager Fund-Daily Dividend Option 1005.4300 10-Jan-2013
Principal Retail Money Manager Fund-Growth Option 1288.8399 10-Jan-2013
Principal Retail Money Manager Fund-Monthly Dividend Option 1057.5557 10-Jan-2013
Principal Retail Money Manager Fund-Weekly Dividend Option 1011.8877 10-Jan-2013
Principal Money Manager Fund-Regular Plan-Daily Dividend Option 10.0247 23-Sep-2010
Principal Money Manager Fund-Regular Plan-Growth Option 11.4108 23-Sep-2010
Principal Money Manager Fund-Regular Plan-Monthly Dividend Option 10.5985 23-Sep-2010
Principal Money Manager Fund-Regular Plan-Weekly Dividend Option 10.1048 23-Sep-2010
Principal Pnb Long Term Equity Fund - 3 Year Plan - Series I - Dividend Option 10.71 23-Mar-2010
Principal Pnb Long Term Equity Fund - 3 Year Plan - Series I - Growth Option 10.71 23-Mar-2010
Principal Pnb Long Term Equity Fund 3 Year Plan Series II - Dividend Option 12.71 28-Sep-2010
Principal Pnb Long Term Equity Fund 3 Year Plan Series II - Growth Option 12.71 28-Sep-2010