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Who should invest in Mutual Funds?

What is Net Asset Value (NAV)?

Net Asset Value is the market value of the assets of a scheme minus its liabilities. The per unit NAV is the net asset value of the scheme divided by the number of units outstanding on the Valuation Date.

What is Purchase Price?

Purchase Price is the price an investor pays when investing in a scheme. It is also called as Offer Price.

What is Redemption Price?

It is the price at which Open-Ended schemes repurchase their units and Close-Ended schemes redeem their units on maturity. Such prices are NAV related.

What is Exit Load?

Exit Load is a charge collected by a scheme when it buys back the units from unit-holders. It is also called as "Repurchase Load". Exit load is applicable for a specific period from the time of purchase (as specified from time to time) and beyond this period, no exit load is applicable on redemptions.

What is a Scheme Information Document & Statement of Additional Information?

The Scheme Information Document contains the details of the scheme that the AMC or sponsor prepares for and circulates to the prospective investors, inviting subscription to the units of the Scheme(s).

The Statement of Additional Information contains details of Principal Mutual Fund including its constitution, certain tax, legal and general information and legally forms a part of the Scheme Information Document.

How important are these documents (Scheme Information Document & Statement of Additional Information) to investors?

The Scheme Information Document & Statement of Additional Information is the most important source of the information from the perspective of a prospective investor.

Contents of Scheme Information Document & Statement of Additional Information -

Scheme Information Document inter alia shall include the following information:

  • Description of the Scheme and the investment objective/strategy
  • Terms of Issue
  • Investor's Rights and Services
  • Risk Factors and other information relevant to the Scheme.

Statement of Additional Information shall include the following information:

  • Constitution of the Mutual Fund
  • Details of Directors / Key Personnel / Service Providers
  • Historical Statistics
  • Accounting / Valuation norms
  • Taxation implications

Where can an Investor get an application form?

Application forms are usually available at all Mutual Fund branch locations and the Registrar Branch locations in the locations where the Mutual Fund operates. On request, the application could be sent by e-mail to the customer or by courier. Application forms are also available under the downloads section on the website. The customer has to take a print of the application form, fill in the details and submit it at the nearest Investor Service Centre.

Click here to download Application Forms for Principal Mutual Fund.
Click here for Instructions to fill in your Application Form
Click here to locate your nearest Principal Mutual Fund Investor Service Centre.

What are the cut-off timings?

Cut-off timing is the time before which an investor has to submit / lodge his / her application form for the date of submission / lodgement to be considered as the transaction date. For applications submitted / lodged after the cut-off time the applicable transaction date is the next business day. Depending on the transaction date the NAV is applicable.

What is my Current Value of Investments?

The Current Value of Investment is the 'Market Value' of the Investment based on that day's NAV of the Investment in the invested Scheme - Plan of a Mutual Fund.

At what time is the NAV declared?

On all business days, depending on the scheme type, NAV is declared in the evening at or before 9 pm.

When will I receive my account statement if I make an investment today?

Once you make an Investment with a selected Mutual Fund a transaction confirmation will be sent to you through e-mail / sms within 5 business days from the date of receipt of application. As per SEBI requirements, a Consolidated Account Statement for your transactions across all the Mutual Funds, will be dispatched to you on or before 10 days from the end of the succeeding month through email (if the same has been provided) or physical copy. However, in case you still need an account statement, you can send a mail request to

Click here to track your application/transaction status online.

I have not received my account statement or Dividend/Redemption Warrant?

Once you make an Investment with a selected Mutual Fund, a transaction confirmation through email/sms should reach the Investor within 5 business days from the date transaction. In the case of Redemption Warrants, the Warrants should be dispatched to the Investor within 10 business days from the date of transaction, and in case of dividend, it shall be dispatched to the investors within 30 days from the record date.

If the documents do not reach you, you can approach the nearest Investor Service Centre or send an email to the customer care of the respective fund or call up the toll free number of the concerned Mutual Fund to find out the details regarding the delay in receiving the above mentioned documents.

If you register for our 'online services' you could obtain all such details from this website.
Click here to register for Principal Mutual Fund Online Services.

Write to our Customer Care:
Call us on our Toll-free number: 1800 425 5600

What is the procedure for Redemption ?

The Investor needs to fill in the redemption application generally available on the foot of your account statement, which needs to be signed by all the account holders in case the mode of holding is "joint". In case the mode of holding is "any one or survivor", the application can be duly signed by any one of the account holders. The duly filled in application form is to be sent to the nearest Investor Service Centre. The units shall be redeemed to you at the redemption price applicable for the transaction date on which your application was received at the Investor Service Centre. In case your application is received after the cut-off time, the applicable transaction date would be the next business day.

If you register for our online services, you could redeem your units electronically.

What are the benefits of a Systematic Investment Plan?

Systematic Investment Plan (SIP) is a simple, time-honoured strategy designed to help investors accumulate wealth in a disciplined manner over the long-term and plan a better future for them. This disciplined approach to investing will provide you with the following benefits

  • Power of Compounding
  • Rupee Cost Averaging
  • Convenience

Know more about SIP (Systematic Investment Plan).

What is the Rupee Cost Averaging?

Rupee Cost Averaging does not produce sudden, dramatic profits but generates sustained growth over the long term despite short-term fluctuations in the market. Opting for a Systematic Investment Plan for a Mutual Fund Scheme gives investors the advantage of Rupee Cost Averaging.

Know more about Rupee Cost Averaging

Can the redemption proceeds be directly credited to my bank account?

When an investor has an account in a designated direct credit bank for a particular Mutual Fund, based on a redemption request, the redemption proceeds can be credited directly to your bank account. Please note that the procedure for direct credit may vary from fund to fund.

What are the documents to be submitted along with a purchase application?

The following documents are to be submitted along with the purchase application depending on the legal status of the applicant as mentioned in the application form.

Every person shall quote his PAN and enclose the KYC acknowledgement letter issued by the KYC Registration Agency for all investments irrespective of amount involved for purchase of its units, including fresh/additional purchase, switch, Systematic Investment / Transfer.

Click here for documents required to accompany your investment applications in Principal Mutual Fund

Special instructions for non-resident investors:

On Repatriation Basis:
In case Indian rupee drafts are purchased abroad or payment is made from debit to NRE / FCNR account, an account debit certificate from the bank issuing the draft confirming the debit.

On Non-Repatriation Basis:
In case Indian rupee drafts are purchased abroad or from FCNR / NRE account an account debit certificate from the bank issuing the draft confirming the debit shall be enclosed along with the application form

For subscriptions amounts remitted out of debit to the FCNR / NRE account the Application form must be accompanied with a Foreign Inward Remittance Certificate (FIRC), issued by the investor’s bankers

Note: The definitions herein have been collated and compiled from various sources. This may differ from fund to fund and should there be any contradiction between definitions provided herein and concerned Scheme Information Document of any fund, it is clarified that definition as provided in Scheme Information Document shall prevail.

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