 |
| Capitalstars Investment Advisor |
Principal Mutual Fund offers two new features - SMART and My Gain. Like any other mid-cap fund, it will invest in stocks of companies between 101 to 250 by market capitalization.
Principal Mutual Fund has launched a new mid-cap scheme, Principal Midcap Fund. The new scheme will invest predominantly in mid-cap stocks or stocks that are between 101 to 250 by market capitalization. The new fund offer is open for subscription till December 20. The scheme will be jointly managed by Ravi Gopalakrishnan and Sudhir Kedia.
The scheme is like other existing mid-cap schemes in the market but has two add-on features: SMART and My Gain. According to the fund house, through the SMART facility, investors can stagger their investment in Principal Midcap Fund into four equal installments. 25% of the application money is invested upfront in Principal Midcap Fund while the remaining 75% is invested in Principal Cash Management Fund.
According to a press release sent by the fund house, if the benchmark index falls 3% from the date of allotment, the SMART facility gets activated and 25% of the initial investment is automatically shifted to Principal Midcap Fund else the switch takes place from Principal Cash Management Fund to Principal Midcap Fund at the month-end. In a nutshell, this facility helps reduce the risk of timing the market.
My Gain facility allows investors to set a target rate of return to activate auto-trigger which automatically shifts the amount of appreciation to another fund of the investor’s choice when the target return is achieved.
We will be happy to help you to select your mutual fund plan. Get more details here: Mcx Tips, Derivative-Free Trial, Stock tips Call on:9977499927
Capitalstars is a SEBI registered investment advisor. Schedule a call with Capitalstars investment consultant or drop a mail at backoffice@capiltalstars.in and we will get in touch with you. You may also call us on 9977499927
Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
For more details call on 9977499927 or visit our website www.capitalstars.com
