About Principal Balanced Advantage Fund Direct-Growth
Principal Balanced Advantage Fund Direct-Growth is a Balanced
mutual fund scheme from Principal Mutual Fund
. This scheme was launched on 02 Jan 2013 and is currently managed by its fund managers Ravi Gopalakrishnan
and Bekxy Kuriakose
. It has an AUM of ₹207.96 Crores and the latest NAV decalared is ₹22.240 as on 15 Nov 2019 at 9:05 pm.
Principal Balanced Advantage Fund Direct-Growth scheme return performance in last 1 year is 3.06%, in last 3 years is 21.02% and 91.39% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The scheme seeks to generate long term capital appreciation with relatively lower volatility by allocation of funds into equity assets based on Price Earning Ratio (PE Ratio) levels. When the markets become expensive in terms of 'Price to Earnings' Ratio'; the scheme will reduce its allocation to equities and move assets into debt and/or money market instruments and vice versa.