Principal SMART Equity Fund, an open-ended equity scheme, is a P/E based fund which dynamically changes its asset allocation between equities and debt / money market instruments based on the weighted average price-earnings ratio (P/E ratio) of the S&P CNX Nifty Index (NSE Nifty).
The Scheme will decide on allocation of funds into equity assets based on equity market Price Earning Ratio (P/E Ratio) levels. When the markets become expensive in terms of a set ‘P/E Ratio’; the Scheme will reduce its allocation to equities and move assets into debt and/or money market instruments and vice versa. Such a strategy is expected to optimise the risk return proposition for the long term investor.
NFO Open Date:NOV'26-2010
NFO Close Date :Dec'10-2010
Minimum Application Amount
Rs 5000 and any amount in multiple of Re 1 thereafter under Growth and Dividend Option. Subsequent investment amount shall be Rs 500 and any amount in multiple of Re 1 thereafter under each option.
Systematic Investment Plan (SIP) – During NFO and Continuous offer
Minimum six installments of Rs 500 each.
Load Structure:
Entry Load – Not applicable
Exit Load - From the date of allotment if redeemed any time – Upto 1 Year – 2.00% Upto 2 Year – 1.00% After 2 Years - Nil
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