Principal Service Industries Fund

Principal Service Industries Fund is a sector based fund. This fund is managed by Anupam Tiwari and Rajat Jain.The fund has given poor performance. The key to succeeding with sector funds is to enter them as well as exit them at the right time.

Where does Principal Service Industries Fund invest your money?

Principal Service Industries Fund is a services sector fund which invests your money in stocks of companies belonging to the banking & financial services, telecom, IT and other services industries. About 81% of the total assets are concentrated in stocks of large companies. Large cap companies tend to be stable compared to mid cap and small cap companies. Principal Service Industries Fund has 12% exposure to mid sized companies and 6% exposure to small sized companies.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
How has Principal Services Industries Fund performed in the past?

 If you had invested Rs 1 lakh when the fund was launched at March 2006, your value of investments would be around Rs 1.27 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.16 lakhs. The fund has been giving at around 3% every year for those who stayed invested for last 5 years.

Assume you had invested Rs 10,000 every month in Principal Service Industries Fund through SIP for the past 5 years today you would have around Rs 6.4 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of Principal Service Industries Fund is 2.47%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. Principal Service Industries Fund does not qualify for sec 80C ELSS benefits

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