Principal Mutual Fund 

Principal Mutual Fund (formerly known as IDBI-Principal Mutual Fund) is a joint venture of Principal Mauritius, Punjab National Bank and Vijaya Bank. The Mutual Fund was initially set up by Industrial Development Bank of India (IDBI) in 1994. Subsequently, on March 31, 2000, Principal Financial Services Inc. USA acquired 50% stake and in June 2003 it acquired 100% stake and became sole sponsor through its wholly owned subsidiary Principal Financial Group (Mauritius) Limited. In May 2004, Principal Financial Group collaborated with two public sector banks- Punjab National Bank (PNB) and Vijaya Bank to form a joint venture The stake of Principal Mauritius, Punjab National Bank and Vijaya Bank in the fund is 65%, 30% and 5% respectively.

Open Ended

• Principal Balanced Fund
• Principal Child Benefit Fund-Super Saver
• Principal Dividend Yield Fund
• Principal Emerging Bluechip Fund
• Principal Global Opportunities Fund
• Principal Growth Fund
• Principal Index Fund
• Principal Infrastructure and Services Industries Fund
• Principal Junior Cap Fund
• Principal Large Cap Fund
• Principal Liquid Plus Fund
• Principal Money Manager Fund
• Principal Personal Tax Saver Fund
• Principal Resurgent India Equity Fund
• Principal Services Industries Fund
• Principal Short Term Plan
• Principal Smart Equity Fund
• Principal Tax Saving Fund

Close Ended

• Principal Pnb Long Term Equity Fund - 3 Year Plan - Series I
• Principal Pnb Long Term Equity Fund 3 Year Plan Series II