Principal Mutual Fund has announced the appointment of Mr. P.V.K. Mohan as Senior Fund Manager – Equity.
Mohan has over 16 years experience in equity research and fund management. In his previous assignments he has worked with IL&FS and IL&FS Mutual Fund, DSP BlackRock Investment Managers and ICICI Prudential Asset Management Company.
He has a degree in Electrical Engineering from REC, Calicut and a PGDM from IIM, Bangalore
Welcoming him Rajat Jain, Chief Investment Officer said “I welcome Mohan on board and am confident that his addition will further strengthen our equity team and ensure that we continue to deliver strong equity performance.”
About Principal Mutual Fund:
Principal Mutual Fund is sponsored by Principal Financial Services Inc. USA through its wholly owned subsidiary, Principal Financial Group (Mauritius) Limited, with Punjab National Bank and Vijaya Bank as its co-settlors.
As on April 30, 2010 the average assets under management was around Rs 7470 crores with around 10 lac investors (on the basis of live folios). Principal Mutual Fund serves its clients through 34 locations and 81 investor service centres.
Statutory Details: Principal Mutual Fund has been constituted as a trust with Principal Financial Group (Mauritius) Limited, Punjab National Bank and Vijaya Bank as co-settlors. Sponsor: Principal Financial Services Inc., USA [through its wholly owned subsidiary Principal Financial Group (Mauritius) Ltd.]. Trustee: Principal Trustee Company Private Limited. Investment Manager: Principal Pnb Asset Management Company Private Limited. Risk Factors: Mutual Funds and Securities investments are subject to market risks and there can be no assurance and no guarantee that the objectives of scheme(s) of the Principal Mutual Fund can be achieved. As with any investment in securities, the NAV of the units issued under the scheme(s) may go up or down, depending upon the factors and forces affecting the securities market. Past performance of the Sponsor/AMC/ Principal Mutual Fund/Punjab National Bank/Vijaya Bank does not indicate or guarantee the future performance of the scheme(s) of the Principal Mutual Fund. The Sponsor and any of their associates including co-settlors are not responsible or liable for any loss resulting from the operations of the Principal Mutual Fund beyond the initial contribution of an amount of Rs 25 lakhs towards setting up Principal Mutual Fund. Investors in the scheme(s) are not being offered a guaranteed or assured rate of return or monthly or regular/periodical income distribution, and the actual returns and/or periodical income distribution to an investor will be based on the actual NAV, which may go up or down, depending on the market conditions. For scheme specific risk factors, terms of issue etc. investors are urged to read the Scheme Information Document (SID) and Statement of Additional Information (SAI) carefully and consult with their legal/tax/investment advisor before they invest in the Scheme. Copy of SID can be obtained at the investor service centers of AMC and website: www.principalindia.com. Alternately investors can call our Toll Free No: 1800 22 5600 to obtain a copy of the same.