Chennai: Principal Asset Management has launched a new fund offer (NFO) Principal Large Cap Fund, an ppen-ended equity scheme predominantly investing in large cap stocks.
The NFO is open for subscription from 28 September to 12 October. The fund will allocate 80-85 per cent of its corpus to the top 100 Indian large cap stocks by market cap and actively invest up to 15 per cent in US stocks with a market cap higher than USD 50 Billion. The will aim to provide growth from Indian and US economies and depreciating currencies.
The fund, a statement said, will draw from Principal’s proprietary global research expertise and experience and its robust investment framework for selection of US stocks.