Principal AMC proposing to declare a Dividend in Principal Services Industries Fund.
Dividend Rate – 15% (Rs 1.50 per unit)
Record Date – 22nd February, 2010 (Monday)
Principal Services Industries Fund has been performing well and has been able to capture the recent market rally. The scheme has delivered CAGR return of around 81% since last 1 year as compared to 67% by benchmark CNX Service Sector Index as on January 30, 2010.
What Worked For them:
Media: Though the valuations were not cheap, we added Media stocks due to the strong underlying growth which has been proven in past few quarters.
IT: We have added the IT stocks when the valuation for the sector were not very favorable due to the concerns on the overall business environment for these companies (Specially US)
Financial: Good stock selection within the sector has helped us; especially this sector has a very large inventible universe
What didn’t for them
Utility: Defensive character of the sector has led to relative underperformance in the recent rally over the past years.
Telecom: The sharp intensification of price war in this sector in past few months has led to concerns on the profit margins going forward
Dividend Rate – 15% (Rs 1.50 per unit)
Record Date – 22nd February, 2010 (Monday)
Principal Services Industries Fund has been performing well and has been able to capture the recent market rally. The scheme has delivered CAGR return of around 81% since last 1 year as compared to 67% by benchmark CNX Service Sector Index as on January 30, 2010.
What Worked For them:
Media: Though the valuations were not cheap, we added Media stocks due to the strong underlying growth which has been proven in past few quarters.
IT: We have added the IT stocks when the valuation for the sector were not very favorable due to the concerns on the overall business environment for these companies (Specially US)
Financial: Good stock selection within the sector has helped us; especially this sector has a very large inventible universe
What didn’t for them
Utility: Defensive character of the sector has led to relative underperformance in the recent rally over the past years.
Telecom: The sharp intensification of price war in this sector in past few months has led to concerns on the profit margins going forward
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