"We trust that you will avoid using harsh language and will refrain from making unsubstantiated allegations against individuals and firms. Your constructive feedback and opinions are very valuable to all of us in the industry. "
Principal MF has shown a remarkable improvement in all aspects over the last few years. Their team on the ground is the most efficient in the industry. The Fund management has also seen a substantial improvement. If they are able to maintain this momentum of improvement, can be strong contender for being the most preferred AMC of distributors at large.
Most of the AMCs fail of take any feedback from distributors before launching any new feature. Principals RWP (like most such options of the industry) have the following lacuna. Since units are redeemed on FIFO basis, in a folio with multiple purchases, the 24% of the first purchase in a folio can be withdrawn load free, the remaining 76% will attract load, even if the total withdrawal is under 24% of the holdings in the folio.