Principal Tax Savings Fund-0.53%

2.21%
1 Year Return
Equity
ELSS
3.0star
6M
1Y
3Y
5Y
All

Fund Details

Principal Tax Savings Fund

RiskModerately High
Min SIP Amount₹500
Expense Ratio2.56%
NAV205.93 (29 Oct 2020)
Fund Started31 Mar 1996
Fund Size398 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Principal Tax Savings Fund
2.2%
-1.1%
8.0%
15.1%
Category Average
-0.1%
1.4%
7.3%
-
Rank within category
10
27
13
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 2.2% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    2. Exit load is zero
    3. Age is more than 10 years
    4. 1Y Returns are higher than the category average returns
    5. 5Y Returns are higher than the category average returns
    6. 10Y Returns are higher than the category average returns
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category
    3. Risk is higher compared to the benchmark
    4. Higher expense ratio
    5. 1Y Returns are lower than the benchmark
    6. 3Y Returns are lower than the benchmark
    7. 5Y Returns are lower than the benchmark
    8. 10Y Returns are lower than the benchmark
    9. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    10. Risk-adjusted returns are lower compared to the category
    11. Higher expense ratio - 2.56%
    12. 3Y Returns are lower than the category average returns

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity7.8%
    ICICI Bank Ltd.FinancialEquity6.1%
    Reliance Industries Ltd.EnergyEquity5.5%
    Infosys Ltd.TechnologyEquity4.9%
    Tata Consultancy Services Ltd.TechnologyEquity4.0%
    Larsen & Toubro Ltd.ConstructionEquity3.3%
    Kotak Mahindra Bank Ltd.FinancialEquity3.0%
    Hindustan Unilever Ltd.FMCGEquity2.5%
    Nestle India Ltd.FMCGEquity2.3%
    Bharti Airtel Ltd.CommunicationEquity2.2%
    See All

    Fund Managers

    addP V K Mohan
    Education
    Mr. Mohan is a B.E (Electrical) and MBA from IIM Bangalore.
    Experience
    Prior to joining Principal AMC he has worked with UTI AMC.
    Funds Managed
    addRavi Gopalakrishnan
    Education
    Mr. Gopalakrishnan is an MBA from Bradley University, USA and Masters in Finance (Investments) from Drexel University, USA.
    Experience
    Prior to joining Principal Mutual Fund, he has worked with Canara Robeco AMC, PGIM India Mutual Fund, Hudson Fairfax Group,USA, and Sun F & C Asset Management Ltd.
    Funds Managed

    Principal Tax Savings Fund Details

    Principal Tax Savings Fund is a Equity Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to investors on 31 Mar 1996. P V K Mohan is the Current Fund Manager of Principal Tax Savings Fund fund.The fund currently has an Asset Under Management(AUM) of ₹398 Cr and the Latest NAV as of 29 Oct 2020 is ₹205.93.

    The Principal Tax Savings Fund is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.

    Investment Objective

    The fund seeks to build a high quality growth oriented portfolio to provide long term capital appreciation through investment primarily in equities.

    Tax Implications

    Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.

    Scheme Information Document(SID)

    ₹500
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    About Principal Mutual Fund

    Address
    Exchange Plaza, Ground Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East) Mumbai 400051
    Phone
    022-67720555
    Launch Date
    25 Nov 1994
    Principal Mutual Fund
    Asset Management Company
    Custodian
    NA
    Registrar & Transfer Agent
    KFin Tech
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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