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3 star

Principal Tax Savings Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.44 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -7.57 0.96 2.55 7.78 18.62 -7.79 -5.85 0.38 6.84 14.01 --
S&P BSE 500 TRI -9.65 0.85 2.44 7.63 19.31 -10.29 -4.91 2.81 6.47 11.41 --
Equity: ELSS -9.63 0.71 2.05 6.50 15.81 -10.22 -4.74 1.72 6.00 13.17 --
Rank within category 12 5 6 4 7 10 23 23 13 12 --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 1

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Principal Tax Savings Fund - Direct Plan
3 star
Jan-13 -5.85 0.38 6.84 2.05 366
Axis Long Term Equity Fund - Direct Plan  | Invest Online
5 star
Jan-13 0.30 7.62 8.96 0.93 20,292
Aditya Birla Sun Life Tax Relief 96 - Direct Plan  | Invest Online
4 star
Jan-13 1.38 4.06 8.15 0.94 9,177
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 -2.65 3.82 8.58 0.94 5,359
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 0.72 7.27 -- 0.45 3,141

Best & Worst Performance

Best (Period) Worst (Period)
Week 9.74 (01-Apr-2020 - 09-Apr-2020) -17.22 (16-Mar-2020 - 23-Mar-2020)
Month 22.39 (07-May-2014 - 06-Jun-2014) -35.36 (20-Feb-2020 - 23-Mar-2020)
Quarter 34.86 (23-Mar-2020 - 22-Jun-2020) -34.36 (23-Dec-2019 - 23-Mar-2020)
Year 80.79 (03-Sep-2013 - 03-Sep-2014) -33.44 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.04 21.63 -0.15 -0.18 0.98 -2.26
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 3.36 21.18 -0.09 -0.10 0.95 -0.97
Rank within category 24 22 24 24 24 24
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 60
Top 10 Stocks (%) 44.74
Top 5 Stocks (%) 29.55
Top 3 Sectors (%) 54.44
Portfolio P/B Ratio 2.31
Portfolio P/E Ratio 23.26

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,28,331 95,668
Giant (%) 65.04 55.04
Large (%) 14.28 16.25
Mid (%) 16.71 21.51
Small (%) 3.97 7.21
Tiny (%) -- 0.01

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Reliance Industries Energy 31.35 8.29 2.94 8.29
up HDFC Bank Financial 22.68 8.00 4.26 7.79
equal ICICI Bank Financial 25.08 6.95 3.15 5.58
equal Infosys Technology 20.06 4.38 1.24 4.10
up HDFC Financial 15.72 3.79 1.69 3.79
equal Larsen & Toubro Construction 13.89 4.40 2.17 3.71
equal Kotak Mahindra Bank Financial 31.51 3.96 1.41 3.08
equal Tata Consultancy Services Technology 25.58 4.01 0.77 2.90
up Bharti Airtel Communication -- 2.89 0.00 2.89
equal United Spirits FMCG 68.96 2.83 0.00 2.61
equal ITC FMCG 15.70 3.82 1.63 2.59
equal State Bank of India Financial 8.99 4.26 2.00 2.32
equal Maruti Suzuki India Automobile 31.95 2.30 0.00 2.21
equal Bajaj Finserv Financial 31.08 2.11 0.00 2.11
down Hindustan Unilever FMCG 75.69 2.64 0.00 2.08
equal NTPC Energy 13.41 2.52 0.00 1.95
equal Max Financial Services Financial 104.04 3.09 0.00 1.74
equal Divi's Laboratories Healthcare 41.96 1.80 0.00 1.59
equal Bajaj Finance Financial 38.12 1.59 0.00 1.59
down Tata Consumer Products FMCG 86.41 2.11 0.00 1.53
new Reliance Industries Ltd - Partly Paid Equity Energy -- 1.45
equal Axis Bank Financial 69.10 2.51 0.00 1.37
down Sun Pharmaceutical Inds. Healthcare 30.72 1.93 0.76 1.34
equal Page Industries Textiles 64.95 1.37 0.00 1.34
equal Bayer CropScience Healthcare 54.87 1.33 0.00 1.33

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Sudhir Kedia since 29-Oct-2019

Education: Mr. Kedia is CA, CMA and MBA.

Experience: Prior to joining Principal Mutual Fund, he has worked with Mirae Asset Mutual Fund and ASK investment.

Funds Managed:


0.96%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 199.1700

Dividend Half Yearly: ₹ 199.1700


Investment Strategy

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

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 11.76%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 366 Cr (As on 30-Jun-2020)
Expense: 2.05% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Average
Turnover: 84.00%

Contact Information

AMC: Principal Asset Management Pvt. Ltd.

Address: Exchange Plaza - 2rd Floor - NSE Building, "B" Wing-Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022-67720555 / 1800-425-5600

Fax: 022-67720512

Email: [email protected]

Website: http://www.principalindia.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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