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3 star

Principal Tax Savings Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.63 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.36 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to 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 for 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 31.52 0.82 -2.15 -3.98 3.38 14.71 40.18 17.68 16.96 13.35 --
S&P BSE 500 TRI 29.77 0.91 -1.75 -3.39 1.65 12.44 38.19 19.03 17.53 12.94 --
Equity: ELSS 31.11 0.77 -1.87 -3.40 1.85 13.84 39.22 19.23 17.01 13.31 --
Rank within category 19 15 29 24 9 16 19 23 16 12 --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 1

As on 01-Dec-2021

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 40.18 17.68 16.96 1.96% 610
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 34.28 21.24 19.99 0.74% 34,235
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 42.30 24.76 23.11 0.43% 10,146
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 42.98 22.29 18.11 0.81% 9,805
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 53.76 21.77 20.24 0.74% 3,518

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 94.85 23-Mar-2020 - 23-Mar-2021 -33.44 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 18.47 21.27 0.69 0.77 0.96 -0.69
S&P BSE 500 TRI 19.76 21.92 0.73 0.84 -- --
Equity: ELSS 19.84 21.49 0.75 0.81 0.95 0.85
Rank within category 24 17 22 20 20 23
Number of funds in category 35 35 35 35 35 35

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

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 62
Top 10 Stocks (%) 41.64
Top 5 Stocks (%) 28.17
Top 3 Sectors (%) 58.34
Portfolio P/B Ratio 3.15
Portfolio P/E Ratio 25.11

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,28,451 1,36,970
Giant (%) 53.13 53.06
Large (%) 12.68 14.68
Mid (%) 27.60 25.08
Small (%) 6.59 7.34
Tiny (%) -- 0.21

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
equal ICICI Bank Financial 23.82 10.05 4.27 8.75
equal Infosys Technology 34.54 7.25 2.43 6.39
equal HDFC Bank Financial 24.36 9.09 5.05 5.52
equal Polycab India Engineering 42.66 4.47 0.00 4.18
equal Ashok Leyland Automobile -- 3.33 0.00 3.33
equal State Bank of India Financial 14.80 4.26 1.75 3.26
down Reliance Industries Ltd - Partly Paid Equity Energy -- 2.73
equal Axis Bank Financial 20.84 3.54 0.72 2.67
equal Kotak Mahindra Bank Financial 38.81 3.96 1.54 2.61
equal Tata Consultancy Services Technology 36.18 3.99 2.53 2.53
down Maruti Suzuki India Automobile 52.33 3.25 0.00 2.40
equal Tata Steel Metals 4.25 2.87 0.00 2.09
down Bharti Airtel Communication 140.01 3.36 1.32 2.07
up Tata Motors Automobile -- 2.04 0.00 2.04
equal HDFC Financial 23.54 3.79 1.83 1.95
equal Bank of Baroda Financial 11.90 1.92 0.00 1.92
equal The Federal Bank Financial 10.45 2.07 0.00 1.58
down Hindustan Unilever FMCG 65.59 2.64 0.00 1.58
equal Zee Entertainment Services 27.92 1.60 0.00 1.56
up Sun Pharmaceutical Industries Healthcare 28.67 2.06 0.76 1.54
new Bharti Airtel Ltd. Rights Communication -- 1.46
equal ABB India Ltd. Engineering 108.96 1.37 0.00 1.37
equal Indian Bank Financial 3.83 1.33 0.00 1.33
equal ITC FMCG 19.16 3.56 1.29 1.30
equal Larsen & Toubro Construction 28.66 4.40 1.20 1.27

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 31-Oct-2021

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:


0.82%

Change from previous, NAV as on 01-Dec-2021

Growth: ₹ 338.6700

IDCW Half Yearly: ₹ 338.6700


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 (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 16.56%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 610 Cr (As on 31-Oct-2021)
Expense: 1.96% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Average
Turnover: 59.00%

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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