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3 star

Principal Tax Savings Fund


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.12 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 10.36 0.10 0.85 11.52 13.63 34.96 10.73 1.94 10.09 14.77 10.82
S&P BSE 500 TRI 9.95 0.31 1.46 11.78 14.44 37.92 10.66 6.80 11.35 13.65 9.70
Equity: ELSS 8.36 0.54 1.40 10.88 13.43 34.08 8.96 4.28 9.53 14.19 10.33
Rank within category 13 36 34 14 17 11 13 27 12 12 11
Number of funds in category 38 38 38 38 38 38 38 34 30 29 27

As on 27-Nov-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
3 star
Mar-96 10.73 1.94 10.09 2.55 408
Axis Long Term Equity Fund
4 star
Dec-09 13.78 11.24 12.95 1.71 22,632
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 6.91 3.88 9.93 1.89 11,158
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 7.54 5.70 11.36 1.83 6,325
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 14.80 9.84 -- 1.84 4,463

Best & Worst Performance

Best (Period) Worst (Period)
Week 21.46 (27-Oct-2008 - 04-Nov-2008) -18.72 (15-Jan-2008 - 22-Jan-2008)
Month 27.42 (11-May-2009 - 10-Jun-2009) -36.32 (24-Sep-2008 - 24-Oct-2008)
Quarter 67.48 (09-Mar-2009 - 10-Jun-2009) -46.13 (02-Sep-2008 - 02-Dec-2008)
Year 128.82 (24-Apr-2003 - 23-Apr-2004) -66.26 (04-Dec-2007 - 03-Dec-2008)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 0.86 21.20 -0.19 -0.22 0.97 -4.44
S&P BSE 500 TRI 5.31 21.56 0.02 0.02 -- --
Equity: ELSS 3.36 21.22 -0.07 -0.08 0.95 -1.93
Rank within category 28 18 28 29 21 28
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 31-Oct-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 62
Top 10 Stocks (%) 43.77
Top 5 Stocks (%) 29.07
Top 3 Sectors (%) 53.77
Portfolio P/B Ratio 2.24
Portfolio P/E Ratio 24.01

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,20,568 99,352
Giant (%) 60.13 51.33
Large (%) 11.31 15.47
Mid (%) 22.52 24.79
Small (%) 6.04 8.39
Tiny (%) -- 0.16

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 HDFC Bank Financial 26.83 8.29 4.26 8.29
up ICICI Bank Financial 23.43 7.65 3.15 7.65
equal Reliance Industries Energy 31.99 8.29 2.94 4.95
down Infosys Technology 26.25 5.20 1.30 4.61
down Kotak Mahindra Bank Financial 41.59 3.96 1.41 3.57
down Tata Consultancy Services Technology 32.80 4.01 1.49 3.31
equal Larsen & Toubro Construction 13.78 4.40 2.17 3.28
up State Bank of India Financial 9.29 4.26 1.75 2.89
up Axis Bank Financial 51.92 2.78 0.72 2.78
equal Hindustan Unilever FMCG 71.64 2.64 0.00 2.44
equal Nestle India FMCG 82.16 2.39 0.00 2.39
equal Bharti Airtel Communication -- 2.89 0.00 2.25
equal MRF Automobile 24.58 2.12 0.00 2.12
down Divi's Laboratories Healthcare 54.45 2.36 0.00 2.01
equal United Spirits FMCG 219.21 2.83 0.00 1.99
equal ITC FMCG 17.38 3.82 1.63 1.98
down HDFC Financial 25.13 3.79 1.69 1.97
up Cipla Healthcare 32.63 1.86 0.00 1.86
up HPCL Energy 5.11 1.82 0.00 1.82
equal Sun Pharmaceutical Inds. Healthcare 83.46 1.93 0.76 1.60
up Maruti Suzuki India Automobile 52.26 2.30 0.00 1.53
equal Max Financial Services Financial 68.22 3.09 0.00 1.44
down Rossari Biotech Chemicals 63.74 1.56 0.00 1.40
equal Torrent Power Energy 21.15 1.48 0.00 1.37
equal Page Industries Textiles 134.07 1.37 0.00 1.21

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-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:


0.10%

Change from previous, NAV as on 27-Nov-2020

Growth: ₹ 229.3000

Dividend Half Yearly: ₹ 229.3000


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
Exit Load 0

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 31-Mar-1996
Return Since Launch: 15.56%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 408 Cr (As on 31-Oct-2020)
Expense: 2.55% (As on 31-Oct-2020)
Risk Grade: Above Average
Return Grade: Average
Turnover: 107.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Growth31-Mar-20088.0000

 15-Jan-20075.0000
 05-Apr-20005.0000

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

Last Session

VR Helpline

Critical Investment Decisions

dateSaturday, 28-Nov-2020
time04:00 PM - 04:30 PM

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