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3 star

Principal Tax Savings Fund


Equity: ELSS

1 Lakh

Investment declined to
₹ 0.96 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.38 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -9.51 -1.60 -1.67 6.44 17.45 -11.16 -8.06 -1.41 5.48 12.87 9.48
S&P BSE 500 TRI -11.23 -1.58 -1.67 6.30 18.53 -13.06 -6.56 1.55 5.78 10.80 8.17
Equity: ELSS -11.44 -1.25 -1.52 5.37 14.94 -13.12 -7.02 -0.35 4.38 11.64 8.88
Rank within category 11 33 22 5 5 10 22 23 12 8 10
Number of funds in category 38 38 38 38 38 38 36 34 30 28 27

As on 14-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
3 star
Mar-96 -8.06 -1.41 5.48 2.56 366
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -3.07 5.15 6.93 1.73 20,292
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 -1.37 1.87 6.39 1.93 10,101
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 -4.91 1.52 6.86 1.87 5,789
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 -2.89 4.44 -- 1.80 3,538

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 1.46 21.63 -0.18 -0.21 0.98 -2.85
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 2.32 21.15 -0.14 -0.15 0.95 -2.02
Rank within category 22 22 22 23 24 22
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 89,760
Giant (%) 65.04 52.59
Large (%) 14.28 15.43
Mid (%) 16.71 23.93
Small (%) 3.97 8.24
Tiny (%) -- 0.13

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 33.76 8.29 2.94 8.29
up HDFC Bank Financial 21.56 8.00 4.26 7.79
equal ICICI Bank Financial 23.80 6.95 3.15 5.58
equal Infosys Technology 21.33 4.38 1.24 4.10
up HDFC Financial 14.65 3.79 1.69 3.79
equal Larsen & Toubro Construction 13.44 4.40 2.17 3.71
equal Kotak Mahindra Bank Financial 29.87 3.96 1.41 3.08
equal Tata Consultancy Services Technology 26.81 4.01 0.77 2.90
up Bharti Airtel Communication -- 2.89 0.00 2.89
equal United Spirits FMCG 66.89 2.83 0.00 2.61
equal ITC FMCG 15.87 3.82 1.63 2.59
equal State Bank of India Financial 8.43 4.26 2.00 2.32
equal Maruti Suzuki India Automobile 31.02 2.30 0.00 2.21
equal Bajaj Finserv Financial 30.06 2.11 0.00 2.11
down Hindustan Unilever FMCG 79.22 2.64 0.00 2.08
equal NTPC Energy 13.05 2.52 0.00 1.95
equal Max Financial Services Financial 100.82 3.09 0.00 1.74
equal Divi's Laboratories Healthcare 43.06 1.80 0.00 1.59
equal Bajaj Finance Financial 37.28 1.59 0.00 1.59
down Tata Consumer Products FMCG 83.15 2.11 0.00 1.53
new Reliance Industries Ltd - Partly Paid Equity Energy -- 1.45
equal Axis Bank Financial 67.04 2.51 0.00 1.37
down Sun Pharmaceutical Inds. Healthcare 31.70 1.93 0.76 1.34
equal Page Industries Textiles 65.32 1.37 0.00 1.34
equal Bayer CropScience Healthcare 53.07 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:


-1.60%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 188.0200

Dividend Half Yearly: ₹ 188.0200


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: 31-Mar-1996
Return Since Launch: 14.87%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 366 Cr (As on 30-Jun-2020)
Expense: 2.56% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Average
Turnover: 89.00%

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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM