Principal Tax Savings Fund Overview

Mutual Fund

Principal Tax Savings Fund is an open-ended equity ELSS Fund. The launch date of the Principal Tax Savings Fund is 31st March 1996. This fund is managed by Mr. P V K Mohan. The benchmark of Principal Tax Savings Fund is NIFTY 500 Total Return Index.

Principal Tax Savings Fund is an ELSS Mutual Fund so you can save your tax and invest your money at the same time. The last three years, five years and ten years performance of this fund is 16.71%, 15.67%, and 16.82%. The return since launch is 16.27% of Principal Tax Savings Fund. The minimum investment of Principal Tax Savings Fund is Rs. 500. The AUM of Principal Tax Savings Fund is Rs.408 Cr. (as on 31st March 2019). The expense ratio of Principal Tax Savings Fund Regular is 2.85% (as on 31st March 2019). Before you invest in a mutual fund you should know that Principal Tax Savings Fund comes with two options Principal Tax Savings Fund Growth and Principal Tax Savings Fund Dividend but it is advisable to invest in Principal Tax Savings Fund Growth for a better return. Principal Tax Savings Fund has 97.84% investment in Indian stocks of which 63.22% in large-cap stocks, 13.05% is in mid-cap stocks, and 21.57% is small-cap stocks and 0.03% in government securities. Investors who are looking for tax saving at the same time of investment Principal Tax Savings Fund is best for them. Investors should be ready for moderate losses. Principal Tax Savings Fund comes with three years of the lock-in period.

Top 10 holdings of Principal Tax Savings Fund (10/04/2019)

S.No. Name of Holding Net Assets (%)
1 HDFC Bank Ltd. 5.19
2 ICICI Bank Ltd. 5
3 Reliance Industries Ltd. 4.49
4 State Bank of India 3.77
5 ITC Ltd. 3.32
6 Tata Consultancy Services Ltd. 3.24
7 Kotak Mahindra Bank Ltd. 2.94
8 Tata Power Company Ltd. 2.86
9 Larsen & Toubro Ltd. 2.62
10 Infosys Ltd. 2.49

Top 5 sectors of the Principal Tax Savings Fund (10/04/2019)

S.No. Name of Holding Net Assets (%)
1 Bank – Private 19.4
2 IT – Software 8.06
3 Bank – Public 6.14
4 Engineering – Construction 5.8
5 Consumer Food 5.35

Principal Tax Savings Fund

  • Fund Manager- Mr. P V K Mohan 
  • Expense Ratio- 2.85% (31st March 2019)
  • Launch Date- 31st March 1996
  • Benchmark- NIFTY 500 TRI
  • Risk- Moderately High
  • AUM Size- Rs.408cr. (31st March 2019)
  • Return Since Launch- 16.27%

Performance

  1-Year 3-Year 5-Year 10-Year
Fund -2.09 16.71 15.67 16.82
S&P BSE 500 TRI 5.67 16.36 13.96 16.09
Category 0.48 14.13 14.82 16.68
Rank within Category 26 5 11 13
Number of funds in category 36 34 29 26

As on Apr 10, 2019

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