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Principal Personal Tax Saver Fund (Growth)

Equity

Tax Saving

₹ 189.80

NAV (SEP 18)

Scripbox Opinion

Neutral

Scripbox recommends other funds for investment in tax saving.

Click here to see our recommendations.

Tax Saving funds provides tax saving with inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Our analysis of this fund Learn how we rate funds ->
Our analysis of this fund Learn how we rate funds ->

Track Record

24 Years

The fund has an extended history for analysis and the track record is excellent

Relative Size

239 Cr

Medium within the category

Category View

Positive

The category has a positive investment outlook

Consistency Of Performance

Relatively moderate

The historical performance of the fund has been OK.

Tax Saver Plan

Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

Learn why choose a plan over a fund ->
  • Historical growth rate of 12.00% per annum
  • Recommended Duration > 5 years
  • 3 years
  • Save tax
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Historical NAV

189.80

NAV (SEP 18)

SIP Calculator

Investing Duration 5 years

Total Investment

Wealth Gained

Total Corpus Created

With assumed returns of 11.25%
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Scheme Information

Investment Objective

To provide long term growth of capital. The Investment Manager will aim to achieve a return on assets in excess of the performance of S&P BSE 100 INDEX.

Low

Moderately Low

Moderate

Moderately High

High

Moderately High risk

2.54%

Expense Ratio

31st Mar, 1996

Launched (24y ago)

₹ 239

AUM in Crores

INF173K01353

3 years

IISL Nifty 500 TR INR

Benchmark

₹ 0

SIP Minimum

₹ 500

Lumpsum Min.

Fund Managers

Sudhir Kedia

Fund Manager

Returns Calculator Comparison

of

for

Instrument Returns Total Corpus Gains Annualised %
Mutual Fund 70% 11.25%
EPF 70%
Property 70%
PPF 70%
Bank FD 70%
Gold 70%
Savings Bank 70%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 20th September 2020

Top Stock Holdings

Hdfc Bank Ltd

7%

Reliance Industries Ltd

7%

Icici Bank Ltd

7%

Infosys Ltd

5%

Tata Consultancy Services Ltd

4%
See all holdings
allocation by market cap

Allocation by Sector

Financial Services

27%

Technology

12%

Consumer Defensive

11%

Industrials

9%

Basic Materials

9%
See all sectors

Comparison with Equity Funds

Tax Saver Plan

Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

  • Indicative returns of 12.00% annually
  • Recommended Duration > 5 years
  • 3 years
  • Save tax
  • One-click investing and tracking
  • Zero fees for all your investments

SIP Calculator

Investment Duration 5 years

₹12,37,295

Total Investment

₹12,37,295

Wealth Gained

₹12,37,295

Total Corpus Created

With assumed returns of 11.25%
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How does Scripbox rate funds?

Proprietary system to rate mutual funds

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

What Scripbox recommendations mean?

Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.

Top Ranked

Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.

Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.

calender

Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

calender

Category View

We check if the sub-category of the fund is recommended by us

calender

Consistency Of Performance

Consistency of performance over various tenures is analysed for a relative performance stack

calender

Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

calender

Impact of Interest Rates

We check the relative interest rate risk of the sub-category of the fund. Lower the better

calender

Credit Quality Of Fund’s Portfolio

We check the relative interest rate risk of the sub-category of the fund. Lower the better

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About Principal Personal Tax Saver Fund (Growth)

About Principal Personal Tax Saver Fund (Growth)

Principal Personal Tax Saver Fund (Growth) is a Tax Saving Equity fund and has delivered an annualised return of 17.9% over a period of 24 years. The fund is managed by Principal Asset Management Private Limited. The fund manager’s name is Sudhir Kedia.

Principal Personal Tax Saver Fund (Growth) Investment Objective

To provide long term growth of capital. The Investment Manager will aim to achieve a return on assets in excess of the performance of S&P BSE 100 INDEX. However, there is no assurance that the objective of the scheme will be realized.

Principal Personal Tax Saver Fund (Growth) NAV, AUM and Risk

The fund was launched on 1996-03-31. The NAV of the fund as of 2020-09-18 is ₹ 189.80. The total AUM of the fund as of 2020-09-18 is ₹ 239 Cr. The category risk of the fund is Moderately High risk

The fund charges 2.54 % as expense ratio.

Principal Personal Tax Saver Fund (Growth) Holdings

The fund’s highest allocation is towards equity and has invested 99.23% in this asset class. The top three holdings of the fund are hdfc bank ltd, reliance industries ltd and icici bank ltd.

Principal Personal Tax Saver Fund (Growth) SIP

The minimum SIP(Systematic Investment Plan) amount for this is ₹ 0 and you can increase this in multiples of 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.

Principal Personal Tax Saver Fund (Growth) Investment volatility and Horizon

This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty 500 TR INR.