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Fincash » Mutual Funds » Principal Tax Savings Fund

Principal Tax Savings Fund - G

NAV  ₹451.105 ↑ 6.10  (1.37 %) as on 22 Apr 24

Scheme Objective

To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation.

Principal Tax Savings Fund is a Equity - ELSS fund launched on 31 Mar 96. It is a fund with Moderately High risk and has given a CAGR return of 16.2% since its launch.  Ranked 8 in ELSS category.  Return for 2023 was 24.5% , 2022 was 4.3% and 2021 was 32.1% .

Below is the key information for Principal Tax Savings Fund

NAV as on 22 Apr 24₹451.105 ↑ 6.10  (1.37 %)
Net Assets (AUM) as on 29 Feb 2024 ₹1,222 Cr.
Launch Date31 Mar 1996
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCPrincipal Pnb Asset Mgmt. Co. Priv. Ltd.
Alpha Ratio-2.44
Expense Ratio2.36 %
Sharpe Ratio2.169
Information Ratio-0.28
BenchmarkNot Available
Min Investment ₹500
Min SIP Investment ₹500
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Apr 24

DurationReturns
1 Month 3.7%
3 Month 5.7%
6 Month 15.3%
1 Year 34.8%
3 Year 20.3%
5 Year 16.1%
10 Year
15 Year
Since launch 16.2%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 24.5%
2022 4.3%
2021 32.1%
2020 18.9%
2019 2.5%
2018 -9.2%
2017 48.8%
2016 6.2%
2015 2.7%

Growth of 10k Over Years

DateValue
31 Mar 19₹10,000
31 Mar 20₹7,274
31 Mar 21₹12,485
31 Mar 22₹15,564
31 Mar 23₹15,503
31 Mar 24₹21,126
Principal Tax Savings Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash4.18%
Equity95.82%
Other0%
Principal Tax Savings Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services32.53%
Technology11.35%
Consumer Cyclical11.13%
Industrials9.07%
Health Care8.39%
Consumer Defensive8.27%
Energy6.55%
Basic Materials5.47%
Communication Services2.62%
Real Estate0.42%
Principal Tax Savings Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
Banks - Regional7%₹85 Cr606,077
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE
Oil & Gas Refining & Marketing7%₹80 Cr274,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional6%₹70 Cr661,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
Information Technology Services4%₹52 Cr313,000
Force Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | 500033
Auto Manufacturers3%₹38 Cr56,000
↓ -3,013
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Aug 15 | SUNPHARMA
Drug Manufacturers - Specialty & Generic3%₹37 Cr233,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 532215
Banks - Regional3%₹33 Cr311,000
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
Banks - Regional3%₹33 Cr444,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 21 | TATAMOTORS
Auto Manufacturers2%₹27 Cr288,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
Information Technology Services2%₹25 Cr61,324
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Fund Managers

NameSinceTenure
Sudhir Kedia29 Oct 194.42 Yr.
Rohit Seksaria1 Jan 222.25 Yr.

Custodians

CompanyAddress
SBI-SG Global Securities Services Private Limited“B Wing”, “Jeevan Seva” Annexe Bldg.,Ground Floor, S.V. Road,Santacruz (W),,Mumbai – 400054

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Principal Mutual FundExchange Plaza, 2nd Floor,,National Stock Exchange Building,Bandra Kurla Complex,,Bandra East

Auditors

CompanyAddress
S. R. BATLIBOI & CoExpress Tower, 6th Floor,Nariman Point,Mumbai
BSR & Co. LLPBSR & Co. LLP

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Principal Tax Savings Fund
Growth
₹451.105
↑ 6.10
15.27 %34.84 %20.3 %16.08 %
Data as on 22 Apr 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.