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Fincash » Mutual Funds » Principal Tax Savings Fund

Principal Tax Savings Fund - G

NAV  ₹401.602 ↑ 1.83  (0.46 %) as on 1 Dec 23

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% since its launch.  Ranked 8 in ELSS category.  Return for 2022 was 4.3% , 2021 was 32.1% and 2020 was 18.9% .

Below is the key information for Principal Tax Savings Fund

NAV as on 1 Dec 23₹401.602 ↑ 1.83  (0.46 %)
Net Assets (AUM) as on 31 Oct 2023 ₹1,062 Cr.
Launch Date31 Mar 1996
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCPrincipal Pnb Asset Mgmt. Co. Priv. Ltd.
Alpha Ratio-0.99
Expense Ratio2.36 %
Sharpe Ratio0.196
Information Ratio0.1
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 1 Dec 23

DurationReturns
1 Month 7.2%
3 Month 4.6%
6 Month 14.8%
1 Year 13.7%
3 Year 20.1%
5 Year 14.8%
10 Year
15 Year
Since launch 16%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2022 4.3%
2021 32.1%
2020 18.9%
2019 2.5%
2018 -9.2%
2017 48.8%
2016 6.2%
2015 2.7%
2014 49.4%

Growth of 10k Over Years

DateValue
30 Nov 18₹10,000
30 Nov 19₹10,289
30 Nov 20₹11,393
30 Nov 21₹15,936
30 Nov 22₹17,456
30 Nov 23₹19,863
Principal Tax Savings Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash4.75%
Equity95.25%
Principal Tax Savings Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services34.74%
Consumer Cyclical11.66%
Technology10.3%
Industrials9.71%
Consumer Defensive8.77%
Health Care6.64%
Energy5.91%
Basic Materials4.26%
Communication Services2.77%
Real Estate0.49%
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 - Regional8%₹89 Cr606,077
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE
Oil & Gas Refining & Marketing6%₹63 Cr274,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional6%₹61 Cr661,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
Information Technology Services4%₹46 Cr333,000
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
Banks - Regional3%₹34 Cr596,000
↓ -134,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 532215
Banks - Regional3%₹31 Cr311,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Aug 15 | SUNPHARMA
Drug Manufacturers - Specialty & Generic2%₹25 Cr233,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 23 | 500034
Credit Services2%₹24 Cr32,000
↑ 14,000
Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB
Electrical Equipment & Parts2%₹23 Cr46,000
↓ -4,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
Information Technology Services2%₹21 Cr62,000
1 - 10 of 72
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Fund Managers

NameSinceTenure
Sudhir Kedia29 Oct 194.01 Yr.
Rohit Seksaria1 Jan 221.83 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
₹401.602
↑ 1.83
14.78 %13.75 %20.09 %14.82 %
Data as on 1 Dec 23

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