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Personal Tax Saver Fund - ELSS MF
Everything is uncertain in life except paying taxes.
You might as well save some while you're at it.

ELSS

Principal Personal Tax Saver Fund(Fresh Subscription Discontinued)

(An open ended Equity Linked Savings Scheme)

This product is suitable for investors who are seeking*

  • Long term Capital Growth with a three year lock-in
  • Investment in equity & equity related securities including equity derivatives of large capitalization Companies

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

The investment objective of the scheme is to provide long term growth of capital. The Investment Manager will aim to achieve a return on assets in excess of the performance of BSE 100 Index.

Fund Manager:
Mr. P.V.K. Mohan
Allotment Date:
March 31, 1996
Benchmark:
Nifty 500 Index

Under normal circumstances,the asset allocation would be as follows:

Types of Instruments

% of Net Assets

Risk Profile

Equity and Equity Linked Instruments Not less than 80% High
Debt securities (*Including Securitised Debt) and Money market instruments Upto 20% Low to Medium

The Scheme may invest up to 50% of the net assets of the Scheme in derivatives

* Investment in Securitised Debt may be up to 20% of the net assets of the Scheme.

The AMC further reserves the right to invest in foreign securities and derivatives subject to SEBI/RBI or any other Regulatory Authorities permitted from time to time.

Subject to the SEBI Regulations, the Mutual Fund may deploy upto 40% of its total net assets of the Scheme in Stock Lending.

Regular Plan and Direct Plan
Both the Plan do not have any options at present

Exit Load:

Nil

New Investor: 500
Existing Investor: 500

3.00 p.m.

In respect of purchase/switch-in of units for an amount equal to or more than 2 Lakhs, the closing NAV (Net Asset Value) of the day shall be applicable subject to realisation of the funds upto 3.00 p.m. and receipt of application (duly time stamped).

Please check the disclosure page for the current expense ratio.
More Information

SIP:

Available

RWP / STP:

Available after lock-in period

Minimum No. & Amt. of SIP/RWP/STP (if available):

6 installments of 500/- each.

Disclaimer - "Mutual Fund investments are subject to market risks, read all scheme related documents carefully"