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Principal Tax Savings Fund - ELSS MF

ELSS

Principal Tax Savings Fund

(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)

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 companies across market capitalization.

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

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.

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 upto 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 50% of its total net assets of the Scheme in Stock Lending.

Regular Plan and Direct Plan
Both the Plans offer Growth & Half yearly dividend option (w.e.f Sept 11, 2017)

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"