Principal Personal Tax Saver Fund - Regular Plan
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- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||9.94%|
|HDFC Bank Ltd||8.49%|
|Reliance Industries Ltd||4.14%|
|Larsen & Toubro Ltd||3.85%|
|Kotak Mahindra Bank Ltd||3.56%|
|State Bank of India||3.55%|
|Tata Consultancy Services Ltd||3.24%|
|Bharti Airtel Ltd||3.1%|
|Axis Bank Ltd||3.05%|
About Principal Personal Tax saver
Being an Equity Linked Savings Scheme (ELSS), the fund primarily invests in equity shares of companies and the balance is invested in money market instruments. The fund manager picks up only growth-oriented stocks to achieve wealth maximisation of investors over the long term investment horizon. The scheme, however, does not guarantee assured returns due to presence of market risks.
Pros & Cons of Quant Tax Plan
Principal Personal Tax saver offers 3 benefits:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- Being a star-rated fund, it has a considerably long performance record. However, it has not been able to outperform its category and the benchmark across different time horizons.
Fund Information and Statistics of Principal Personal Tax saver
i) Inception / Launch date
Principal Personal Tax saver was launched on 31 March 1996 by Principal Mutual Fund.
ii) Risk level
Being a multi-cap fund, Principal Personal Tax saver is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years
Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. P V K Mohan, who is an alumnus of IIM Bangalore, has been managing the Principal Personal Tax saver since July 2017.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in Principal Personal Tax saver. However, the investor would be able to redeem the units of the scheme only upon completion of the lock-in period of 3 years from the date of allotment.
Tax benefits of investing in Quant Tax Plan
Principal Personal Tax saver has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About Principal Mutual Fund
In 2000, Principal Mutual Fund began its mutual fund operations in India. Its investment philosophy is based on the pillars of clarity and integrity. The fund house strives to provide diversified investment options which focus on investment needs of the investors across all stages of life.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns