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Principal Personal Tax saver Fund-Direct Plan

Principal Personal Tax saver Fund-Direct Plan
Dividend Yearly
NA
Category
Equity - Tax Saving
52-week NAV high
215.42  (As on 31-08-2018)
52-week NAV low
182.81  (As on 26-10-2018)
Expense
2.43%  (As on 28-02-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 1.00 4.57 9.65 -4.06 5.95 10.56 7.00 11.37 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
500

Principal Personal Tax Saver Fund - Direct Plan is ideal for investors who are looking to grow their capital in the long run and are comfortable investing in a scheme with a 3-year lock-in period. This mutual fund primarily invests in equity and equity-related securities which includes equity derivatives of stocks from companies that have large capitalisation. While this scheme carries 2 plans namely Regular Plan and Direct Plan, there is only one investment option available under both the plans - the Growth Option. Under this scheme, customers can opt for the SIP facility in addition to the STP and SWP facilities which are available only after the lock-in period.

Investment Objective of Principal Personal Tax Saver Fund - Direct Plan

The primary objective of this scheme is to offer long-term capital appreciation based on the performance of the S&P BSE 100 Index. Before you decide to invest in this scheme, you should be aware that the asset management company (AMC) does not offer offer any assurance that this scheme will provide guaranteed returns to the unitholders.

Key Features of Principal Personal Tax Saver Fund - Direct Plan

Learn about the significant features of Principal Personal Tax Saver Fund - Direct Plan mentioned in the table below:

Type of fund

An open-ended equity-linked savings scheme

Plans available

  • Regular Plan
  • Direct Plan

Please note that the above-mentioned plans have a common portfolio and different NAVs.

Options under each plan

The only investment option available under both the Regular and the Direct Plan is the Growth Option.

Risk

Moderately high

Systematic Investment Plan

Available

Systematic Transfer Plan

Available after completion of lock-in period

Regular Withdrawal Plan

Available after completion of lock-in period

Investment Amount for Principal Personal Tax Saver Fund - Direct Plan

Check out the applicable charges that you will have to pay in case you opt for this investment plan, mentioned in the table below:

Minimum application amount

Rs.500 and in multiples of Re.1 thereafter

Minimum additional investment

Any amount

Minimum installment for Systematic Investment Plan (SIP)

Rs.500 for a minimum of 6 installments

Minimum installment for Systematic Transfer Plan (STP)

Rs.500 for a minimum of 6 installments

Minimum installment for Regular Withdrawal Plan (RWP)

Rs.500 for a minimum of 6 installments

Entry Load

Not applicable

Exit Load

Nil

Asset Allocation for Principal Personal Tax Saver Fund - Direct Plan

Instruments

Allocations (Percentage of total assets)

Risk Profile

Equity and equity-linked instruments

80% to 100%

High

Debt securities and money market instruments which includes securitised

debt

0% to 20%

Low to medium

Please note that this mutual fund might invest up to 50% of its net assets in derivatives. Furthermore, the maximum investment in securitised debts can be 20% of the net assets of the scheme.

NAV Disclosure and Benchmark for Principal Personal Tax Saver Fund - Direct Plan

NAV - The redemption, purchase, or switch-out of units under this scheme is based on their Net Asset Value (NAV) for the particular working day. The NAV of the units of this scheme is calculated by the asset management company (AMC) by the end of every business day and is published in a minimum of 2 daily newspapers with nationwide circulation. Furthermore, the AMC also updates the NAV for each working day on its official website at www.principalindia.com. The NAVs of this scheme is also displayed on the website of the Association of Mutual Funds in India (AMFI) at www.amfiindia.com by 9:00 p.m. of every business day of any other time as instructed by the Securities and Exchange Board of India (SEBI).

Benchmark Index - The benchmark followed by Principal Personal Tax Saver Fund - Direct Plan is Nifty 500 Index.

Principal Personal Tax Saver Fund - Direct Plan Fund Manager

The fund manager for Principal Personal Tax Saver Fund - Direct Plan is Mr. P. V. K. Mohan who has been offering his expert counsel to investors in this mutual fund since July 2017. With his extensive knowledge that he has drawn from his years of experience working in the sector, he helps customers achieve their investment goals while keeping their risk-taking capacities in mind.

Why You Should Invest in Principal Personal Tax Saver Fund - Direct Plan

This scheme not only allows investors to make long-term investments and grow their capital but also helps them save on the amount of tax that they pay. Since this plan, predominantly invests in equity and equity-related securities of large-cap companies, unitholders can receive greater returns at the end of the investment period compared to other schemes available in the market.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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