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Principal Tax Savings Fund - Invest Online

The fund seeks to build a high quality growth oriented portfolio to provide long term capital appreciation through investment primarily in equities.

 

The fund has seen many ups and downs in its eighteen-year history, but it has outperformed its benchmark by 9 per cent in the past one year and 15 per cent in the last three years. It is among the top three funds on the basis of its three-year performance. It was a good performer in its initial years, but became a laggard between 2008 to 2011. However, it topped the charts in 2012 and became a consistent performer since then.

The consistent performance in the last few years could be the result of the fund increasing the share of large-cap stocks in its portfolio. It had 65 per cent exposure in mid- and small-cap stocks in 2008. The exposure is down to 40 per cent currently, but its large-cap holding is still below its peers. This makes the fund suitable only to investors with a higher risk appetite.

The fund employs fundamental analysis to build a portfolio across major industries and sectors. Stocks are selected on the basis of management quality, financial strength, distinctive and sustainable competitive advantage and growth prospects. The focus is on companies with strong presence in their businesses and a reasonable track record. The fund avoids stocks that are below the threshold for market capitalisation of BSE 200 stocks. It also shuns companies with poor business models, fundamentals and unproven track records. The recent performance of the fund is quite impressive and aggressive investors can consider investing in the fund for extra returns.


 
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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