About Principal Tax Savings Direct - Dividend Half Yearly
Principal Tax Savings Direct - Dividend Half Yearly is a Tax Saver
mutual fund scheme from Principal Mutual Fund
. This scheme was launched on 11 Sep 2017 and is currently managed by its fund manager Ravi Gopalakrishnan
. It has an AUM of ₹389.44 Crores and the latest NAV decalared is ₹206.710 as on 18 Oct 2019 at 9:25 pm.
Principal Tax Savings Direct - Dividend Half Yearly scheme return performance in last 1 year is 2.37%, in last 3 years is 24.24% and 0.45% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.