About Principal Tax Savings Fund Direct
Principal Tax Savings Fund Direct is a Tax Saver
mutual fund scheme from Principal Mutual Fund
. This scheme was launched on 02 Jan 2013 and is currently managed by its fund manager Sudhir Kedia
. It has an AUM of ₹366.18 Crores and the latest NAV decalared is ₹198.540 as on 11 Jul 2020 at 10:30 am.
Principal Tax Savings Fund Direct scheme return performance in last 1 year is -5.46%, in last 3 years is 0.10% and 129.95% 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.