How has the Principal Tax Savings Fund performed? With a 10-year return of 10.46%, the fund has outperformed the benchmark index (9.46%) but lags behind the category average (12.06%).
The fund has underperformed its peers over the past decade.
Annualised performance (%)
The fund has outperformed over 3- and 5-year periods. As on Jun ..
Where does the fund invest? The fund has a multi-cap approach, and is currently tilted towards large-caps.
The fund has overweight positions in FMCG and construction relative to index.
Should you buy Principal Tax Savings Fund? This tax-saving fund has no market-cap bias. While currently tilted towards large-caps, it has the flexibility to invest in firms with lower market-cap. The fund prefers companies that are either leaders in their segment or have scalable, sustainable business models. While its top picks are mostly index heavyweights, it is comfort able picking stocks outside the index.
Principal Tax Savings Fund has stuck with its mid- and small-cap positions, taking calibrated risk in conviction bets despite the short-term pain. It has the ability to capture higher market upside than many peers, but may fall harder during downturns. It is more suited for investors with high risk appetite.
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