PGIM India ELSS Tax Saver Fund
(An Open Ended Equity Linked Savings Scheme with a statutory lock-in of 3 years and tax benefit)


Key Features

Benchmark Index
Benchmark Index

NIFTY 500 TRI

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Minimum Application Amount
Minimum Application Amount

₹ 500/- and in multiples of ₹ 500/- thereafter.

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Minimum Additional Amount
Minimum Additional Amount

₹ 500/- and in multiples of ₹ 500/- thereafter.

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Exit Load
Exit Load

Nil

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Scheme Overview

Investment Objective

The primary objective of the Scheme is to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time.

However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/ indicate any returns.

Investment Strategy

  • The fund actively manages a diversified portfolio of strong growth companies with sustainable business models The fund will invest through a bottom up stock–by–stock selection across market cap spectrum, with consideration given to price–to–earnings, price–to–book, and price–to–sales ratios, as well as growth, margins, asset returns, and cash flows, amongst others.
  • The company–wise analysis will focus, amongst others, on the historical and current financial condition of the company, potential value creation/unlocking of value and its impact on earnings growth, capital structure, business prospects, policy environment, strength of management, responsiveness to business conditions, product profile, brand equity, market share, competitive edge, research, technological know–how and transparency in corporate governance.


Introduction

Equity Linked Savings Scheme (ELSS) offers you the dual advantage of tax-saving and wealth creation in the long run. ELSS funds carry the lowest lock-in period of three years under the various tax-saving products eligible under Section 80C. ELSS offers the convenience of investing through Systematic Investment Plan (SIP) and lumpsum. Moreover, you can start your investment with as low as Rs 500 through SIP.

What is PGIM India ELSS Tax Saver Fund?

PGIM India Long Term Equity Fund is an open-ended Equity Linked Savings Scheme with lock-in of 3 years and offers tax benefit under section 80 C of the Income Tax Act 1961. The fund invests in companies across a wide range of sectors and market capitalization.

What are the benefits of investing in PGIM India ELSS Tax Saver Fund?

  • Suitable for investors looking to create wealth.
  • Ideal for long term goals such as retirement.
  • Possibility of earning income in the lock in period by way of Income Distribution cum Capital
  • Withdrawal (IDCW) i.e. Dividend.
  • Investors in the highest tax bracket opting for old regime can save Rs 46,800 on investment of Rs. 1.5 lakh.
  • Lock-in of 3 years helps investors tide over volatility and reap the benefit of long term investing.

What should be the ideal time horizon of investing in PGIM India ELSS Tax Saver Fund?

Though the fund has a lock-in period of 3 years, investors can remain invested in the fund to benefit from long term compounding growth and meet their long term goals.

FAQs


Should you do SIP or invest lumpsum in PGIM India ELSS Tax Saver Fund?

You can decide to allocate lumpsum or SIP as per your cash flows. It is advisable to start your tax planning at the start of the financial year to avoid any last minute rush. Investing through SIP helps you accumulate more units when markets fall.

How to invest in PGIM India ELSS Tax Saver Fund?

There are several options to invest

  • Website:You can invest through https://investors.pgimindiamf.com/auth/login by creating your profile and submitting identity details, and bank account information, and becoming KYC compliant.
  • RIA/MFD: You can also invest through a Registered Investment Adviser or Mutual Fund distributor registered with SEBI/AMFI.
  • Industry Portal: You can also invest through MF Utility or MF Central portals.

Do consult your financial advisor before investing to understand if the fund fits into your risk profile.

Can I invest through SIP and lumpsum mode in PGIM India ELSS Tax Saver Fund?

  • You can invest lumpsum as well as through SIP mode.
  • The minimum application amount under this fund is Rs 500 for a lumpsum transaction. You can invest a minimum of Rs 500 as additional investment.

What frequency/dates are allowed for Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP) transactions in PGIM India ELSS Tax Saver Fund?

  • SIP: Any date of the month or quarter, as applicable.
  • STP: Daily, Weekly, Monthly and Quarterly. 6 instalments of Rs 1,000/- and in multiples of ` 500/-.
  • SWP: Monthly, Quarterly and Annual, any date.

How is PGIM India ELSS Tax Saver Fund taxed?

  • Short Term Capital Gains: 15% on gains if sold before 12 months. (Units are locked in for three years).
  • Long Term Capital Gains Tax: Gains of up to 1 lakh (sold after 12 months) are tax free. Gains above 1 lakh are taxed at 10%.
  • (Applicable under the old tax regime)
Scheme Performance
Scheme Portfolio
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riskometer

This product is suitable for investors who are seeking*:

  • Long-term capital appreciation

  • To generate long term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to avail deduction from total income, as permitted under the income tax Act 1961, as amended from time to time.

  • Degree of risk - VERY HIGH

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Riskometer

Very High - Investors understand that their principal will be at very high risk

fund managers
Vivek Sharma

Mr. Vivek Sharma

Over 14 years of experience in Equity market, research and fund management : Read More...

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Mr. Utsav Mehta

Over 13 years of equity research and fund management experience in the Indian equity markets Read More...

Vinay Paharia

Mr. Vinay Paharia

Collectively over 20 years of experience in Indian financial markets, primarily in equity research & Fund Management Read More...

Bhupesh Kalyani

Mr. Bhupesh Kalyani

Over 18 years of experience in fund management of fixed income securities Read More...

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