The fund has made the most of market opportunities with smart calls

Investors looking to invest in Equity Linked Savings Schemes can bet on Principal Tax Savings fund. Investment in this fund has a three-year lock-in and qualifies for deduction under Sec 80C of the Income-tax Act up to Rs 1.5 lakh. The fund boasts of a return (annual) of about 20 per cent in the last five years, higher than peers such as DSPBR Tax Saver, HDFC Tax Saver and L&T Tax Advantage....