DSP ELSS Tax Saver Fund – Direct Growth

Equity · ELSS
 · ★★★★
500
Min SIP
500
Min Lumpsum
0.78 %
Expense Ratio
★★★★
Rating
11,693
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 08 December 2023 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 23.1% 23.4% 20.2% 17.7%
Category Average 18.6% 20.3% 17.6% -

Scheme Allocation

By Holding
By Sector
By Asset
7.42%
6.1%
3.73%
3.17%
Others
76.13%
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 7.42%
ICICI Bank Banks Equity 6.1%
Axis Bank Banks Equity 3.73%
St Bk of India Banks Equity 3.45%
M & M Automobile Equity 3.17%
Infosys IT - Software Equity 2.95%
Power Fin.Corpn. Finance Equity 2.72%
Hind. Unilever FMCG Equity 2.72%
Tata Motors Automobile Equity 2.56%
HCL Technologies IT - Software Equity 2.52%
NTPC Power Generation & Distribution Equity 2.43%
Sun Pharma.Inds. Pharmaceuticals Equity 1.98%
Coforge IT - Software Equity 1.94%
GAIL (India) Gas Distribution Equity 1.75%
Bajaj Finance Finance Equity 1.74%
Bharti Airtel Telecomm-Service Equity 1.63%
H P C L Refineries Equity 1.6%
O N G C Crude Oil & Natural Gas Equity 1.59%
Emami FMCG Equity 1.55%
B P C L Refineries Equity 1.5%
Hindalco Inds. Non Ferrous Metals Equity 1.49%
Samvardh. Mothe. Auto Ancillaries Equity 1.46%
Ipca Labs. Pharmaceuticals Equity 1.45%
SBI Life Insuran Insurance Equity 1.43%
Bharat Forge Castings, Forgings & Fastners Equity 1.41%
Exide Inds. Auto Ancillaries Equity 1.4%
Tech Mahindra IT - Software Equity 1.33%
SBI Cards Finance Equity 1.27%
Container Corpn. Logistics Equity 1.25%
REC Ltd Finance Equity 1.25%
Bharat Electron Electronics Equity 1.2%
UltraTech Cem. Cement Equity 1.16%
Coromandel Inter Fertilizers Equity 1.14%
IIFL Finance Finance Equity 1.13%
Kotak Mah. Bank Banks Equity 1.11%
Cipla Pharmaceuticals Equity 1.09%
Suven Pharma Pharmaceuticals Equity 1.08%
ACC Cement Equity 1.08%
Alkem Lab Pharmaceuticals Equity 1.04%
Phoenix Mills Realty Equity 1.03%
Alembic Pharma Pharmaceuticals Equity 1.02%
Vardhman Textile Textiles Equity 1.02%
K E C Intl. Capital Goods - Electrical Equipment Equity 1.02%
Century Plyboard Miscellaneous Equity 1.01%
Dr Reddy's Labs Pharmaceuticals Equity 0.99%
Gujarat Fluoroch Chemicals Equity 0.98%
AU Small Finance Banks Equity 0.97%
Max Financial Finance Equity 0.96%
Marico Edible Oil Equity 0.91%
Ahluwalia Contr. Realty Equity 0.85%
Guj.St.Petronet Gas Distribution Equity 0.82%
Crompton Gr. Con Consumer Durables Equity 0.75%
Jindal Steel Steel Equity 0.74%
GHCL Chemicals Equity 0.59%
KNR Construct. Construction Equity 0.59%
Whirlpool India Consumer Durables Equity 0.55%
Finolex Cables Cables Equity 0.52%
G R Infraproject Infrastructure Developers & Operators Equity 0.51%
Chambal Fert. Fertilizers Equity 0.51%
Lupin Pharmaceuticals Equity 0.5%
Atul Chemicals Equity 0.49%
Mphasis IT - Software Equity 0.41%
Pfizer Pharmaceuticals Equity 0.36%
Schaeffler India Bearings Equity 0.25%
Indian Renewable Finance Equity 0.18%
Bharti Airtel PP Telecomm-Service Equity 0.15%
GHCL Textiles Textiles Equity 0.12%
Banks
23.8%
IT-Software
9.78%
Finance
6.47%
Automobiles
6.32%
Consumer Durables
2.99%
Others
50.64%
View all Sectors
Sectors Asset
Banks 23.8%
IT-Software 9.78%
Finance 6.47%
Automobiles 6.32%
Consumer Durables 2.99%
Auto Components 2.91%
Diversified FMCG 2.84%
Cement & Cement Products 2.66%
Gas 2.36%
Industrial Products 2.3%
Insurance 2.3%
Power 2.23%
Construction 2.14%
Petroleum Products 2.04%
Debt 1.83%
Oil 1.8%
Personal Products 1.71%
Telecom-Services 1.67%
Electrical Equipments 1.32%
Aerospace & Defense 1.16%
Transport Services 1.15%
Ferrous Metals 1.11%
Realty 1.08%
Textiles & Apparels 1.02%
Non-Ferrous Metals 0.51%
Cash & Others 0.1%
Equity
97.62%
Reverse Repos
2.49%
Net Curr Ass/Net Receivables
-0.11%
Others
0%

Advance Ratio

0.05
Alpha
0.61
SD
0.88
Beta
0.09
Sharpe

Exit Load

Exit Load Nil

Fund Objective

DSP Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) that was launched on January 18th, 2007. The fund invests in established and emerging companies of various market capitalisations to provide a balance of growth and stability.

The fund is managed by Rohit Singhania and Kaushal Maroo and aims to generate medium to long-term capital appreciation through a diversified portfolio consisting mostly of equity and equity-related securities of corporations. Additionally, the fund’s goal is to allow investors to take advantage of the tax deduction benefits provided by the Income Tax Act 1961.

Pros & Cons

Pros Cons
The DSP Tax Saver Fund has achieved consistently higher annualised returns compared to the category average for the past 1 year, 3 years, 5 years, and 10 years. The DSP Tax Saver Fund has a lock-in period of 3 years, meaning that the investment must be kept in the fund for a minimum of 3 years before it can be redeemed.

Who Should Invest in DSP Tax Saver Fund

DSP Tax Saver Fund is suitable for investors who:

● Wish to avail tax benefits under Sec 80C of Income Tax Act 1961 by investing up to Rs.1.5 lakh annually.
● Are willing to invest in equity markets for a long-term horizon of at least 10 years.
● Recognise market falls as good opportunities to invest even more.
● Accept the inherent risk of equity investments and are willing to bear short-term volatility.
● Are not looking for the highest possible returns at all times but aim for a balance of growth and stability.

What are the Benefits of Investing in DSP Tax Saver Fund

Here are some benefits of investing in DSP Tax Saver Fund:

1. Tax Savings
DSP Tax Saver Fund is an Equity Linked Savings Scheme (ELSS), which allows you to avail a tax deduction on up to Rs 1.5 lakh annually under Sec 80C of the Income Tax Act 1961.

2. Good Returns
The fund has consistently outperformed its category average in terms of annualised returns over the past 1, 3, 5, and 10 years.

3. Diversification
The fund invests in established as well as emerging companies across market caps, providing a combination of growth and stability.

4. Long-Term Investment
DSP Tax Saver Fund has a lock-in period of 3 years, making it ideal for those who are looking for a long-term investment option.

Fund Managers

Rohit Singhania - Fund Manager

Mr Rohit Singhania is the fund manager for all the top-performing funds like DSP India TIGER, Opportunities and Tax Saver Fund in the portfolio, respectively. He has explored different sectors like Auto, Ancillaries, Metals, Infrastructure, Sugar, and Hotels with the DSP team. He has worked with HDFC securities before starting his role at the DSP office. He has experience in portfolio management, analysis of accounts, and advisory service to institutional clients.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

DSP Mutual Fund
AUM:
1,30,149 Cr
Address:
Mafatlal Centre, 10th Floor, Nariman Point, Mumbai 400 021.
Contact:
022-66578000
Email ID:
service@dspim.com

Frequently Asked Questions

How to invest in DSP ELSS Tax Saver Fund – Direct Growth ?

You can invest in DSP ELSS Tax Saver Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for DSP ELSS Tax Saver Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of DSP ELSS Tax Saver Fund – Direct Growth ?

The NAV of DSP ELSS Tax Saver Fund – Direct Growth is ₹114.7 as of 08 December 2023.

How to redeem DSP ELSS Tax Saver Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of DSP ELSS Tax Saver Fund – Direct Growth?

The minimum SIP amount of DSP ELSS Tax Saver Fund – Direct Growth is ₹500

What are the top sectors DSP ELSS Tax Saver Fund – Direct Growth has invested in?

The top sectors DSP ELSS Tax Saver Fund – Direct Growth has invested in are
  1. Banks - 23.8%
  2. IT-Software - 9.78%
  3. Finance - 6.47%
  4. Automobiles - 6.32%
  5. Consumer Durables - 2.99%

Can I make investments in both the SIP and Lump Sum schemes of DSP ELSS Tax Saver Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of DSP ELSS Tax Saver Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have DSP ELSS Tax Saver Fund – Direct Growth generated ?

The DSP ELSS Tax Saver Fund – Direct Growth has delivered 17.7% since inception

What is the expense ratio of DSP ELSS Tax Saver Fund – Direct Growth ?

The expense ratio of DSP ELSS Tax Saver Fund – Direct Growth is 0.78 % as of 08 December 2023.

What is the AUM of DSP ELSS Tax Saver Fund – Direct Growth?

The AUM of DSP ELSS Tax Saver Fund – Direct Growth is ₹1,30,149 Cr as of 08 December 2023

What are the top stock holdings of DSP ELSS Tax Saver Fund – Direct Growth?

The top stock holdings of DSP ELSS Tax Saver Fund – Direct Growth are
  1. HDFC Bank - 7.42%
  2. ICICI Bank - 6.1%
  3. Axis Bank - 3.73%
  4. St Bk of India - 3.45%
  5. M & M - 3.17%

How can I redeem my investments in DSP ELSS Tax Saver Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select DSP ELSS Tax Saver Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.

Is there any lock-in period for DSP Tax Saver Fund - Direct Growth?

Yes, there is lock-in period for DSP Tax Saver Fund – Direct Growth.

Invest Now