DSP Tax Saver Fund

Equity | ELSS Mutual Funds
 | 4
Monthly Amount Invested
Duration
Yr
  • Would Have Become
    --
  • Invested Value
    --
  • Total Gain
    --
  • Returns
    -- per annum
₹500 ₹500 0.81 % 4★ ₹10,129 10 Years
Min SIP Min Lumpsum Expense Ratio Rating Fund Size (in Cr) Fund Age
₹500 ₹500 0.81 %
Min SIP Min Lumpsum Expense Ratio
4★ ₹10,129 Cr 10 Years
Rating Fund Size Fund Age

Scheme 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.

How to Invest in DSP Tax Saver Fund

To invest in the DSP Tax Saver Fund with 5paisa, you can follow these steps:

● Log in to your 5paisa account.
● Go to the Mutual Funds section.
● Search for DSP Tax Saver Fund in the search box.
● If you want to start a Systematic Investment Plan (SIP), click on “Start SIP.”
● If you want to make a one-time lump-sum investment, click on “One-time” and then “Invest Now.”

What is the Expense Ratio of DSP Tax Saver Fund

As of 31 January 2023, the expense ratio of the DSP Tax Saver Fund is 0.8%. This percentage represents the cost of running the fund per unit and is calculated as a proportion of the fund’s assets. The expense ratio is charged by the Asset Management Company (AMC) for managing the investor’s holdings in the mutual fund.

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.

Scheme Performance

Returns and Ranks ( as on 21 March 2023 )
1 Year1Y 3 Years3Y 5 Years5Y MaxMax
Trailing Returns 0.6% 28.6% 13.3% 15.8%
Category Average -0.3% 33.5% 11.2% -

Scheme Allocation

Holding
Sector
Asset
HDFC Bank
9.81%
ICICI Bank
7.91%
Infosys
6.51%
St Bk of India
4.62%
Axis Bank
3.67%
Others
67.48%
Banks
29.73%
IT-Software
12.35%
Pharmaceuticals & Biotech
7.56%
Automobiles
6.38%
Finance
4.65%
Others
39.33%
Equity
98.91%
Reverse Repos
1.44%
Net Curr Ass/Net Receivables
-0.35%
Others
0%

Fund House Details

DSP Mutual Fund

DSP Tax Saver Fund

Fund Manager
Rohit Singhania

Exit Load

Exit Load Nil

Advance Ratio

0 0.88 0.84 0.01
Alpha SD Beta Sharpe

Risk-O-Meter

Other Funds from the same Fund House

Peer Comparison

AMC Contact Details

DSP Mutual Fund
AUM:
1,07,911 Cr
Address:
Mafatlal Centre, 10th Floor, Nariman Point, Mumbai 400 021.
Contact:
022-66578000
Email ID:
service@dspim.com

Frequently Asked Questions

You can invest in DSP Tax Saver Fund in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for DSP Tax Saver Fund 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"
The DSP Tax Saver Fund has delivered 15.8% since inception
The NAV of DSP Tax Saver Fund is ₹86.2 as of 21 March 2023.
The expense ratio of DSP Tax Saver Fund is 0.81 % as of 21 March 2023.
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”.
Invest Now