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4 star

DSP Tax Saver Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.64 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.46 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 23.52 -0.18 0.23 8.09 10.33 26.35 70.53 18.01 18.24 17.06 --
S&P BSE 500 TRI 18.60 -0.05 0.70 8.96 8.06 21.93 67.71 14.74 16.42 13.68 --
Equity: ELSS 18.34 0.01 0.77 8.49 7.64 21.76 64.30 13.91 15.88 14.77 --
Rank within category 4 34 35 27 6 5 6 4 7 6 --
Number of funds in category 38 38 38 38 38 38 38 35 33 29 1

As on 14-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 70.53 18.01 18.24 0.86 8,747
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 56.64 15.81 17.66 0.78 29,575
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 76.87 21.21 23.26 0.48 7,940
Canara Robeco Equity Tax Saver Fund - Direct Plan  | Invest Online
5 star
Jan-13 70.11 20.46 19.30 1.03 2,227
Kotak Tax Saver - Direct Plan  | Invest Online
4 star
Jan-13 64.54 17.52 17.76 0.86 1,988

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.88 01-Apr-2020 - 09-Apr-2020 -18.12 16-Mar-2020 - 23-Mar-2020
Month 20.79 23-Mar-2020 - 22-Apr-2020 -36.72 20-Feb-2020 - 23-Mar-2020
Quarter 35.15 23-Mar-2020 - 22-Jun-2020 -35.34 23-Dec-2019 - 23-Mar-2020
Year 97.86 23-Mar-2020 - 23-Mar-2021 -29.09 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 18.85 23.45 0.62 0.70 1.02 2.82
S&P BSE 500 TRI 15.83 22.84 0.50 0.59 -- --
Equity: ELSS 14.81 22.45 0.47 0.52 0.96 -0.53
Rank within category 4 28 5 4 31 5
Number of funds in category 35 35 35 35 35 35

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 57
Top 10 Stocks (%) 47.07
Top 5 Stocks (%) 33.28
Top 3 Sectors (%) 57.82
Portfolio P/B Ratio 2.90
Portfolio P/E Ratio 20.04

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,08,240 1,22,008
Giant (%) 51.68 51.48
Large (%) 16.11 15.74
Mid (%) 24.02 24.34
Small (%) 8.19 8.63
Tiny (%) -- 0.30

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Infosys Technology 32.41 8.91 1.83 8.75
up ICICI Bank Financial 24.18 9.91 5.55 8.31
up HDFC Bank Financial 25.88 9.53 5.79 6.49
up Tata Steel Metals 19.00 5.40 0.00 5.40
up Axis Bank Financial 31.67 7.36 0.00 4.22
equal Bharti Airtel Communication -- 8.47 0.00 4.12
up State Bank of India Financial 17.13 5.05 0.00 4.04
down Dr. Reddy's Lab Healthcare 46.45 3.07 0.00 2.47
equal Crompton Greaves Consumer Electricals Cons Durable 43.69 2.24 0.00 2.06
equal Ultratech Cement Construction 35.37 3.11 0.82 2.05
equal ACC Construction 23.04 2.26 0.00 2.02
up Bajaj Finserv Financial 42.82 1.93 0.00 1.93
down Atul Chemicals 40.44 1.97 0.81 1.83
up Sun Pharmaceutical Industries Healthcare 56.02 2.07 0.00 1.71
equal Container Corporation Of India Services 83.89 1.73 0.00 1.68
equal NTPC Energy 15.27 2.41 0.00 1.65
up GAIL Energy 11.89 2.16 0.00 1.63
equal Manappuram Finance Financial 8.24 2.22 0.00 1.62
down Hindustan Unilever FMCG 69.85 3.20 0.00 1.61
equal Max Financial Services Financial 82.06 1.60 0.00 1.60
equal Bharat Petroleum Corporation Energy 6.52 2.41 0.00 1.56
down Cipla Healthcare 32.61 1.80 0.00 1.45
equal Larsen & Toubro Construction 18.39 3.78 0.00 1.39
up Gujarat State Petronet Energy 10.72 1.28 0.00 1.28
equal SBI Life Insurance Company Financial 67.86 2.03 0.00 1.26

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Apr-2021

Fund Manager

— Charanjit Singh since 01-Jan-2021

Education: Mr. Singh is a B. Tech - Electronics and Communication, MBA - Finance & Systems

Experience: Prior to joining DSP Mutual Fund, he has worked with Capital Goods, Power & Infra at B&K Securities India, Capital Goods and Infra at Axis Capital Ltd., BNP Paribas India Securities, Thomas Weisel Partners, HSBC, IDC Corp. and Frost & Sullivan.

Funds Managed:

— Rohit Singhania since 16-Jul-2015

Education: Mr. Singhania is an MMS.

Experience: Prior to joining DSP AMC he has worked with HDFC Securities Ltd. and IL&FS Investsmart Limited.

Interviews:

Funds Managed:


-0.18%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 78.0560

IDCW: ₹ 53.4500


Investment Strategy

The scheme seeks to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors avail of deduction from total income, as permitted under the income tax act.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 18.03%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 8,747 Cr (As on 31-May-2021)
Expense: 0.86% (As on 30-Apr-2021)
Risk Grade: Average
Return Grade: Above Average
Turnover: 86.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW14-May-20210.4000

 12-Feb-20210.7100
 05-Nov-20200.3000
 14-Feb-20200.4000

Contact Information

AMC: DSP Investment Managers Pvt. Ltd.

Address: NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction Western Express Highway, Andheri East Mumbai - 400069

Phone: 022-66178000

Fax: 022-56578181

Website: https://www.dspim.com/

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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