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DSP Tax Saver Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.46 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.22 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 2.02 0.10 1.58 3.35 7.26 9.59 18.12 13.46 11.56 16.46 --
S&P BSE 500 TRI 2.43 0.21 1.71 3.73 9.06 6.89 11.79 13.26 9.17 12.57 --
Equity: ELSS 2.47 0.29 1.80 3.77 8.43 7.70 12.58 12.48 9.07 14.34 --
Rank within category 30 30 29 27 24 11 8 16 5 6 --
Number of funds in category 38 38 38 38 37 36 35 34 29 27 1

As on 16-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 20.42 (07-May-2014 - 06-Jun-2014) -13.14 (07-Sep-2018 - 09-Oct-2018)
Quarter 28.04 (07-Apr-2014 - 07-Jul-2014) -13.99 (30-Nov-2015 - 29-Feb-2016)
Year 74.21 (03-Sep-2013 - 03-Sep-2014) -13.74 (27-Feb-2015 - 29-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 14.35 13.74 0.63 0.97 1.01 0.45
S&P BSE 500 TRI 13.80 13.09 0.92 -- -- --
Equity: ELSS 13.10 13.33 0.55 0.82 0.96 -0.35
Rank within category 13 24 14 14 27 16
Number of funds in category 34 34 34 34 34 34

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 60
Top 10 Stocks (%) 44.01
Top 5 Stocks (%) 28.56
Top 3 Sectors (%) 56.99
Portfolio P/B Ratio 2.45
Portfolio P/E Ratio 20.08

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 99,011 98,037
Giant (%) 63.67 52.66
Large (%) 9.21 14.56
Mid (%) 18.27 24.99
Small (%) 8.85 8.12
Tiny (%) -- 0.23

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
down HDFC Bank Financial 29.93 9.53 3.48 7.20
down ICICI Bank Financial 66.86 9.59 2.94 7.12
up Axis Bank Financial 46.94 7.36 0.00 4.88
up Bharti Airtel Communication -- 4.71 0.00 4.71
down Infosys Technology 20.00 4.96 0.83 4.65
down State Bank of India Financial 28.05 5.10 0.00 4.28
up Reliance Industries Energy 23.87 4.54 1.04 4.00
up Larsen & Toubro Construction 19.36 4.33 2.25 2.65
equal BPCL Energy 15.38 2.41 0.00 2.29
up Ultratech Cement Construction 40.37 2.23 0.63 2.23
up NTPC Energy 10.22 2.19 0.00 2.13
up ONGC Energy 6.44 2.44 0.00 2.05
up Maruti Suzuki India Automobile 37.39 2.72 0.00 2.04
down Ipca Laboratories Healthcare 26.06 2.22 0.56 1.97
down Kotak Mahindra Bank Financial 39.48 3.39 0.00 1.97
up Crompton Greaves Consumer Electricals Cons Durable 35.12 1.97 0.00 1.93
equal Coal India Energy 6.84 1.85 0.00 1.76
equal Federal Bank Financial 12.04 3.52 0.00 1.73
equal Asian Paints Chemicals 68.06 3.41 0.71 1.71
up Emami FMCG 48.45 1.60 0.00 1.60
up GAIL Energy 11.01 4.40 0.55 1.42
equal HDFC Life Insurance Financial 91.33 1.56 0.00 1.42
up Wipro Technology 14.51 1.40 0.00 1.40
up Hindustan Unilever FMCG 67.70 2.26 0.00 1.40
down Indusind Bank Financial 20.82 2.92 0.00 1.36

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 31-Dec-2019

Fund Manager

— Rohit Singhania since 16-Jul-2015

Education: Mr. Singhania is an MMS.

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

Funds Managed:


0.10%

Change from previous, NAV as on 16-Jan-2020

Growth: ₹ 55.5120

Dividend: ₹ 39.6290


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
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 16.25%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 6,260 Cr (As on 31-Dec-2019)
Expense: 1.00% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 72.00%

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

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM