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DSP Tax Saver Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.00 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.30 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 -19.24 1.25 4.91 -1.58 -15.39 -18.98 -15.12 0.13 6.36 13.13 --
S&P BSE 500 TRI -20.29 1.23 5.61 -2.32 -14.74 -19.77 -18.88 -0.76 3.75 9.02 --
Equity: ELSS -18.83 1.12 4.72 -2.16 -15.73 -18.30 -17.04 -1.24 3.78 11.06 --
Rank within category 20 12 18 10 20 21 13 12 4 6 --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 1

As on 29-May-2020

Best & Worst Performance

Best (Period) Worst (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 28.04 (07-Apr-2014 - 07-Jul-2014) -35.34 (23-Dec-2019 - 23-Mar-2020)
Year 74.21 (03-Sep-2013 - 03-Sep-2014) -29.09 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.61 21.77 -0.13 -0.13 1.02 1.12
S&P BSE 500 TRI 1.56 21.09 -0.18 -0.20 -- --
Equity: ELSS 0.96 20.74 -0.21 -0.22 0.95 -0.77
Rank within category 10 30 10 10 31 8
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-May-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 60
Top 10 Stocks (%) 44.18
Top 5 Stocks (%) 30.50
Top 3 Sectors (%) 47.35
Portfolio P/B Ratio 2.07
Portfolio P/E Ratio 15.20

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 75,051 82,260
Giant (%) 56.54 50.80
Large (%) 13.49 16.48
Mid (%) 21.36 24.63
Small (%) 8.60 8.08
Tiny (%) -- 0.12

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 ICICI Bank Financial 22.94 9.59 2.94 8.30
down HDFC Bank Financial 19.87 9.53 4.34 7.22
down Bharti Airtel Communication -- 7.26 0.00 7.17
down Reliance Industries Energy 26.13 5.13 1.52 4.11
down Axis Bank Financial 60.43 7.36 0.00 3.70
down Infosys Technology 17.95 4.96 0.83 3.13
down Ultratech Cement Construction 18.95 3.11 0.63 2.92
up Hero Motocorp Automobile 12.22 2.71 0.00 2.71
up State Bank of India Financial 10.76 5.07 0.00 2.53
down Kotak Mahindra Bank Financial 28.77 3.86 1.39 2.39
equal NTPC Energy 5.00 2.41 0.00 2.34
down Alembic Pharmaceuticals Healthcare 19.34 2.11 0.00 2.11
equal Crompton Greaves Consumer Electricals Cons Durable 29.32 2.24 0.00 2.06
up ACC Construction 17.79 2.00 0.00 2.00
down JB Chemicals & Pharma Healthcare 19.79 2.21 0.00 1.86
equal Atul Chemicals 20.92 1.86 0.44 1.86
equal Asian Paints Chemicals 59.80 3.41 0.83 1.80
down BPCL Energy 9.61 2.41 0.00 1.66
new Titan Company Cons Durable 56.83 1.48 0.00 1.48
down Ipca Laboratories Healthcare 31.16 2.36 0.56 1.44
equal HCL Technologies Technology 13.73 4.66 1.17 1.44
new Sun Pharmaceutical Inds. Healthcare 29.64 2.07 0.00 1.40
equal Federal Bank Financial 5.88 3.52 0.00 1.30
new Manappuram Finance Financial 7.57 1.23 0.00 1.23
equal Sheela Foam Textiles 34.62 1.18 0.00 1.17

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-2020

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:


1.25%

Change from previous, NAV as on 29-May-2020

Growth: ₹ 43.9450

Dividend: ₹ 31.0120


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: 11.80%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 5,407 Cr (As on 30-Apr-2020)
Expense: 0.93% (As on 30-Apr-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 140.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend14-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

Upcoming Video

Value Investing

Shop for value or hold cash

dateFriday, 12-Jun-2020
time12:30 PM - 01:00 PM