VR Logo

4 star

DSP Tax Saver Fund


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.40 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.94 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.87 -2.85 -1.20 9.04 16.75 32.71 31.42 11.91 18.43 18.18 15.14
S&P BSE 500 TRI 6.05 -3.10 -2.00 7.93 14.21 30.70 34.31 11.12 17.54 15.55 12.49
Equity: ELSS 6.29 -2.74 -1.85 7.75 13.93 29.24 28.45 8.96 16.04 15.82 13.26
Rank within category 5 24 7 8 7 9 13 7 6 3 3
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 26-Feb-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  | Invest Online
4 star
Jan-07 31.42 11.91 18.43 1.85 7,332
Axis Long Term Equity Fund
4 star
Dec-09 23.36 13.67 17.37 1.61 25,508
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 39.63 15.26 23.31 1.83 5,648
UTI Long Term Equity Fund  | Invest Online
4 star
Dec-99 30.07 10.65 15.93 2.12 1,641
Kotak Tax Saver Regular Plan  | Invest Online
4 star
Nov-05 26.77 12.19 17.41 2.21 1,540

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 17.28 13-May-2009 - 20-May-2009 -21.95 15-Jan-2008 - 22-Jan-2008
Month 30.64 11-May-2009 - 10-Jun-2009 -36.77 20-Feb-2020 - 23-Mar-2020
Quarter 74.06 09-Mar-2009 - 10-Jun-2009 -38.54 28-Jul-2008 - 27-Oct-2008
Year 120.67 09-Mar-2009 - 09-Mar-2010 -58.86 14-Jan-2008 - 13-Jan-2009

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.59 23.36 0.21 0.25 1.01 0.30
S&P BSE 500 TRI 9.24 22.86 0.20 0.24 -- --
Equity: ELSS 7.30 22.40 0.12 0.14 0.95 -1.73
Rank within category 9 28 11 10 31 11
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-Jan-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 57
Top 10 Stocks (%) 46.50
Top 5 Stocks (%) 32.93
Top 3 Sectors (%) 53.48
Portfolio P/B Ratio 2.52
Portfolio P/E Ratio 22.09

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 90,792 1,10,550
Giant (%) 48.78 52.11
Large (%) 17.60 15.12
Mid (%) 24.68 24.30
Small (%) 8.93 8.62
Tiny (%) -- 0.47

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down ICICI Bank Financial 28.01 9.91 4.42 8.56
equal Infosys Technology 28.69 8.07 1.68 8.06
down HDFC Bank Financial 27.56 9.53 5.45 7.07
down Bharti Airtel Communication -- 8.47 0.00 5.30
up Axis Bank Financial 74.19 7.36 0.00 3.94
down State Bank of India Financial 15.02 5.05 0.00 3.63
equal Hindustan Unilever FMCG 68.40 3.02 0.00 2.89
up Tata Steel Metals -- 4.53 0.00 2.42
equal Dr. Reddy's Lab Healthcare 33.82 3.07 0.00 2.33
equal Ultratech Cement Construction 25.73 3.11 0.82 2.30
equal Crompton Greaves Consumer Electricals Cons Durable 51.48 2.24 0.00 2.10
equal ACC Construction 22.75 2.26 0.00 1.93
equal Manappuram Finance Financial 9.03 2.22 0.00 1.78
equal Atul Chemicals 31.17 1.97 0.81 1.73
equal Cipla Healthcare 28.35 1.68 0.00 1.68
equal NTPC Energy 13.84 2.41 0.00 1.60
up Sun Pharmaceutical Inds. Healthcare 59.28 2.07 0.00 1.60
up BPCL Energy 24.30 2.41 0.00 1.53
down Emami FMCG 51.75 1.60 0.00 1.49
equal Sheela Foam Textiles 46.91 1.44 0.00 1.44
equal Bharat Electronics Engineering 18.81 1.34 0.00 1.34
new Bajaj Finserv Financial 41.68 1.34 0.00 1.32
down Hindalco Inds. Metals 34.38 1.85 0.00 1.30
up ONGC Energy 153.86 2.44 0.00 1.29
equal Mphasis Technology 24.57 1.34 0.00 1.28

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-Jan-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 DSPBR AMC he has worked with HDFC Securities Ltd. and IL&FS Investsmart Limited.

Interviews:

Funds Managed:


-2.85%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 64.6570

Dividend: ₹ 17.1500


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: 18-Jan-2007
Return Since Launch: 14.13%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 7,332 Cr (As on 31-Jan-2021)
Expense: 1.85% (As on 31-Jan-2021)
Risk Grade: Average
Return Grade: Above Average
Turnover: 114.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend12-Feb-20210.7100

 05-Nov-20200.3000
 14-Feb-20200.4000
 08-Nov-20190.4000
 09-Aug-20190.4000
 10-May-20190.4000
 08-Feb-20190.4500
 09-Nov-20180.4500
 10-Aug-20180.4500
 11-May-20180.4500
 09-Feb-20180.4500
 10-Nov-20170.4500
 11-Aug-20170.4300
 12-May-20170.4000
 10-Feb-20170.4000
 18-Nov-20160.4000
 19-Aug-20160.4000
 20-May-20160.4500
 12-Feb-20160.4500
 20-Nov-20150.4500
 21-Aug-20150.5000
 15-May-20150.4500
 13-Feb-20151.9000
 14-Feb-20141.2500
 15-Feb-20131.5000

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

VR Helpline

Time for you to tread with caution?

dateSaturday, 06-Mar-2021
time04:00 PM - 04:30 PM