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4 star

DSP Tax Saver Fund


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.62 Lakh

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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(₹)
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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 -10.35 -0.32 1.36 6.09 17.61 -11.07 -3.45 2.37 7.37 14.32 10.66
S&P BSE 500 TRI -10.03 -0.42 1.44 6.45 18.81 -10.99 -4.74 2.35 6.32 11.43 8.38
Equity: ELSS -10.49 -0.38 1.11 5.42 15.05 -11.38 -5.48 0.31 4.84 12.20 9.07
Rank within category 19 16 15 11 8 18 14 10 3 5 5
Number of funds in category 38 38 38 38 38 38 36 34 30 28 27

As on 10-Jul-2020

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 -3.45 2.37 7.37 1.87 5,789
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -0.30 6.12 7.63 1.74 20,292
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 0.47 2.61 6.88 1.93 10,101
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 -0.76 5.35 -- 1.89 3,538
Tata India Tax Savings Fund  | Invest Online
4 star
Mar-96 -8.84 0.98 7.03 2.13 1,855

Best & Worst Performance

Best (Period) Worst (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 4.64 22.14 -0.03 -0.03 1.01 0.37
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 2.32 21.15 -0.14 -0.15 0.95 -2.02
Rank within category 7 29 7 7 31 7
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 60
Top 10 Stocks (%) 41.29
Top 5 Stocks (%) 30.20
Top 3 Sectors (%) 49.73
Portfolio P/B Ratio 2.32
Portfolio P/E Ratio 17.18

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 81,419 91,142
Giant (%) 53.97 52.99
Large (%) 13.74 15.49
Mid (%) 23.48 23.90
Small (%) 8.80 7.82
Tiny (%) -- 0.04

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 24.39 9.59 2.94 7.62
up Bharti Airtel Communication -- 7.37 0.00 7.37
down HDFC Bank Financial 22.27 9.53 5.45 7.17
up Reliance Industries Energy 32.28 5.43 1.52 5.43
up Infosys Technology 20.07 4.96 0.83 2.61
up Hindustan Unilever FMCG 77.37 2.51 0.00 2.51
down Ultratech Cement Construction 18.86 3.11 0.75 2.20
new State Bank of India Financial 8.83 5.05 0.00 2.19
up Manappuram Finance Financial 9.21 2.15 0.00 2.15
down HCL Technologies Technology 14.29 4.66 1.17 2.04
down JB Chemicals & Pharma Healthcare 20.44 2.26 0.00 2.01
down ACC Construction 18.16 2.17 0.00 1.99
equal Kotak Mahindra Bank Financial 31.08 3.86 1.39 1.98
down Hero Motocorp Automobile 14.71 2.71 0.00 1.97
down Crompton Greaves Consumer Electricals Cons Durable 30.40 2.24 0.00 1.92
down Alembic Pharmaceuticals Healthcare 21.40 2.11 0.00 1.91
equal NTPC Energy 13.29 2.41 0.00 1.90
up BPCL Energy 26.72 2.41 0.00 1.65
equal Atul Chemicals 20.60 1.86 0.44 1.63
down Axis Bank Financial 66.93 7.36 0.00 1.54
up Britannia Inds. FMCG 63.92 1.51 0.00 1.51
up Larsen & Toubro Construction 13.71 3.78 0.00 1.45
new HDFC Asset Management Company Financial 41.45 1.40 0.00 1.40
down Emami FMCG 34.78 1.60 0.00 1.36
down Ipca Laboratories Healthcare 34.64 2.36 0.56 1.32

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-Jun-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:


-0.32%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 46.2790

Dividend: ₹ 13.0380


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: 18-Jan-2007
Return Since Launch: 12.03%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 5,789 Cr (As on 30-Jun-2020)
Expense: 1.87% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 141.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend14-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
 04-Mar-20110.5000
 29-Feb-20083.6000

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 Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM