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4 star

DSP Tax Saver Fund


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.67 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 -8.74 2.49 -4.95 -5.05 5.51 32.77 -4.06 2.10 8.42 14.69 9.69
S&P BSE 500 TRI -6.03 2.37 -4.24 -3.55 8.52 37.36 -0.54 3.36 8.31 12.11 7.63
Equity: ELSS -6.14 2.25 -4.13 -3.75 7.93 32.92 -1.43 1.43 6.66 13.06 8.38
Rank within category 24 8 38 29 30 18 22 16 6 5 6
Number of funds in category 38 38 38 38 38 38 37 34 30 29 27

As on 25-Sep-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 -4.06 2.10 8.42 1.88 6,298
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -3.39 5.24 8.12 1.72 21,905
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 2.59 3.03 8.11 1.89 11,001
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 4.70 6.95 -- 1.90 4,181
Tata India Tax Savings Fund  | Invest Online
4 star
Mar-96 -4.64 1.79 8.03 2.09 2,075

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 5.48 22.14 0.02 0.02 1.00 -0.86
S&P BSE 500 TRI 6.34 21.82 0.05 0.06 -- --
Equity: ELSS 4.25 21.39 -0.04 -0.04 0.95 -2.02
Rank within category 14 27 14 14 29 14
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-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 60
Top 10 Stocks (%) 50.12
Top 5 Stocks (%) 38.01
Top 3 Sectors (%) 54.28
Portfolio P/B Ratio 2.37
Portfolio P/E Ratio 19.07

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 92,453 96,921
Giant (%) 54.25 50.93
Large (%) 15.49 16.68
Mid (%) 20.12 24.21
Small (%) 10.14 8.37
Tiny (%) -- 0.16

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 ICICI Bank Financial 24.61 9.91 2.94 9.91
up HDFC Bank Financial 20.35 9.53 5.45 9.22
up Bharti Airtel Communication -- 8.47 0.00 8.47
up Infosys Technology 25.27 5.98 0.83 5.98
up State Bank of India Financial 7.74 5.05 0.00 4.43
equal Reliance Industries Energy 35.28 5.43 1.52 3.29
new HDFC Financial 13.75 2.98 0.00 2.69
up Dr. Reddy's Lab Healthcare 43.87 2.06 0.00 2.06
up NTPC Energy 15.02 2.41 0.00 2.05
equal Ultratech Cement Construction 21.23 3.11 0.75 2.02
down Manappuram Finance Financial 8.47 2.22 0.00 1.97
down Atul Chemicals 28.03 1.86 0.47 1.86
equal ACC Construction 22.08 2.17 0.00 1.82
down JB Chemicals & Pharma Healthcare 23.88 2.26 0.00 1.78
down Crompton Greaves Consumer Electricals Cons Durable 36.39 2.24 0.00 1.75
up Hindalco Inds. Metals 18.88 1.67 0.00 1.65
equal Hindustan Unilever FMCG 70.78 2.51 0.00 1.55
down Alembic Pharmaceuticals Healthcare 19.82 2.11 0.00 1.50
equal Britannia Inds. FMCG 53.01 1.52 0.00 1.43
down Emami FMCG 52.01 1.60 0.00 1.39
down Ipca Laboratories Healthcare 28.57 2.36 0.64 1.30
equal Cipla Healthcare 37.95 1.32 0.00 1.26
up Sheela Foam Textiles 39.62 1.18 0.00 1.18
up Bharat Electronics Engineering 14.24 1.23 0.00 1.18
equal Gujarat State Petronet Energy 6.86 1.21 0.00 1.16

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-Aug-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:


2.49%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 47.1050

Dividend: ₹ 13.2710


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: 11.98%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 6,298 Cr (As on 31-Aug-2020)
Expense: 1.88% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 134.00%

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

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