Performance Update

DSP Tax Saver: Riding smooth

Some smart portfolio moves, coupled with the good performance of some of its long-term holdings, have contributed to its strong show

Some smart portfolio moves, coupled with the good performance of some of its long-term holdings, have contributed to its strong show

DSP Tax Saver Fund continues to give an above-average performance. It displayed all the ingredients investors look for: it fell less in a falling market and successfully rode the rising market in 2022. Reasons for its good show Unlike many bruised DSP equity funds, its tax-saver has been a face-saver. Some smart portfolio moves, coupled with the positive performance of some of its long-term holdings, have contributed to its strong show. Timely entries and/or exits in stocks like Mahindra & Mahindra and Bajaj Finserv are a case in point. While the above stocks fit into the mould of a growth investor, the fund also has a value-conscious side. A closer look at its performance shows the bargain buying it did after the sharp market fall in March 2020 benefitted it greatly in the last two ye

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