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DSP ELSS Tax Saver Fund

DSP ELSS Tax Saver Fund

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Benchmark: NIFTY 500 TRI info icon

11.34 lakh people have invested in this fund

View performance details

Return:

This fund

18.00%

NIFTY 500 TRI

14.30%

NIFTY 50 TRI

14.15%

Invested

Earning

This fund

18.00%

NIFTY 500 TRI

14.30%

NIFTY 50 TRI

14.15%

team 11.34 lakh people have invested in this fund as of

This is an Equity Tax-saving, ELSS fund with NIFTY 500 TRI as its benchmark. The risk level for this fund is categorized as Very High Risk.

Total AUM

16,835.11 crores as of Nov 30, 2024

Age of Fund

17 years 10 months since Jan 18, 2007

Expense Ratio

1.64% as of Dec 13, 2024

Exit Load

Nil  

Ideal holding period

10 Years+ / 3 years lock-in

Holdings

as of Nov 30, 2024

HDFC Bank Limited

9.45%

ICICI Bank Limited

7.16%

State Bank of India

3.92%

Infosys Limited

3.71%

Axis Bank Limited

3.46%

Kotak Mahindra Bank Limited

2.93%

Mahindra & Mahindra Limited

2.61%

Large Cap

65.70%

Mid Cap

18.50%

Small Cap

15.60%

Banks

28.80%

Pharmaceuticals & Biotechnology

8.50%

It - Software

8.30%

Finance

6.80%

Construction

5.30%

Rolling Returns

Bars show distribution of returns in given range for selected time period.

View performance details

Things to know before you invest

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What is in DSP ELSS Tax Saver Fund?

  1. This is an Equity Linked Savings Scheme (ELSS).
  2. Equity Linked Savings Scheme or ELSS (lock in period: 3 years) allows you to avail tax deduction of up to Rs.1.5 lakh under Section 80C of Indian Income Tax Act, 1961 under the old tax regime.
  3. It invests in established as well as emerging companies across market caps to provide a combination of growth & stability.
  1. You can save up to Rs 46,800 by investing up to Rs 1.5 lakh in this fund.
  2. It also helps you aim to grow your wealth by investing in a mix of large & mid-sized companies, offering growth at reasonable prices.
  3. Lowest lock-in period of 3 years as compared to other tax saving options under Section 80C.
  4. Can help you beat the impact of rising prices over the long-term.
  1. Consider this fund if you
    • Want to save tax.
    • Have the patience & mental resilience to remain invested for a decade or more.
    • Recognize market falls as good opportunities to invest even more.
    • Accept that equity investing means exposure to risk.
  1. Tax Saver fund carries Very High Risk.
  2. There is a lock-in period of 3 years, once you invest.
  3. Expect short term return fluctuations, especially during periods of market ups & downs.

Fund managers:

Rohit Singhania

Rohit Singhania

Total work experience of 24 years. Managing this fund since July 2015.
Total work experience of 24 years. Managing this fund since July 2015.

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Portfolio

Prescribed asset allocation: 80% - 100% Equity and equity related securities , 0% - 20% Investments in ADRs, GDRs and foreign securities , 0% - 20% *Debt and Money Market Securities

Current Allocation

as of Nov 30, 2024

Top holdings

HDFC Bank Limited

9.45%

ICICI Bank Limited

7.16%

State Bank of India

3.92%

Infosys Limited

3.71%

Axis Bank Limited

3.46%

Allocation by Market Cap

Large Cap

65.70%

Mid Cap

18.50%

Small Cap

15.60%

Top Sectors

Banks

28.10%

Pharmaceuticals & Biotechnology

8.29%

It - Software

8.08%

Finance

6.61%

Construction

5.12%

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments

2.60%

Cash & cash equivalents

-0.10%

Credit rating profile

Cash & Equivalent

100.00%

Instrument break-up

TREPS

100.00%


Indicators

Portfolio turnover ratio

0.37 last 12 months

Compare Performance

Performance highlights over last

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investment

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  • Historical Returns (As per SEBI format)as of with investment of10,000

This fund NIFTY 500 TRI ^ NIFTY 50 TRI #
CAGR Current Value CAGR Current Value CAGR Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date IDCW per unit NAV Before NAV After

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Invested as

Invested Amount

Invested since

This fund

Vs

NIFTY 500 TRI

NIFTY 50 TRI

Gold

PPF

Funds Annual returns Current Value Absolute Growth

Chart type:

Invested as

Invested Amount

Invested period

Funds Minimum Median Maximum % times -ve returns % times returns > 7%

Date of allotment: Jan 18, 2007.

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan.

Since inception returns have been calculated from the date of allotment till June 30, 2021

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Rolling returns have been calculated based on returns from regular plan growth option.

^ Fund Benchmark # Additional Benchmark

Fund Details

Fund Details

Investment Objective

The primary investment objective of the Scheme is to seek 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 a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time.
There is no assurance that the investment objective of the Scheme will be realized.

Fund Type

Equity – Tax-saving
ELSS Fund

An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

Riskometer

Level of Risk in the fund

View details
Riskometer

Minimum Investment

Rs.  500 Lumpsum
Rs.  500 SIP– 6 instalments
Rs.  500 Minimum Additional Purchase

FAQs

FAQs

An Equity Linked Savings Scheme (ELSS) is a diversified equity mutual fund scheme which is eligible for tax savings investments under Sec 80C of the Income Tax Act 1961. Taxpayers can avail a tax deduction of up to Rs 1.5 lakh annually by investing in ELSS. ELSS funds have a lock-in period of 3 years; investors cannot redeem thier ELSS units before the completion of 3 years from the investment date. For ELSS investments through SIP, each SIP instalment is locked in for 3 years. ELSS funds offer investors triple benefits of tax savings, potential capital appreciation over long investment tenures and tax efficient returns.

Features of DSP tax saver fund are:
  • Tax Benefits: DSP Tax Saver Fund offers tax benefits under Section 80C of the Income Tax Act, allowing investors to claim deductions on their taxable income.
  • Lock-in Period: The fund has a mandatory lock-in period of 3 years.

Potential for Capital Appreciation: ELSS funds predominantly invest in equities and equity-related instruments. Historical data shows that equity as an asset class has the potential to deliver superior returns compared to fixed income investments.

  • Multi Cap Strategy: DSP Tax Saver Fund investments across market cap segments i.e. large cap, midcap and small cap. Investments across the market segments (multiap strategy) provide benefits of growth along with relative stability.
  • Top-down / bottom-up approach- DSP Tax Saver follows at top-down approach for sector allocation combined with bottom-up stock selection.
  • Growth at Reasonable Price (GARP) approach using a blend of styles- The GARP approach combines the benefits of growth and value investing. The benefit for investors is potential superior returns on investment over a long investment horizon, along with a degree of margin of safety in market downturns. The fund manager combines a fundamental view with an evaluation of growth prospects and valuations. Risk: As equity-linked investments, ELSS carries market risk, meaning they can be volatile in the short term. However, historical data shows that ELSS funds have the potential for higher returns compared to traditional fixed-income tax-saving instruments. Investors should invest according to their risk appetites.
  • Flexibility: Investors can choose between growth and IDCW (income distribution cum capital withdrawal) options based on their investment needs. ELSS funds often allow investors to opt for SIPs, which provide the convenience of investing smaller amounts from their regular savings for their tax planning needs.

The DSP Tax Saver Fund offers tax benefits under Section 80C of the Income Tax Act 1961. Investors can claim deductions of up to Rs 1.5 lakh from their taxable income by investing in ELSS. Taxpayers can save up to Rs 46,800 in taxes by investing in DSP Tax Saver Fund. Since ELSS investments are locked in for three years, capital gains made by the fund gains are subject to Long-Term Capital Gains Taxation. Capital gains of up to Rs 1 lakh in a financial year are tax-free; capital gains exceeding Rs 1 lakh are taxed at 10%. The tax treatment of ELSS makes it one of the most tax-efficient investments under Section 80C.

You should invest in the DSP tax-saver Fund because of the following benefits:

  • Save up to Rs 46,800 by investing up to Rs 1.5 lakh in this fund.
  • Lowest lock-in period of 3 years compared to other tax-saving options under Section 80C.
  • Potential to create wealth by investing in a mix of large, mid and small sized companies. The multi -cap strategy provides a combination of growth and stability.
  • Historical data shows that equity as an asset class has the potential of beating inflation over long investment tenures.
  • Investment approach using blend of styles (growth and value), exposure to different market cap segments and industry sectors can make the portfolio durable in the long-term across investment cycles.

Click on the green INVEST button on the left-hand side of the webpage (Click here). If you are an existing DSP Mutual Fund, you can start investing straight away. If you are new to DSP Mutual Funds, you will have to create a portfolio by filling out the necessary details. If you are new to Mutual Funds, you will have to complete KYC requirements. Follow the on-screen instructions to get started. You can also invest in DSP Tax Saver Fund through your mutual fund distributor.

Equity Linked Savings Scheme (ELSS) mutual funds invest primarily in equity and equity related securities. DSP Tax Saver Fund follows a multi-cap strategy i.e. it invests in large cap (top 100 stocks by market capitalization), midcap (101st to 250th stocks by market cap) and small cap stocks (251st or lower stocks by market cap). The investment strategy of DSP Tax Saver Fund combines a top-down sector allocation approach (based on overall sector attractiveness) with bottomup stock picking. The fund manager considers growth prospects, fundamental attributes and valuations for picking stocks. The fund has robust risk management processes and sell-discipline to reduce risks for investors.

Since ELSS mutual funds are equity oriented schemes the risk profile of these investments is higher than traditional fixed income investments; there is no guarantee of capital safety or assured returns in ELSS. ELSS funds can be volatile in the short term depending on market conditions. Therefore, investors should have long investment horizons for ELSS funds. Investors should invest according to their risk appetites and consult with their financial advisors or mutual distributors to determine if ELSS is suitable for their investment needs.

Returns from ELSS investments can vary widely and are influenced by market conditions, economic factors, the investment strategy of the fund manager and the investment horizon. Historical data shows that over long investment tenures, usually 5 years or longer, ELSS funds have the potential of outperforming traditional fixed income tax saving investments. However, there is no guarantee of returns in ELSS funds. Investors should be prepared to hold thier investments for long tenures to get higher returns.

Investors can check the past performance of DSP Tax Saver Fund by clicking on the (Click here) section to see the returns of the DSP Tax Saver Fund. One can check both lump sum and SIP returns. We have shown how DSP Tax Saver Fund has performed versus its benchmark index (Nifty 500 TRI) and its additional benchmark (Nifty 50 TRI) over last 1, 3, 5 years and since inception. One should always evaluate an equity fund?s performance over long investment periods.

team 11.34 lakh peoplehave invested in this fund as of