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  • DSP ELSS Tax Saver Fund (Growth)

Formerly DSP Tax Saver Reg Gr

DSP Mutual Funds

DSP ELSS Tax Saver Fund (Growth)

EquityTax Saving
Recommended
Top Ranked

114.981

NAV (Apr 19)

18.9%
5 Year CAGR
Scripbox Opinion
Recommended
DSP ELSS Tax Saver Fund (Growth) is recommended for investment within tax saving mutual funds.

Tax saving funds provides tax saving with inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Our analysis of this fundLearn how we rate funds ->

Fund Size

Category Leader

The fund has been a Category Leader on the Fund Size metric

Outperformance Consistency

Good

The performance of the fund on a Outperformance Consistency metric has been Good

Scripbox Recommended Tax Saving Fund
Save tax combined with inflation beating long term growth. Invest in Scripbox Recommended Tax Saver Funds to unlock the best of both worlds - tax saving and long term wealth creation.?Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

114.981

NAV (Apr 19)

Fund Returns

Last 1Y
41.3%
Last 3Y
21.3%
Last 5Y
18.9%
Last 10Y
18.1%
Since Inception
15.2%
6 Month CAGR
19.3%

Scheme Information

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 to avail of a deduction from total income,as permitted under the Income Tax Act,1961 from time to time.

Expense Ratio
1.62
Launched (17y ago)
Jan 18, 2007
AUM in Crores
14075.555
ISIN
INF740K01185
Lock-in
3
Benchmark
Nifty 500 TR INR
SIP Minimum
500
Lumpsum Min.
500
Standard Deviation (3yr)
12.8
Standard Deviation (5yr)
18.9
Beta (3yr)
0.92
Beta (5yr)
0.98
Sharpe Ratio (3yr)
1.072
Sharpe Ratio (5yr)
0.727
YTM
0
Fund Managers

Rohit Singhania

Fund Manager

Charanjit Singh

Fund Manager

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
DSP ELSS Tax Saver Fund (Growth)70%11,81,009 4,48,39718.9%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2024-04-19

Top Stock Holdings

icici bank ltd

8.4%
8.4%

hdfc bank ltd

7.4%
7.4%

state bank of india

4.7%
4.7%

axis bank ltd

3.1%
3.1%

mahindra & mahindra ltd

2.9%
2.9%
See all holdings

Allocation by Sector

financial services

36%
36%

consumer cyclical

12%
12%

healthcare

8.2%
8.2%

basic materials

8%
8%

technology

7.9%
7.9%
See all sectors

Comparison with Equity Funds

Fund NameFund SizeOutperformance Consistency
HDFC Large and Mid Cap Fund (G)
HDFC Large and Mid Cap Fund (G)

₹ 17,313 cr

₹ 14,075 cr

₹ 21,475 cr

₹ 53,505 cr

₹ 41,281 cr

amc-img

About the AMC

DSP Investment Managers Private Limited

DSP Asset Managers Private Limited manages assets worth 136,361 crores and was set up on 13 May 1996. It's current offering of mutual fund schemes includes 48 equity,114 debt and 19 hybrid funds.amc-img
phone-img022-66578000
Fund NameScripbox Opinion
Till Date CAGR

21.3%

15.2%

20.1%

14.8%

20.1%

14.8%

37.3%

18.2%

20.8%

13%

DSP Tax Saver Fund (Growth) is an open-ended equity-linked savings scheme. Being a savings scheme, it provides a tax benefit of up to Rs 1.5 lakhs. An equity-linked savings scheme provides long-term capital appreciation and growth along with tax savings under Direct Taxes. The fund maintains a diversified portfolio of strong companies at reasonable prices across different industries and sectors. Furthermore, the fund invests in a portfolio of stocks belonging to different sectors, market capitalization, and asset types. The scheme follows a bottom-up investment approach which is driven by value investing in growth and appreciation-focused business models. 

As of 3rd April 2022, DSP Tax Saver Fund (Growth) has invested 98.4% in equity and equity related securities. While the remainder of the asset allocation is towards debt and fixed income instruments. The fund has a mandatory lock-in period of 3 years. After maturity, you can either withdraw the funds or stay invested in the scheme. 

Investment Objective of DSP Tax Saver Fund (Growth)

DSP Tax Saver Fund (Growth) aims to generate medium to long-term capital appreciation. Owing to its investment objective, the fund invests in a diversified portfolio comprising equity and equity related securities of corporates. It invests in established as well as emerging companies across market caps to provide a combination of growth & stability. 

The prescribed allocation is 80% – 100% in Equity Securities and 0% – 20% in Debt and Money Market Securities including ADRs, GDRs and foreign securities. The fund also enables its investors to avail of a tax deduction from total income as per the Income Tax Act, 1961. 

Scheme Details of DSP Tax Saver Fund (Growth)

DSP Mutual Fund launched the DSP Tax Saver Fund (Growth) on 18th January 2007 under the tax saving category. With an existence of over 15 years, the fund continues to generate medium to long-term capital appreciation along with tax savings.

  • NAV and Returns – The NAV of the fund as of 4th April 2022 is Rs 81.026. The risk-o-meter of the fund is very high risk. Hence, an investor must understand that their principal amount of investment will be at very high risk. DSP Tax Saver Fund (Growth) has delivered consistent returns of 14.80% since its launch. 
  • Minimum Investment – For a SIP investment, the fund mandates a minimum SIP investment of Rs 500. To make a lump sum investment an investor must invest a minimum amount of Rs 500.
  • Expense Ratio and Exit Load – The fund charges an expense ratio of 1.80% on the units of the mutual funds at the NAV. No exit load is charged by the scheme. 
  • Fund Manager – The fund managers are Charanjit Singh and Rohit Singhania. Mr Singh holds a bachelor’s degree in electronics and communication as well as an MBA in finance and systems. Prior to joining DSP Mutual Fund, he worked with B&K Securities India in Capital Goods, Power & Infra, Axis Capital Ltd. in Capital Goods and Infra, BNP Paribas India Securities, Thomas Weisel Partners, HSBC, IDC Corp., and Frost & Sullivan in Capital Goods and Infra. Mr Singhania has been managing the scheme since July 2015. Earlier, he has worked with HDFC Securities Ltd. and IL&FS Investsmart Limited.
  • Other Details – Being an ELSS fund, the fund has a mandatory 3 year lock-in period from the date on which investment is made. Hence, an investor cannot make any redemption before the maturity period of 3 years. The AUM of DSP Tax Saver Fund (Growth) is Rs 10,802.014 cr as on 4th April 2022. The fund benchmarks to IISL Nifty 500 TR INR.

Growth Review

Scripbox recommends DSP Tax Saver Fund (Growth) within the equity-linked tax saving mutual fund category. Equity-Linked Tax saving mutual funds provide wealth appreciation coupled with a tax benefit under the Income Tax Act 1961 against a lock-in period of 3 years.

The fund holds a good rank on the basis of average 1 year rolling return – 22.04% and average 3 years rolling return – 19.01%. Returns were calculated based on 1 year and 3 years rolling returns rolled monthly for the last 4 years. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund’s absolute and relative performance across all timescales, without bias.

  • The fund is in the top 5 based on the quarterly outperformance count in the category. Out of 16 quarters the fund has outperformed the category average 10 times.
  • The fund is in the top 5 based on information ratio in the category. The information ratio is used to evaluate the skill of a portfolio manager at generating returns more than a given benchmark.

With an AUM value of 9397.02 Cr. The fund is in the top 10 in the category.

  1. With an existence of over 15 years, the fund has a sufficient history for analysis of the fund. Moreover, over these years the track record of the fund has been good. 
  2. Owing to its AUM or relative size of Rs 9,397 cr, the fund is considered a leader within the tax-saving mutual fund category.
  3. Since its launch the fund has performed well and provided inflation-beating returns in agreement with its investment objective.

Fund Performance

Annualised Returns

PeriodReturns
10 Years17.80%
5 Years14.60%
3 Years18.70%
1 Year22.20%
The above mentioned data is as of 4th April 2022

Performance Ratio

Portfolio Turnover Ratio0.51
Standard Deviation22.52%
Portfolio Beta1
R-Squared96.71%
Sharpe Ratio0.76
The above mentioned data is as of 4th April 2022

Asset Allocation

Asset Allocation as per Asset Type

Asset Type (Equity vs Debt)Weightage
Equity98.40%
Debt & Cash1.60%
The above mentioned data is as of 4th April 2022

Asset Allocation As per Sector

SectorPercentage of Holding
Financial Services35.50%
Consumer Cyclical13.10%
Technology11.10%
Basic Materials10.40%
Industrials9.60%
Healthcare6.40%
Utilities4.90%
Consumer Defensive3.10%
Consumer Services3%
Energy1.30%
The above mentioned data is as of 4th April 2022

Frequently Asked Questions

Should I invest in a DSP Tax Saver Fund (Growth)?

DSP Tax Saver Fund (Growth) invests in established as well as emerging companies. These companies belong to different market capitalization to deliver growth and stability to the portfolio. Being an equity linked savings scheme, the fund provides a tax benefit along with wealth appreciation. The fund helps an investor in growing their wealth and saving taxes. However, due to exposure to the equity market, the fund is subject to short term fluctuations during the ups and downs of the market. Hence, it is suitable for an investor who wants to invest for the long term and does not have short term liquidity requirements. An investor who understands the risk associated with the market fluctuations. No doubt tax saving is an attractive factor. However, it must not be the only factor while investing in the fund.

Is DSP Tax Saver Fund (Growth) eligible for section 80C deduction?

Yes, DSP Tax Saver Fund (Growth) is eligible for a tax deduction under section 80C of the Income Tax Act, 1961.

What is the minimum investment amount for DSP Tax Saver Fund (Growth)?

To invest in DSP Tax Saver Fund (Growth) through SIP and lumpsum the minimum investment amount is Rs 500.

What is the category of DSP Tax Saver Fund (Growth)?

DSP Tax Saver Fund (Growth) belongs to the category of ELSS equity linked savings scheme.

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