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).
The fund has been a Category Leader on the Fund Size metric
The performance of the fund on a Outperformance Consistency metric has been Good
NAV (Dec 6)
6 Month CAGR
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.
Launched (16y ago)
Jan 18, 2007
AUM in Crores
IISL Nifty 500 TR INR
Standard Deviation (3yr)
Standard Deviation (5yr)
Sharpe Ratio (3yr)
Sharpe Ratio (5yr)
with step up of
|DSP ELSS Tax Saver Fund (Growth)||11,74,657||4,42,045||18.7%|
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.
hdfc bank ltd6.5%
icici bank ltd6.2%
axis bank ltd3.7%
treps / reverse repo investments / corporate debt repo3.6%
state bank of india3.6%
|Fund Name||Fund Size||Outperformance Consistency|
₹ 11,883 cr
₹ 11,693 cr
₹ 17,531 cr
₹ 10,182 cr
₹ 9,101 cr
DSP Investment Managers Private Limited
|Fund Name||Scripbox Opinion||Till Date CAGR|
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.
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.
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.
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.
With an AUM value of 9397.02 Cr. The fund is in the top 10 in the category.
|Portfolio Turnover Ratio||0.51|
|Asset Type (Equity vs Debt)||Weightage|
|Debt & Cash||1.60%|
|Sector||Percentage of Holding|
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.
Yes, DSP Tax Saver Fund (Growth) is eligible for a tax deduction under section 80C of the Income Tax Act, 1961.
To invest in DSP Tax Saver Fund (Growth) through SIP and lumpsum the minimum investment amount is Rs 500.
DSP Tax Saver Fund (Growth) belongs to the category of ELSS equity linked savings scheme.