March 15, 2024
mayank
DSP ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 122.6990
NAV IDCW: Rs 77.1990
Suitable For Which Investors?
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.
Fund’s 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.
Fund Manager:
1) Charanjit Singh
Education: Mr. Singh is a B. Tech – Electronics and Communication, MBA – Finance & Systems
Experience: Prior to joining DSP Mutual Fund, he has worked with Capital Goods, Power & Infra at B&K Securities India, Capital Goods and Infra at Axis Capital Ltd., BNP Paribas India Securities, Thomas Weisel Partners, HSBC, IDC Corp. and Frost & Sullivan.
2) Rohit Singhania
Education: Mr. Singhania is an MMS.
Experience: Prior to joining DSP AMC he has worked with HDFC Securities Ltd. and IL&FS Investsmart Limited.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | DSP Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 17.99% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 14,147 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.79% |
| (As on 29-Feb-2024) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
| Turnover | 38.00% |
Trailing Returns (%) of DSP ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP ELSS Tax Saver Dir | 2.84 | 0.92 | -0.18 | 4.63 | 14.81 | 41.97 | 20.08 | 20.06 | 17.01 | 19.50 |
| S&P BSE 500 TRI | 2.74 | 1.40 | 0.11 | 5.22 | 13.39 | 39.73 | 17.72 | 17.51 | 15.72 | 16.22 |
| Equity: ELSS | 2.77 | 1.20 | -0.03 | 4.85 | 13.63 | 39.69 | 18.58 | 18.17 | 15.90 | 17.54 |
| Rank within category | 19 | 29 | 23 | 20 | 13 | 12 | 9 | 5 | 8 | 4 |
| Number of funds in category | 39 | 39 | 39 | 39 | 38 | 36 | 33 | 31 | 29 | 25 |
Peer Comparison of DSP ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| DSP ELSS Tax Saver Dir | 4 star | 41.97 | 20.08 | 20.06 | 0.79 | 14,147 | 17.99 | — | 11Y 2M | 38.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 36.68 | 17.02 | 19.98 | 0.59 | 21,302 | 20.07 | — | 8Y 2M | 93.00 |
| SBI Long Term Equity Dir | 5 star | 58.69 | 25.77 | 21.52 | 0.98 | 21,203 | 16.9 | — | 11Y 2M | 14.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 47.08 | 25.17 | 18.17 | 1.14 | 13,820 | 15.46 | — | 11Y 2M | 29.85 |
| Quant ELSS Tax Saver Dir | 5 star | 54.11 | 31.90 | 32.25 | 0.76 | 7,770 | 22.44 | — | 11Y 2M | 162.00 |
Portfolio Analysis of DSP ELSS Tax Saver Fund
| No. of Stocks | 65 |
| Top 10 Stocks | 37.92% |
| Top 5 Stocks | 25.42% |
| Top 3 Sectors | 51.42% |
| Portfolio P/B Ratio | 2.99 |
| Portfolio P/E Ratio | 18.18 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,53,399 | 1,64,198 |
| Giant (%) | 50.89 | 51.70 |
| Large (%) | 21.18 | 19.69 |
| Mid (%) | 25.76 | 23.56 |
| Small (%) | 2.17 | 6.94 |
| Tiny (%) | — | 0.40 |
How to Invest in DSP ELSS Tax Saver Fund?
Chanakya’s Mutual Fund Guidance For DSP ELSS Tax Saver Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://www.dspim.com/ifaxpress/ifalogin
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/aditya-birla-sun-life-elss-tax-saver/