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DSP Tax Saver Fund Review

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DSP Tax Saver Fund

About DSP Mutual Fund  

DSP Mutual funds which is previously known as DSP Blackrock Mutual Fund is one of the oldest financial firm in India. It is one of the largest asset management companies in India with having an average AUM of Rs. 95,547 crores as of September 2018  

About DSP Tax Saver Fund  

DSP tax saver fund is an ELSS that constitutes of equity funds & equity-related securities of corporates portfolio. The aim is to generate medium-long-term capital value & enable investors to avail deduction under Section 80C of Income Tax Act.   

Statistics of DSP Tax Saver Fund  

  • Inception/ Launch DateThe fund was launched on 18th January 2007 by DSP Investment Managers 
  • Risk LevelRisk is rated as moderately high because the performance of the fund is driven by the market’s wide fluctuations 
  • RedemptionBeing a tax-saver fund, it can be redeemed only a lock-in-period of 3 years. 
  • Fund ManagerSince July 2015, Rohit Singhania is managing the fund. 
  • Entry & Exit LoadAn expense ratio of 2.08% will be applied yearly. Exit load is 0%.

Are you looking to invest? Open an account with Gulaq and start investing in Direct Mutual Funds with ZERO commission.  

Investment Objective  

The objective of the fund is to generate medium-long-term capital appreciation from a diversified portfolio that is subsequently constituted of equity& equity-related securities of corporates; also, to enable investors to avail a deduction from total income, as mentioned under the Income Tax Act 1961.  

HISTORICAL RETURNS

Comparative performance of DSP Tax Saver Fund as of November 29, 2019

DSP Tax Saver Fund NIFTY 500 TRI NIFTY 50 TRI
CAGR since Inception 16.29% 12.26% 12.17%
1 Year 16.53% 9.11% 12.38%
3 years 13.20% 12.92% 15.12%
5 Years 11.68% 8.52% 8.39%
Current Value of Rs. 10,000 invested at inception Rs. 28,378.59 Rs. 22,246.95 Rs. 22,112.51
NAV/Index Value as of 29 Nov , 2019 Rs. 54.24 Rs. 14,729.773 Rs. 16,917.887

 

Top 5 stocks by holding  

Name % of Net Assets
HDFC BANK LIMITED 7.81%
ICICI BANK LIMITED 7.49%
STATE BANK OF INDIA 5.05%
INFOSYS LIMITED 4.96%
AXIS BANK LIMITED 4.84%

       

Quick Look  

Risk  Moderately High Risk 
AUM  INR 6,102.99 crores (dated as of Oct 31, 2019) 
Goal  Capital Appreciation 
Age  6 years 11 months (since 1st Jan 2013) 
Horizon  Long-term Horizon (3 years lock-in-period) 
Benchmark  NIFTY 500 TRI 

 

How to Invest in DSP Tax Saver with Gulaq? 

Investing in DSP Tax Saver is not a bad idea; and with Gulaq the process is simplified with just a few clicks. The investor can filter his/her requirements in accordance with goals, returns, risks, and horizons. Once sorted, the investor can: 

Just a matter of a few minutes. NOTE: Also, KYC with Gulaq is FREE. 

To know more about fund or need a suggestion about investing in direct mutual funds, get in   touch with the team. 

 

*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

Rating: 5.0/5. From 9 votes.
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1 Comment
  1. A.Kripanidhi says

    How to redeem online

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