DSP Tax Saver Fund – Direct Growth
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Invested Amount--
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Wealth Gained--
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Expected Amount--
Scheme Performance
| 1Y | 1Y | 3Y | 3Y | 5Y | 5Y | Max | Max | |
|---|---|---|---|---|---|---|---|---|
| Trailing Returns | 14% | 25.5% | 15.3% | 17% | ||||
| Category Average | 9.7% | 22.7% | 12.5% | - |
Scheme Allocation
Advance Ratio
Exit Load
| Exit Load | Nil |
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Fund Objective
DSP Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) that was launched on January 18th, 2007. The fund invests in established and emerging companies of various market capitalisations to provide a balance of growth and stability.
The fund is managed by Rohit Singhania and Kaushal Maroo and aims to generate medium to long-term capital appreciation through a diversified portfolio consisting mostly of equity and equity-related securities of corporations. Additionally, the fund’s goal is to allow investors to take advantage of the tax deduction benefits provided by the Income Tax Act 1961.
Pros & Cons
| Pros | Cons |
| The DSP Tax Saver Fund has achieved consistently higher annualised returns compared to the category average for the past 1 year, 3 years, 5 years, and 10 years. | The DSP Tax Saver Fund has a lock-in period of 3 years, meaning that the investment must be kept in the fund for a minimum of 3 years before it can be redeemed. |
How to Invest in DSP Tax Saver Fund
To invest in the DSP Tax Saver Fund with 5paisa, you can follow these steps:
● Log in to your 5paisa account.
● Go to the Mutual Funds section.
● Search for DSP Tax Saver Fund in the search box.
● If you want to start a Systematic Investment Plan (SIP), click on “Start SIP.”
● If you want to make a one-time lump-sum investment, click on “One-time” and then “Invest Now.”
What is the Expense Ratio of DSP Tax Saver Fund
As of 31 January 2023, the expense ratio of the DSP Tax Saver Fund is 0.8%. This percentage represents the cost of running the fund per unit and is calculated as a proportion of the fund’s assets. The expense ratio is charged by the Asset Management Company (AMC) for managing the investor’s holdings in the mutual fund.
Who Should Invest in DSP Tax Saver Fund
DSP Tax Saver Fund is suitable for investors who:
● Wish to avail tax benefits under Sec 80C of Income Tax Act 1961 by investing up to Rs.1.5 lakh annually.
● Are willing to invest in equity markets for a long-term horizon of at least 10 years.
● Recognise market falls as good opportunities to invest even more.
● Accept the inherent risk of equity investments and are willing to bear short-term volatility.
● Are not looking for the highest possible returns at all times but aim for a balance of growth and stability.
What are the Benefits of Investing in DSP Tax Saver Fund
Here are some benefits of investing in DSP Tax Saver Fund:
1. Tax Savings
DSP Tax Saver Fund is an Equity Linked Savings Scheme (ELSS), which allows you to avail a tax deduction on up to Rs 1.5 lakh annually under Sec 80C of the Income Tax Act 1961.
2. Good Returns
The fund has consistently outperformed its category average in terms of annualised returns over the past 1, 3, 5, and 10 years.
3. Diversification
The fund invests in established as well as emerging companies across market caps, providing a combination of growth and stability.
4. Long-Term Investment
DSP Tax Saver Fund has a lock-in period of 3 years, making it ideal for those who are looking for a long-term investment option.
Fund Managers
Rohit Singhania - Fund Manager
Mr Rohit Singhania is the fund manager for all the top-performing funds like DSP India TIGER, Opportunities and Tax Saver Fund in the portfolio, respectively. He has explored different sectors like Auto, Ancillaries, Metals, Infrastructure, Sugar, and Hotels with the DSP team. He has worked with HDFC securities before starting his role at the DSP office. He has experience in portfolio management, analysis of accounts, and advisory service to institutional clients.
Risk-O-Meter
Peer Comparison
- Fund Name
- Fund Size(Cr.)
- 1Y
- 3Y
- 5Y
-
- Equity .
- ELSS .
-
- 5,249
-
15.8%Fund Size - 5,249
-
26.8%Fund Size - 5,249
-
13.1%Fund Size - 5,249
-
- Equity .
- ELSS .
-
- 12,634
-
12.4%Fund Size - 12,634
-
26.2%Fund Size - 12,634
-
10%Fund Size - 12,634
-
- Equity .
- ELSS .
-
- 4,051
-
15.1%Fund Size - 4,051
-
25.4%Fund Size - 4,051
-
15.8%Fund Size - 4,051
-
- Equity .
- ELSS .
-
- 1,090
-
11.6%Fund Size - 1,090
-
23.8%Fund Size - 1,090
-
12.6%Fund Size - 1,090
-
- Equity .
- ELSS .
-
- 11,256
-
10.3%Fund Size - 11,256
-
22.9%Fund Size - 11,256
-
12.8%Fund Size - 11,256
AMC Contact Details
More Funds from DSP Mutual Fund
- Fund Name
- Fund Size(Cr.)
- 1Y
- 3Y
- 5Y
-
- Equity .
- Sectoral / Thematic .
-
- 727
-
16.8%Fund Size - 727
-
27.6%Fund Size - 727
-
14.4%Fund Size - 727
-
- Equity .
- Small Cap .
-
- 11,651
-
25.3%Fund Size - 11,651
-
36.3%Fund Size - 11,651
-
19.6%Fund Size - 11,651
-
- Other .
- FoFs Overseas .
-
- 195
-
8.1%Fund Size - 195
-
13%Fund Size - 195
-
14.8%Fund Size - 195
-
- Equity .
- Sectoral / Thematic .
-
- 1,524
-
26.1%Fund Size - 1,524
-
18.1%Fund Size - 1,524
-
-Fund Size - 1,524
-
- Debt .
- Fixed Maturity Plans .
-
- 60
-
11.2%Fund Size - 60
-
14.5%Fund Size - 60
-
14%Fund Size - 60
Mutual Funds By Category
Equity
Debt
Hybrid
- Fund Name
- Fund Size(Cr.)
- 1Y
- 3Y
- 5Y
-
- Equity .
- Large Cap .
-
- 654
-
18.9%Fund Size - 654
-
23.4%Fund Size - 654
-
14.9%Fund Size - 654
-
- Equity .
- Large Cap .
-
- 10,202
-
10%Fund Size - 10,202
-
19.8%Fund Size - 10,202
-
14.4%Fund Size - 10,202
-
- Equity .
- Large Cap .
-
- 15,583
-
18.8%Fund Size - 15,583
-
28.1%Fund Size - 15,583
-
14.4%Fund Size - 15,583
-
- Equity .
- Large Cap .
-
- 1,517
-
11.1%Fund Size - 1,517
-
20.1%Fund Size - 1,517
-
13.9%Fund Size - 1,517
-
- Equity .
- Large Cap .
-
- 757
-
19.7%Fund Size - 757
-
23%Fund Size - 757
-
13.7%Fund Size - 757
Frequently Asked Questions
How to invest in DSP Tax Saver Fund – Direct Growth ?
- Login to your 5paisa account, Go to the Mutual Funds section.
- Search for DSP Tax Saver Fund – Direct Growth in the search box.
- Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"
What is the NAV of DSP Tax Saver Fund – Direct Growth ?
How to redeem DSP Tax Saver Fund – Direct Growth holding ?
What is the minimum sip amount of DSP Tax Saver Fund – Direct Growth?
What are the top sectors DSP Tax Saver Fund – Direct Growth has invested in?
- Banks - 25.88%
- Pharmaceuticals & Biotech - 9.53%
- IT-Software - 8.34%
- Finance - 6.44%
- Automobiles - 6.38%
Can I make investments in both the SIP and Lump Sum schemes of DSP Tax Saver Fund – Direct Growth?
How much returns have DSP Tax Saver Fund – Direct Growth generated ?
What is the expense ratio of DSP Tax Saver Fund – Direct Growth ?
What is the AUM of DSP Tax Saver Fund – Direct Growth?
What are the top stock holdings of DSP Tax Saver Fund – Direct Growth?
- ICICI Bank - 7.47%
- HDFC Bank - 7.16%
- St Bk of India - 4.79%
- Axis Bank - 3.74%
- Infosys - 3.6%
How can I redeem my investments in DSP Tax Saver Fund – Direct Growth?
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select DSP Tax Saver Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.