Equity
Direct
Elss (Tax Savings)
NAV as on 05-09-2024
₹ 155.08
▲0.4%
1D
Inception Returns
19.8%
/yr
DSP ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Rohit Singhania, Charanjit Singh. The fund could potentially beat inflation in the long-run.
DSP ELSS Tax Saver Fund Direct Growth has given a CAGR return of 19.76% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 49.19%, 21.82% and 26.51% respectively.
DSP ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Basic Materials, Health, Energy, Consumer Defensive, Communication, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Infosys Ltd, Axis Bank Ltd
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for DSP ELSS Tax Saver Fund Direct Growth of 3 Years
Expense ratio | 0.69% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹17268 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 35.05% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (05-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Industrial
DSP ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.78% | 6.78% |
6 Month Returns | 23.95% | 23.95% |
1 Year Returns | 49.19% | 49.19% |
3 Years Returns | 80.79% | 21.82% |
5 Years Returns | 224.04% | 26.51% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
DSP ELSS Tax Saver Fund Direct Growth | 4 | 3.07 | 2.98 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
DSP ELSS Tax Saver Fund Direct Growth | 1.1 | 0.96 | 0.99 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
DSP ELSS Tax Saver Fund Direct Growth | 2.82 | 1.16 | 1.06 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
DSP ELSS Tax Saver Fund Direct Growth | 12.76 | 13.14 | 19.05 |