DSP ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 05-09-2024
₹ 155.08
▲0.4%
1D
Inception Returns
19.8%
/yr
About the Fund
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.
Key Parameters
- DSP ELSS Tax Saver Fund Direct Growth has ₹17268 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
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.
Holdings
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
Taxation
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.
Investment objective of DSP ELSS Tax Saver Fund Direct Growth
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 and lockin period
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
Historical NAV & Returns
Annualised
▲
▼
15150 people have invested ₹ 7.9Cr in DSP ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
6
/23
63% Performance
42% Risk Management
66% Cost
6 out of 23 among elss (tax savings)
Larger AUM within category
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
No bad points found for this fund.
Fund Overview
| 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 |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
63.8%
Mid cap
18.8%
Small cap
16.4%
Sector Allocation
Financial Services
34.3%
Consumer Cyclical
12.2%
Industrial
9.2%
Tech
8.7%
Basic Materials
8%
Health
7.8%
Energy
5.7%
Consumer Defensive
5.4%
Communication
4.5%
Utilities
4.1%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 6.50% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 2.97% in Jul'24
- AUM of the fund stands at 16.3K Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top Stocks bought last month
Larsen & Toubro Ltd's allocation increased from 0.95% to 1.83%
Hindustan Unilever Ltd's allocation increased from 1.82% to 2.24%
State Bank of India's allocation increased from 3.62% to 4.03%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 8.19 % to 7.41 %
ICICI Bank Ltd's allocation decreased from 6.91 % to 6.36 %
Axis Bank Ltd's allocation decreased from 3.66 % to 3.18 %
Cash allocation has gone down from 2.2% to 1%
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Industrial
Jul'24
Financial Services
34%
Consumer Cyclical
12%
Industrial
9%
Jun'24
Financial Services
35%
Consumer Cyclical
13%
Industrial
9%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.41% | 0% | |
 ICICI Bank Ltd | 6.36% | -3.7% | |
 State Bank of India | 4.03% | 14.9% | |
 Infosys Ltd | 3.48% | 0% | |
 Axis Bank Ltd | 3.18% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Gujarat State Petronet Ltd | 32.1% |
 Oil India Ltd | 18.5% |
 Infosys Ltd | 9.7% |
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Rohit Singhania
Fund Manager of DSP ELSS Tax Saver Fund Direct Growth, since 16 July 2015
Top funds managed
Charanjit Singh
Fund Manager of DSP ELSS Tax Saver Fund Direct Growth, since 1 May 2023
Top funds managed
Fund House
DSP Asset Managers Private Limited
Total Schemes
Total AUM
₹1.28L Cr
as on 30-Sep-2023
Address
India
Phone
91-22-66578000
Website
service@dspblackrock.com
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 24.7% growth in AUM moving from 13.84K Cr to 17.26K Cr.
Over the last 3 months, this fund has decreased expense ratio by 12.7% moving from 0.79 to 0.69.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.69% which is lower than the category average expense ratio of 1.27%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 38.84% return, outperforming this fund by 12.33% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 64.34% return, outperforming this fund by 15.15%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 27.88% return, outperforming this fund by 6.06% per annum.
DSP ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.76% since inception which is more than its category average return of 16.91%
Fund Allocations
This fund has an allocation of 98.96% in Equity, 0% in Debt and 1.04% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 4101 Cr
Expense Ratio 0.69%
This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of DSP ELSS Tax Saver Fund Direct Growth is ₹155.08 as on 05-Sep-2024.
Existing (Absolute + CAGR) as on 05-Sep-2024.
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% |
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0.69% as on August 2024
₹17268 Cr as on August 2024
HDFC Bank Ltd(7.41%), ICICI Bank Ltd(6.36%), State Bank of India(4.03%), Infosys Ltd(3.48%), Axis Bank Ltd(3.18%) as on August 2024
Financial Services(33.9%), Consumer Cyclical(12.05%), Industrial(9.08%) as on August 2024
The alpha ratio for the DSP ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
DSP ELSS Tax Saver Fund Direct Growth | 4 | 3.07 | 2.98 |
As on August 2024
The alpha for DSP ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the DSP ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
DSP ELSS Tax Saver Fund Direct Growth | 1.1 | 0.96 | 0.99 |
As on August 2024
The Beta for DSP ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the DSP ELSS Tax Saver Fund Direct Growth for various period is as follows:
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 |
As on August 2024
The sharpe ratio for DSP ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the DSP ELSS Tax Saver Fund Direct Growth for various period is as follows:
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 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.28 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.78 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Rohit Singhania, Charanjit Singh are the fund managers of DSP ELSS Tax Saver Fund Direct Growth
The Exit load of DSP ELSS Tax Saver Fund Direct Growth is 0%