DSP ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 02-12-2024
₹ 151.51
▲0.3%
1D
Inception Returns
19%
/yr
About DSP ELSS Tax Saver Fund Direct Growth
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. The fund could potentially beat inflation in the long-run.
Key Parameters
- DSP ELSS Tax Saver Fund Direct Growth has ₹16841 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
DSP ELSS Tax Saver Fund Direct Growth has given a CAGR return of 18.97% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.91%, 20.74% and 22.82% respectively.
Holdings
DSP ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Health, Tech, Industrial, Consumer Defensive, Utilities, Energy, Communication. 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
▲
▼
17611 people have invested ₹ 8.8Cr in DSP ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for DSP ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
5
/23
65% Performance
45% Risk Management
61% Cost
5 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.
DSP ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.75% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹16841 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 (02-Dec-24)
Fund Distribution
as on (31-Oct-24)
Large cap
63.7%
Mid cap
18.3%
Small cap
15.1%
Sector Allocation
Financial Services
38.7%
Consumer Cyclical
10.1%
Basic Materials
9.3%
Health
9.1%
Tech
8%
Industrial
7.5%
Consumer Defensive
5.3%
Utilities
4.1%
Energy
4%
Communication
3.9%
All changes are between Aug'24 and Oct'24
- AUM of the fund stands at 16.8K Cr as of Oct'24
- AUM decreased by 929.1 Cr between Oct'24 and Sep'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 8.67% to 9.53%
ICICI Bank Ltd's allocation increased from 6.83% to 7.53%
State Bank of India's allocation increased from 3.47% to 4.07%
Top Stocks sold last month
Hindustan Unilever Ltd's allocation decreased from 2.49 % to 2.24 %
NTPC Ltd's allocation decreased from 2.22 % to 2.16 %
Power Finance Corp Ltd's allocation decreased from 2.15 % to 2.04 %
Large Cap allocation has gone up from 63.5% to 63.7%
Small Cap allocation has gone up from 14.5% to 15.1%
Mid Cap allocation has gone down from 18.8% to 18.3%
Cash allocation has gone down from 3.3% to 2.9%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Basic Materials
Oct'24
Financial Services
39%
Consumer Cyclical
10%
Basic Materials
9%
Sep'24
Financial Services
37%
Consumer Cyclical
10%
Basic Materials
10%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.53% | 3.9% | |
 ICICI Bank Ltd | 7.53% | 2.9% | |
 State Bank of India | 4.07% | 6.8% | |
 Infosys Ltd | 3.51% | 4.5% | |
 Axis Bank Ltd | 3.45% | 6.3% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 15.5% |
 Infosys Ltd | 6.6% |
 HDFC Bank Ltd | 5.3% |
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Rohit Singhania
Fund Manager of DSP ELSS Tax Saver Fund Direct Growth, since 16 July 2015
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
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.75% which is lower than the category average expense ratio of 1.29%.
Over the last 1 month, this fund has increased expense ratio by 10.3% moving from 0.68 to 0.75.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 55.22% return, outperforming this fund by 19.31%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 28.2% return, outperforming this fund by 7.46% per annum.
Over the last 1 month, this fund has experienced a 5.2% drop in AUM moving from 17.77K Cr to 16.84K Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.04% return, outperforming this fund by 10.23% 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 18.97% since inception which is more than its category average return of 15.96%
Fund Allocations
This fund has an allocation of 97.06% in Equity, 0% in Debt and 2.94% in Cash related instruments
AUM size ₹16841 Cr
This fund has AUM of ₹16841 Cr which is more than its category average of ₹ 3983 Cr
Expense Ratio 0.75%
This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for DSP ELSS Tax Saver Fund Direct Growth
The current NAV of DSP ELSS Tax Saver Fund Direct Growth is ₹151.51 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
DSP ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.3% | 0.3% |
6 Month Returns | 13.08% | 13.08% |
1 Year Returns | 35.91% | 35.91% |
3 Years Returns | 76.01% | 20.74% |
5 Years Returns | 179.43% | 22.82% |
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0.75% as on November 2024
₹16841 Cr as on November 2024
HDFC Bank Ltd(9.53%), ICICI Bank Ltd(7.53%), State Bank of India(4.07%), Infosys Ltd(3.51%), Axis Bank Ltd(3.45%) as on November 2024
Financial Services(37.58%), Consumer Cyclical(9.76%), Basic Materials(9.06%) as on November 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 | 7.4 | 4.27 | 3 |
As on November 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 | 0.95 | 0.99 |
As on November 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 | 1.93 | 1.08 | 0.9 |
As on November 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 | 13.34 | 13.38 | 19.25 |
As on November 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 2.04 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.22 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Rohit Singhania is the fund manager of DSP ELSS Tax Saver Fund Direct Growth
The Exit load of DSP ELSS Tax Saver Fund Direct Growth is 0%