Hybrid
Direct
Equity Savings
NAV as on 04-09-2024
₹ 23.21
▲0.2%
1D
Inception Returns
10.5%
/yr
DSP Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 28 March, 2016. The fund is managed by Jay Kothari, Kedar Karnik. This fund gives you the benefit of diversification.
DSP Equity Savings Fund Direct Growth has given a CAGR return of 10.49% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.12%, 10.15% and 12.43% respectively.
DSP Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Communication, Corporate, Energy, Basic Materials, Health, Consumer Cyclical, Tech, Consumer Defensive, Industrial, Utilities, Securitize, Real Estate.
As it is a equity savings mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
The investment objective of the Scheme is to generate income through investments in fixed income securities and using arbitrage and other derivative Strategies. The Scheme also intends to generate longterm capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. However, there can be no assurance that the investment objective of the scheme will be realized.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Equity Savings Fund Direct Growth has no lock in period.
Expense ratio | 0.47% |
Benchmark | NIFTY Equity Savings TR INR |
AUM | ₹1553 Cr |
Inception Date | 28 March, 2016 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 444.01% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Moderate Risk |
as on (04-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Government & Corporate
DSP Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.57% | 1.57% |
6 Month Returns | 9.91% | 9.91% |
1 Year Returns | 18.12% | 18.12% |
3 Years Returns | 33.63% | 10.15% |
5 Years Returns | 79.68% | 12.43% |
AAA | 100 |