DSP Tax Saver Fund
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
DSP Tax Saver Fund
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

  • The FM believes in buying fundamentally sound growth companies which are available at a cheaper valuation relative to its own history or its peers.
  • The FM tries to capture growth at a reasonable price.
  • The portfolio has a core and tactical element which takes care of the short and long term.
  • Investments in the fund are locked in for 3 years.
  • Historically the fund has had a large cap bias but this has been a function of bottom up stock picking.

Fund Manager

Rohit Singhania
Total work experience of 19 years.
Managing this Scheme since July 2015

Inception date

Jan 18, 2007

Benchmark

Nifty 500 (TRI)

NAV
Regular Plan  
Growth: ₹ 47.895
Direct Plan  
Growth: ₹ 50.842
Total aum

₹ 6,178 Cr

Monthly average aum

₹ 6,233 Cr

Portfolio Turnover Ratio(Last 12 months):

1.33

3 Year Risk Statistics:
Standard Deviation : 22.16%
Beta : 1.00
R-Squared : 97.42%
Sharpe Ratio : -0.05
Month End Expense Ratio
Regular Plan : 1.86%
Direct Plan : 0.92%
Fund Category

ELSS

Tenure

13 Yr 8 Mn

Exit Load

Not Applicable

Data As On September 30, 2020

Name of Instrument % to Net Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
Banks 23.10
✔ ICICI Bank Limited 9.20
✔ HDFC Bank Limited 9.19
✔ State Bank of India 4.10
Axis Bank Limited 0.62
Pharmaceuticals 10.29
✔ Dr. Reddy's Laboratories Limited 3.07
IPCA Laboratories Limited 1.52
JB Chemicals & Pharmaceuticals Limited 1.52
Alembic Pharmaceuticals Limited 1.52
Cipla Limited 1.47
Sun Pharmaceutical Industries Limited 1.19
Finance 9.82
✔ Housing Development Finance Corporation Limited 2.50
✔ Manappuram Finance Limited 2.13
SBI Life Insurance Company Limited 1.06
HDFC Asset Management Company Limited 1.05
Cholamandalam Investment and Finance Company Limited 0.98
HDFC Life Insurance Company Limited 0.80
ICICI Lombard General Insurance Company Limited 0.74
Equitas Holdings Limited 0.55
Software 8.00
✔ Infosys Limited 6.73
MphasiS Limited 1.27
Telecom - Services 6.85
✔ Bharti Airtel Limited 6.85
Petroleum Products 6.08
✔ Reliance Industries Limited 3.35
Hindustan Petroleum Corporation Limited 1.67
Bharat Petroleum Corporation Limited 0.84
Reliance Industries Limited - Partly Paid Shares 0.21
Consumer Non Durables 5.97
Hindustan Unilever Limited 1.54
Britannia Industries Limited 1.50
Emami Limited 1.40
Colgate Palmolive (India) Limited 0.70
Dabur India Limited 0.55
LT Foods Limited 0.28
Consumer Durables 4.27
Crompton Greaves Consumer Electricals Limited 1.92
Voltas Limited 1.19
Sheela Foam Limited 1.16
Cement 4.09
✔ UltraTech Cement Limited 2.14
ACC Limited 1.95
Chemicals 2.95
Atul Limited 1.97
GHCL Limited 0.98
Power 2.38
NTPC Limited 1.85
CESC Limited 0.53
Fertilisers 1.61
Coromandel International Limited 0.95
Chambal Fertilizers & Chemicals Limited 0.66
Non - Ferrous Metals 1.46
Hindalco Industries Limited 1.46
Gas 1.22
Gujarat State Petronet Limited 1.22
Auto 1.17
Hero MotoCorp Limited 1.17
Construction Project 1.11
Larsen & Toubro Limited 1.11
Industrial Products 1.09
KEI Industries Limited 0.59
Finolex Cables Limited 0.50
Industrial Capital Goods 1.08
Bharat Electronics Limited 1.08
Textile Products 1.08
Welspun India Limited 1.08
Construction 1.05
KNR Constructions Limited 0.67
Ahluwalia Contracts (India) Limited 0.38
Transportation 0.93
Container Corporation of India Limited 0.93
Textiles - Cotton 0.76
Vardhman Textiles Limited 0.76
Auto Ancillaries 0.60
Varroc Engineering Limited 0.60
Hotels, Resorts And Other Recreational Activities 0.53
Westlife Development Ltd 0.53
Telecom - Equipment & Accessories 0.32
Sterlite Technologies Limited 0.32
Total 97.80
MONEY MARKET INSTRUMENTS
TREPS / Reverse Repo Investments / Corporate Debt Repo 1.83
Total 1.83
Cash & Cash Equivalent
Net Receivables/Payables 0.37
Total 0.37
GRAND TOTAL 100.00

as on 30th Sept'20

✔ Top Ten Holdings


Growth of Rs. 1 L invested at inception: 4.79 L

SIP Returns(In %)
  10 yr 5 yr 3 yr SI*
11.375.642.3311.99
*SI - Since inception
Outperformed Benchmark TRI (calendar year) NIFTY 500 TRI
54%


Rolling Return
  10 yr 5 yr 3 yr 1 yr
Minimum (%) 7.9 -0.5-6.0 -59.0
Maximum (%)21.0 24.632.1 120.7
Average (%)14.0 14.414.2 14.8
% times negative returns-- 0.2 4.4 25.6
% of times returns are in
excess of 7%
100.0 84.9 81.2 58.9
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns are for Regular Plan - Growth Option Click here for performance in SEBI prescribed format.

Large Cap: 1st -100th company in terms of full market capitalization
Mid Cap: 101st -250th company in terms of full market capitalization
Small Cap: 251st company onwards in terms of full market capitalization.
Positions Exited
Banks
Kotak Mahindra Bank Limited
Minerals/Mining
Coal India Limited
Consumer Non Durables
Asian Paints Limited
Pesticides
PI Industries Limited
Industrial Products
Srikalahasthi Pipes Limited
 
New Position Bought
Fertilisers
Chambal Fertilizers & Chemicals Limited
 
Positions Increased
Petroleum Products
Hindustan Petroleum Corporation Limited
Software
MphasiS Limited
Infosys Limited
Pharmaceuticals
Dr. Reddy's Laboratories Limited
Sun Pharmaceutical Industries Limited
Cipla Limited
Consumer Non Durables
Colgate Palmolive (India) Limited
Britannia Industries Limited
Industrial Products
KEI Industries Limited
Banks
State Bank of India
ICICI Bank Limited
HDFC Bank Limited
Gas
Gujarat State Petronet Limited
 
Positions Decreased
Auto
Hero MotoCorp Limited
Power
CESC Limited
Fertilisers
Coromandel International Limited
Consumer Durables
Voltas Limited
Chemicals
Atul Limited
Telecom - Services
Bharti Airtel Limited
Finance
Cholamandalam Investment and Finance Company Limited
Housing Development Finance Corporation Limited
Petroleum Products
Reliance Industries Limited
Non - Ferrous Metals
Hindalco Industries Limited
Banks
Axis Bank Limited
Pharmaceuticals
JB Chemicals & Pharmaceuticals Limited
Note: The above position change is compared to last month-end data.
Rebalances below 0.05 % are not considered.
Investment Objective

An Open ended equity linked savings scheme, whose primary investment objective is to seek to generate medium to longterm capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors avail of a deduction from total income, as permitted under the Income Tax Act,1961 from time to time.
There is no assurance that the investment objective of the Scheme will be realized.

Product Labelling

This Open Ended Equity Linked Saving Scheme is suitable for investors who are seeking*
• Long-term capital growth with a three-year lock-in
• Investment in equity and equity-related securities to form a diversified portfolio

* Investors should consult their financial/tax advisors if in doubt whether the product is suitable for them.