DSP Tax Saver Fund
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
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DSP Tax Saver Fund An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit |
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- 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 18 years.
Managing this Scheme since
July 2015
Inception date
Jan 18, 2007
Benchmark
Nifty 500 (TRI)
NAV AS ON OCTOBER 31, 2019
| Regular Plan | |
| Growth: | ₹ 50.978 |
| Direct Plan | |
| Growth: | ₹ 53.645 |
Total aum
₹ 6,103 Cr
Monthly average aum
₹ 5,884 Cr
Portfolio Turnover Ratio(Last 12 months):
1.30
3 Year Risk Statistics:
| Standard Deviation : | 14.35% |
| Beta : | 1.01 |
| R-Squared : | 93.37% |
| Sharpe Ratio : | 0.30 |
Month End Expense Ratio
| Regular Plan : | 1.90% |
| Direct Plan : | 0.85% |
Fund Category
ELSS
Tenure
12 Yr 9 Mn
Fund Details as on 31 October 2019
| AUM as on 31 October 2019 (₹ in Cr) | 6,103 |
Exit Load
Not Applicable
| Name of Instrument | % to Net Assets |
| EQUITY & EQUITY RELATED | |
| Listed / awaiting listing on the stock exchanges | |
| Banks | 28.74% |
| ✔ HDFC Bank Limited | 8.85% |
| ✔ ICICI Bank Limited | 8.28% |
| ✔ Axis Bank Limited | 4.23% |
| ✔ State Bank of India | 2.94% |
| Kotak Mahindra Bank Limited | 2.37% |
| The Federal Bank Limited | 1.42% |
| IndusInd Bank Limited | 0.65% |
| Petroleum Products | 8.80% |
| ✔ Reliance Industries Limited | 3.98% |
| ✔ Hindustan Petroleum Corporation Limited | 2.51% |
| Bharat Petroleum Corporation Limited | 2.32% |
| Software | 7.92% |
| ✔ Infosys Limited | 3.82% |
| Tech Mahindra Limited | 1.53% |
| HCL Technologies Limited | 1.44% |
| Wipro Limited | 1.13% |
| Finance | 7.42% |
| HDFC Life Insurance Company Limited | 1.56% |
| ICICI Prudential Life Insurance Company Limited | 1.32% |
| Bajaj Finance Limited | 1.18% |
| Mahindra & Mahindra Financial Services Limited | 1.02% |
| SBI Life Insurance Company Limited | 0.96% |
| Equitas Holdings Limited | 0.74% |
| Aavas Financiers Limited | 0.64% |
| Consumer Non Durables | 7.12% |
| ✔ Asian Paints Limited | 2.59% |
| Emami Limited | 1.58% |
| Hindustan Unilever Limited | 1.45% |
| Dabur India Limited | 0.78% |
| Colgate Palmolive (India) Limited | 0.58% |
| LT Foods Limited | 0.14% |
| Pharmaceuticals | 6.89% |
| IPCA Laboratories Limited | 2.04% |
| Aurobindo Pharma Limited | 1.40% |
| Dr. Reddy's Laboratories Limited | 1.09% |
| JB Chemicals & Pharmaceuticals Limited | 1.06% |
| Sun Pharmaceutical Industries Limited | 0.72% |
| Strides Pharma Science Limited | 0.58% |
| Cement | 3.24% |
| UltraTech Cement Limited | 1.32% |
| ACC Limited | 1.07% |
| Shree Cement Limited | 0.85% |
| Construction Project | 3.04% |
| ✔ Larsen & Toubro Limited | 3.04% |
| Telecom - Services | 2.65% |
| ✔ Bharti Airtel Limited | 2.65% |
| Consumer Durables | 2.47% |
| Sheela Foam Limited | 0.87% |
| Crompton Greaves Consumer Electricals Limited | 0.80% |
| V-Guard Industries Limited | 0.72% |
| Voltas Limited | 0.08% |
| Power | 2.21% |
| NTPC Limited | 1.50% |
| CESC Limited | 0.71% |
| Industrial Capital Goods | 1.91% |
| Siemens Limited | 1.91% |
| Construction | 1.90% |
| KNR Constructions Limited | 0.62% |
| Ahluwalia Contracts (India) Limited | 0.50% |
| Sunteck Realty Limited | 0.45% |
| Godrej Properties Limited | 0.33% |
| Oil | 1.78% |
| Oil & Natural Gas Corporation Limited | 1.78% |
| minerals/mining | 1.78% |
| Coal India Limited | 1.78% |
| Auto Ancillaries | 1.44% |
| Varroc Engineering Limited | 0.84% |
| Motherson Sumi Systems Limited | 0.60% |
| Industrial Products | 1.41% |
| SKF India Limited | 0.91% |
| Finolex Cables Limited | 0.50% |
| Gas | 1.37% |
| GAIL (India) Limited | 1.37% |
| Transportation | 0.92% |
| Container Corporation of India Limited | 0.92% |
| Chemicals | 0.88% |
| Atul Limited | 0.88% |
| Textile Products | 0.79% |
| Welspun India Limited | 0.79% |
| Non - Ferrous metals | 0.74% |
| Vedanta Limited | 0.74% |
| Auto | 0.73% |
| Bajaj Auto Limited | 0.73% |
| Textiles - Cotton | 0.73% |
| Vardhman Textiles Limited | 0.73% |
| Media & Entertainment | 0.59% |
| Sun TV Network Limited | 0.59% |
| Telecom - Equipment & Accessories | 0.26% |
| Sterlite Technologies Limited | 0.26% |
| Ferrous metals | 0.26% |
| Srikalahasthi Pipes Limited | 0.26% |
| Total | 98.00% |
| MONEY MARKET INSTRUMENTS | |
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 2.55% |
| Total | 2.55% |
| Cash & Cash Equivalent | |
| Net Receivables/Payables | -0.55% |
| Total | -0.55% |
| GRAND TOTAL | 100.00% |
✔ Top 10 Holdings
| Growth of Rs. 1 L invested at inception: | 5.10 L |
| SIP Returns(In %) | ||||
| 3 yr | 5 yr | 10 yr | SI* | |
| *SI - Since inception | 9.26 | 11.00 | 14.40 | 14.33 |
| Outperformed Benchmark TRI (calendar year) | NIFTY 500 TRI 58% |
Rolling Return
| 10 yr | 5 yr | 3 yr | 1 yr | |
| Minimum | 9.4 | -0.5 | -3.3 | -59.0 |
| Maximum | 21.0 | 24.6 | 32.1 | 120.7 |
| Average | 14.9 | 15.1 | 15.0 | 15.8 |
| % times negative returns | -- | 0.3 | 2.7 | 24.3 |
| % of times returns are in excess of 7% | 100.0 | 87.1 | 85.3 | 60.4 |
Mid Cap: 101st -250th company in terms of full market capitalization
Small Cap: 251st company onwards in terms of full market capitalization.
| Positions Exited |
| Stock |
| Pharmaceuticals |
| Cadila Healthcare Limited |
| New Position Bought |
| Stock |
| Banks |
| The Federal Bank Limited |
| Software |
| Wipro Limited |
| Non - Ferrous Metals |
| Vedanta Limited |
| Media & Entertainment |
| Sun TV Network Limited |
| Construction |
| Godrej Properties Limited |
| Positions Increased |
| Stock |
| Banks |
| State Bank of India |
| Software |
| Infosys Limited |
| Finance |
| Mahindra & Mahindra Financial Services Limited |
| ICICI Prudential Life Insurance Company Limited |
| HDFC Life Insurance Company Limited |
| Equitas Holdings Limited |
| Pharmaceuticals |
| Aurobindo Pharma Limited |
| IPCA Laboratories Limited |
| JB Chemicals & Pharmaceuticals Limited |
| Consumer Durables |
| Crompton Greaves Consumer Electricals Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Bharat Petroleum Corporation Limited |
| Oil |
| Oil & Natural Gas Corporation Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Consumer Non Durables |
| Emami Limited |
| Gas |
| GAIL (India) Limited |
| Auto |
| Bajaj Auto Limited |
| Positions Decreased |
| Stock |
| Industrial Products |
| SKF India Limited |
| Minerals/Mining |
| Coal India Limited |
| Industrial Capital Goods |
| Siemens Limited |
| Transportation |
| Container Corporation of India Limited |
| Consumer Non Durables |
| Asian Paints Limited |
| Hindustan Unilever Limited |
| Cement |
| UltraTech Cement Limited |
| Construction Project |
| Larsen & Toubro Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Finance |
| Bajaj Finance Limited |
| SBI Life Insurance Company Limited |
| Auto Ancillaries |
| Motherson Sumi Systems Limited |
| Software |
| HCL Technologies Limited |
| Tech Mahindra Limited |
| Banks |
| HDFC Bank Limited |
| IndusInd Bank Limited |
| ICICI Bank Limited |
| Kotak Mahindra Bank Limited |
| Axis Bank Limited |
| Consumer Durables |
| Voltas Limited |
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 advisors if in doubt whether the product is suitable for them.