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 APRIL 30, 2020
| Regular Plan | |
| Growth: | ₹ 42.229 |
| Direct Plan | |
| Growth: | ₹ 44.649 |
Total aum
₹ 5,407 Cr
Monthly average aum
₹ 5,007 Cr
Portfolio Turnover Ratio(Last 12 months):
1.40
3 Year Risk Statistics:
| Standard Deviation : | 21.72% |
| Beta : | 1.01 |
| R-Squared : | 97.38% |
| Sharpe Ratio : | -0.21 |
Month End Expense Ratio
| Regular Plan : | 1.87% |
| Direct Plan : | 0.93% |
Fund Category
ELSS
Tenure
13 Yr 3 Mn
Fund Details as on 30 April 2020
| AUM as on 30 April 2020 (₹ in Cr) | 5,407 |
Exit Load
Not Applicable
| Name of Instrument | % to Net Assets |
| EQUITY & EQUITY RELATED | |
| Listed / awaiting listing on the stock exchanges | |
| Banks | 25.44% |
| ✔ ICICI Bank Limited | 8.30% |
| ✔ HDFC Bank Limited | 7.22% |
| ✔ Axis Bank Limited | 3.70% |
| ✔ State Bank of India | 2.53% |
| ✔ Kotak Mahindra Bank Limited | 2.39% |
| The Federal Bank Limited | 1.30% |
| Pharmaceuticals | 7.98% |
| Alembic Pharmaceuticals Limited | 2.11% |
| JB Chemicals & Pharmaceuticals Limited | 1.86% |
| IPCA Laboratories Limited | 1.44% |
| Sun Pharmaceutical Industries Limited | 1.40% |
| Aurobindo Pharma Limited | 1.17% |
| Telecom - Services | 7.17% |
| ✔ Bharti Airtel Limited | 7.17% |
| Petroleum Products | 5.90% |
| ✔ Reliance Industries Limited | 4.11% |
| Bharat Petroleum Corporation Limited | 1.66% |
| Hindustan Petroleum Corporation Limited | 0.13% |
| Consumer Durables | 5.61% |
| Crompton Greaves Consumer Electricals Limited | 2.06% |
| Titan Company Limited | 1.48% |
| Sheela Foam Limited | 1.17% |
| Havells India Limited | 0.49% |
| Voltas Limited | 0.41% |
| Software | 5.51% |
| ✔ Infosys Limited | 3.13% |
| HCL Technologies Limited | 1.44% |
| Tech Mahindra Limited | 0.93% |
| Cement | 4.92% |
| ✔ UltraTech Cement Limited | 2.92% |
| ACC Limited | 2.00% |
| Consumer Non Durables | 4.19% |
| Asian Paints Limited | 1.80% |
| Dabur India Limited | 1.13% |
| Emami Limited | 1.13% |
| LT Foods Limited | 0.13% |
| Finance | 3.29% |
| Manappuram Finance Limited | 1.23% |
| HDFC Life Insurance Company Limited | 0.62% |
| ICICI Lombard General Insurance Company Limited | 0.58% |
| Equitas Holdings Limited | 0.48% |
| Cholamandalam Investment and Finance Company Limited | 0.37% |
| Auto | 3.28% |
| ✔ Hero MotoCorp Limited | 2.71% |
| Maruti Suzuki India Limited | 0.57% |
| Power | 2.98% |
| NTPC Limited | 2.34% |
| CESC Limited | 0.63% |
| Chemicals | 2.60% |
| Atul Limited | 1.86% |
| GHCL Limited | 0.74% |
| Industrial Products | 1.71% |
| SKF India Limited | 0.62% |
| KEI Industries Limited | 0.48% |
| Finolex Cables Limited | 0.38% |
| Srikalahasthi Pipes Limited | 0.24% |
| Construction | 1.64% |
| KNR Constructions Limited | 0.63% |
| Godrej Properties Limited | 0.43% |
| Ahluwalia Contracts (India) Limited | 0.34% |
| Sunteck Realty Limited | 0.24% |
| Minerals/Mining | 1.07% |
| Coal India Limited | 1.07% |
| Construction Project | 0.91% |
| Larsen & Toubro Limited | 0.91% |
| Industrial Capital Goods | 0.72% |
| Bharat Electronics Limited | 0.72% |
| Gas | 0.71% |
| GAIL (India) Limited | 0.71% |
| Textiles - Cotton | 0.70% |
| Vardhman Textiles Limited | 0.70% |
| Transportation | 0.68% |
| Container Corporation of India Limited | 0.68% |
| Non - Ferrous metals | 0.57% |
| Hindalco Industries Limited | 0.57% |
| Hotels, Resorts And Other Recreational Activities | 0.48% |
| Westlife Development Ltd | 0.48% |
| Textile Products | 0.42% |
| Welspun India Limited | 0.42% |
| Fertilisers | 0.37% |
| Coromandel International Limited | 0.37% |
| Auto Ancillaries | 0.36% |
| Varroc Engineering Limited | 0.36% |
| Telecom - Equipment & Accessories | 0.21% |
| Sterlite Technologies Limited | 0.21% |
| Total | 89.40% |
| MONEY MARKET INSTRUMENTS | |
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 10.21% |
| Total | 10.21% |
| Cash & Cash Equivalent | |
| Net Receivables/Payables | 0.39% |
| Total | 0.39% |
| GRAND TOTAL | 100.00% |
✔ Top Ten Holdings
| Growth of Rs. 1 L invested at inception: | 4.22 L |
| SIP Returns(In %) | ||||
| 10 yr | 5 yr | 3 yr | SI* | |
| *SI - Since inception | 9.78 | 1.82 | (5.57) | 10.92 |
| Outperformed Benchmark TRI (calendar year) | NIFTY 500 TRI 58% |
Rolling Return
| 10 yr | 5 yr | 3 yr | 1 yr | |
| Minimum | 7.9 | -0.5 | -6.0 | -59.0 |
| Maximum | 21.0 | 24.6 | 32.1 | 120.7 |
| Average | 14.5 | 14.7 | 14.7 | 15.4 |
| % times negative returns | -- | 0.2 | 3.7 | 24.4 |
| % of times returns are in excess of 7% | 100.0 | 86.3 | 84.7 | 60.8 |
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 |
| Consumer Non Durables |
| Hindustan Unilever Limited |
| Godrej Consumer Products Limited |
| Oil |
| Oil & Natural Gas Corporation Limited |
| Finance |
| Mahindra & Mahindra Financial Services Limited |
| SBI Cards and Payment Services Limited |
| Ferrous Metals |
| Tata Steel Limited |
| New Position Bought |
| Stock |
| Finance |
| Manappuram Finance Limited |
| ICICI Lombard General Insurance Company Limited |
| Cholamandalam Investment and Finance Company Limited |
| Consumer Durables |
| Titan Company Limited |
| Voltas Limited |
| Pharmaceuticals |
| Sun Pharmaceutical Industries Limited |
| Software |
| Tech Mahindra Limited |
| Construction Project |
| Larsen & Toubro Limited |
| Industrial Capital Goods |
| Bharat Electronics Limited |
| Hotels, Resorts And Other Recreational Activities |
| Westlife Development Ltd |
| Fertilisers |
| Coromandel International Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Positions Increased |
| Stock |
| Banks |
| State Bank of India |
| Auto |
| Hero MotoCorp Limited |
| Cement |
| ACC Limited |
| Minerals/Mining |
| Coal India Limited |
| Positions Decreased |
| Stock |
| Cement |
| UltraTech Cement Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Consumer Non Durables |
| Dabur India Limited |
| Software |
| Infosys Limited |
| Construction |
| Godrej Properties Limited |
| Finance |
| HDFC Life Insurance Company Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Reliance Industries Limited |
| Consumer Durables |
| Havells India Limited |
| Auto |
| Maruti Suzuki India Limited |
| Banks |
| ICICI Bank Limited |
| HDFC Bank Limited |
| Axis Bank Limited |
| Kotak Mahindra Bank Limited |
| Pharmaceuticals |
| Alembic Pharmaceuticals Limited |
| JB Chemicals & Pharmaceuticals Limited |
| IPCA Laboratories Limited |
| Aurobindo Pharma 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/tax advisors if in doubt whether the product is suitable for them.