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 AUGUST 31, 2020
| Regular Plan | |
| Growth: | ₹ 48.719 |
| Direct Plan | |
| Growth: | ₹ 51.677 |
Total aum
₹ 6,298 Cr
Monthly average aum
₹ 6,258 Cr
Portfolio Turnover Ratio(Last 12 months):
1.34
3 Year Risk Statistics:
| Standard Deviation : | 22.14% |
| Beta : | 1.00 |
| R-Squared : | 97.53% |
| Sharpe Ratio : | -0.04 |
Month End Expense Ratio
| Regular Plan : | 1.88% |
| Direct Plan : | 0.95% |
Fund Category
ELSS
Tenure
13 Yr 7 Mn
Fund Details as on 31 August 2020
| AUM as on 31 August 2020 (₹ in Cr) | 6,298 |
Exit Load
Not Applicable
| Name of Instrument | % to Net Assets |
| EQUITY & EQUITY RELATED | |
| Listed / awaiting listing on the stock exchanges | |
| Banks | 25.61 |
| ✔ ICICI Bank Limited | 9.91 |
| ✔ HDFC Bank Limited | 9.22 |
| ✔ State Bank of India | 4.43 |
| Kotak Mahindra Bank Limited | 1.12 |
| Axis Bank Limited | 0.93 |
| Finance | 9.80 |
| ✔ Housing Development Finance Corporation Limited | 2.69 |
| Manappuram Finance Limited | 1.97 |
| HDFC Asset Management Company Limited | 1.09 |
| SBI Life Insurance Company Limited | 1.06 |
| Cholamandalam Investment and Finance Company Limited | 0.90 |
| HDFC Life Insurance Company Limited | 0.81 |
| ICICI Lombard General Insurance Company Limited | 0.70 |
| Equitas Holdings Limited | 0.59 |
| Pharmaceuticals | 8.96 |
| ✔ Dr. Reddy's Laboratories Limited | 2.06 |
| JB Chemicals & Pharmaceuticals Limited | 1.78 |
| Alembic Pharmaceuticals Limited | 1.50 |
| IPCA Laboratories Limited | 1.30 |
| Cipla Limited | 1.26 |
| Sun Pharmaceutical Industries Limited | 1.06 |
| Telecom - Services | 8.47 |
| ✔ Bharti Airtel Limited | 8.47 |
| Consumer Non Durables | 6.57 |
| Hindustan Unilever Limited | 1.55 |
| Britannia Industries Limited | 1.43 |
| Emami Limited | 1.39 |
| Asian Paints Limited | 0.89 |
| Colgate Palmolive (India) Limited | 0.52 |
| Dabur India Limited | 0.50 |
| LT Foods Limited | 0.29 |
| Software | 6.53 |
| ✔ Infosys Limited | 5.98 |
| MphasiS Limited | 0.55 |
| Petroleum Products | 5.28 |
| ✔ Reliance Industries Limited | 3.29 |
| Bharat Petroleum Corporation Limited | 0.96 |
| Hindustan Petroleum Corporation Limited | 0.84 |
| Reliance Industries Limited - Partly Paid Shares | 0.19 |
| Consumer Durables | 4.03 |
| Crompton Greaves Consumer Electricals Limited | 1.75 |
| Sheela Foam Limited | 1.18 |
| Voltas Limited | 1.10 |
| Cement | 3.84 |
| ✔ UltraTech Cement Limited | 2.02 |
| ACC Limited | 1.82 |
| Chemicals | 2.83 |
| Atul Limited | 1.86 |
| GHCL Limited | 0.97 |
| Power | 2.57 |
| ✔ NTPC Limited | 2.05 |
| CESC Limited | 0.51 |
| Non - Ferrous Metals | 1.65 |
| Hindalco Industries Limited | 1.65 |
| Industrial Capital Goods | 1.18 |
| Bharat Electronics Limited | 1.18 |
| Gas | 1.16 |
| Gujarat State Petronet Limited | 1.16 |
| Construction Project | 1.14 |
| Larsen & Toubro Limited | 1.14 |
| Auto | 1.10 |
| Hero MotoCorp Limited | 1.10 |
| Industrial Products | 1.10 |
| KEI Industries Limited | 0.56 |
| Finolex Cables Limited | 0.49 |
| Srikalahasthi Pipes Limited | 0.05 |
| Construction | 1.07 |
| KNR Constructions Limited | 0.65 |
| Ahluwalia Contracts (India) Limited | 0.41 |
| Transportation | 0.98 |
| Container Corporation of India Limited | 0.98 |
| Fertilisers | 0.92 |
| Coromandel International Limited | 0.92 |
| Minerals/Mining | 0.90 |
| Coal India Limited | 0.90 |
| Textile Products | 0.86 |
| Welspun India Limited | 0.86 |
| Textiles - Cotton | 0.79 |
| Vardhman Textiles Limited | 0.79 |
| Auto Ancillaries | 0.57 |
| Varroc Engineering Limited | 0.57 |
| Hotels, Resorts And Other Recreational Activities | 0.49 |
| Westlife Development Ltd | 0.49 |
| Telecom - Equipment & Accessories | 0.32 |
| Sterlite Technologies Limited | 0.32 |
| Pesticides | 0.12 |
| PI Industries Limited | 0.12 |
| Total | 98.83 |
| MONEY MARKET INSTRUMENTS | |
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 1.54 |
| Total | 1.54 |
| Cash & Cash Equivalent | |
| Net Receivables/Payables | -0.37 |
| Total | -0.37 |
| GRAND TOTAL | 100.00 |
✔ Top Ten Holdings
| Growth of Rs. 1 L invested at inception: | 4.87 L |
| SIP Returns(In %) | ||||
| 10 yr | 5 yr | 3 yr | SI* | |
| *SI - Since inception | 11.84 | 6.64 | 3.61 | 12.34 |
| Outperformed Benchmark TRI (calendar year) | NIFTY 500 TRI 50% |
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 | 14.1 | 14.4 | 14.3 | 14.8 |
| % times negative returns | -- | 0.2 | 4.4 | 25.5 |
| % of times returns are in excess of 7% | 100.0 | 84.7 | 81.9 | 59.2 |
Mid Cap: 101st -250th company in terms of full market capitalization
Small Cap: 251st company onwards in terms of full market capitalization.
| Positions Exited |
| Software |
| Tech Mahindra Limited |
| HCL Technologies Limited |
| Consumer Non Durables |
| Marico Limited |
| New Position Bought |
| Finance |
| Housing Development Finance Corporation Limited |
| Software |
| MphasiS Limited |
| Positions Increased |
| Banks |
| State Bank of India |
| ICICI Bank Limited |
| HDFC Bank Limited |
| Pharmaceuticals |
| Dr. Reddy's Laboratories Limited |
| Fertilisers |
| Coromandel International Limited |
| Consumer Durables |
| Sheela Foam Limited |
| Software |
| Infosys Limited |
| Industrial Capital Goods |
| Bharat Electronics Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Power |
| NTPC Limited |
| Finance |
| Equitas Holdings Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Positions Decreased |
| Chemicals |
| Atul Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Auto |
| Hero MotoCorp Limited |
| Consumer Durables |
| Crompton Greaves Consumer Electricals Limited |
| Voltas Limited |
| Finance |
| Manappuram Finance Limited |
| SBI Life Insurance Company Limited |
| HDFC Asset Management Company Limited |
| Consumer Non Durables |
| Emami Limited |
| Pharmaceuticals |
| IPCA Laboratories Limited |
| JB Chemicals & Pharmaceuticals Limited |
| Alembic Pharmaceuticals Limited |
| Pesticides |
| PI Industries Limited |
| Banks |
| Axis Bank Limited |
| Kotak Mahindra Bank Limited |
| Industrial Products |
| Srikalahasthi Pipes 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.