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 FEBRUARY 28, 2020
| Regular Plan | |
| Growth: | ₹ 49.197 |
| Direct Plan | |
| Growth: | ₹ 51.938 |
Total aum
₹ 6,096 Cr
Monthly average aum
₹ 6,396 Cr
Portfolio Turnover Ratio(Last 12 months):
1.30
3 Year Risk Statistics:
| Standard Deviation : | 13.68% |
| Beta : | 0.99 |
| R-Squared : | 93.47% |
| Sharpe Ratio : | 0.19 |
Month End Expense Ratio
| Regular Plan : | 1.97% |
| Direct Plan : | 1.06% |
Fund Category
ELSS
Tenure
13 Yr 1 Mn
Fund Details as on 28 February 2020
| AUM as on 28 February 2020 (₹ in Cr) | 6,096 |
Exit Load
Not Applicable
| Name of Instrument | % to Net Assets |
| EQUITY & EQUITY RELATED | |
| Listed / awaiting listing on the stock exchanges | |
| Banks | 24.73% |
| ✔ ICICI Bank Limited | 8.04% |
| ✔ HDFC Bank Limited | 6.62% |
| ✔ Axis Bank Limited | 5.88% |
| ✔ Kotak Mahindra Bank Limited | 2.48% |
| The Federal Bank Limited | 1.71% |
| Software | 6.84% |
| ✔ Infosys Limited | 4.22% |
| HCL Technologies Limited | 1.32% |
| Wipro Limited | 1.30% |
| Pharmaceuticals | 6.82% |
| IPCA Laboratories Limited | 2.15% |
| JB Chemicals & Pharmaceuticals Limited | 1.76% |
| Alembic Pharmaceuticals Limited | 1.61% |
| Aurobindo Pharma Limited | 1.30% |
| Telecom - Services | 6.57% |
| ✔ Bharti Airtel Limited | 6.57% |
| Petroleum Products | 6.50% |
| ✔ Reliance Industries Limited | 4.19% |
| ✔ Bharat Petroleum Corporation Limited | 2.31% |
| Consumer Non Durables | 6.48% |
| Hindustan Unilever Limited | 2.08% |
| Asian Paints Limited | 1.88% |
| Emami Limited | 1.36% |
| Dabur India Limited | 1.03% |
| LT Foods Limited | 0.13% |
| Consumer Durables | 4.60% |
| Crompton Greaves Consumer Electricals Limited | 2.19% |
| Havells India Limited | 1.27% |
| Sheela Foam Limited | 1.15% |
| Cement | 4.46% |
| ✔ UltraTech Cement Limited | 2.85% |
| ACC Limited | 1.61% |
| Finance | 3.52% |
| HDFC Life Insurance Company Limited | 1.02% |
| ICICI Prudential Life Insurance Company Limited | 0.92% |
| Equitas Holdings Limited | 0.89% |
| Mahindra & Mahindra Financial Services Limited | 0.69% |
| Auto | 3.36% |
| Maruti Suzuki India Limited | 1.98% |
| Hero MotoCorp Limited | 1.39% |
| Power | 2.73% |
| NTPC Limited | 2.18% |
| CESC Limited | 0.55% |
| Construction | 2.73% |
| Godrej Properties Limited | 1.08% |
| KNR Constructions Limited | 0.71% |
| Ahluwalia Contracts (India) Limited | 0.58% |
| Sunteck Realty Limited | 0.37% |
| Construction Project | 2.41% |
| ✔ Larsen & Toubro Limited | 2.41% |
| Chemicals | 2.29% |
| Atul Limited | 1.76% |
| GHCL Limited | 0.52% |
| Gas | 2.16% |
| GAIL (India) Limited | 2.16% |
| Industrial Products | 1.83% |
| KEI Industries Limited | 0.71% |
| SKF India Limited | 0.69% |
| Finolex Cables Limited | 0.42% |
| Oil | 1.62% |
| Oil & Natural Gas Corporation Limited | 1.62% |
| Auto Ancillaries | 1.27% |
| Varroc Engineering Limited | 0.74% |
| Exide Industries Limited | 0.53% |
| Minerals/Mining | 1.11% |
| Coal India Limited | 1.11% |
| Transportation | 1.09% |
| Container Corporation of India Limited | 1.09% |
| Non - Ferrous metals | 1.08% |
| Hindalco Industries Limited | 0.59% |
| Vedanta Limited | 0.50% |
| Textiles - Cotton | 1.02% |
| Vardhman Textiles Limited | 1.02% |
| Ferrous metals | 0.80% |
| Tata Steel Limited | 0.51% |
| Srikalahasthi Pipes Limited | 0.29% |
| Textile Products | 0.59% |
| Welspun India Limited | 0.59% |
| Telecom - Equipment & Accessories | 0.19% |
| Sterlite Technologies Limited | 0.19% |
| Total | 96.82% |
| MONEY MARKET INSTRUMENTS | |
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 1.63% |
| Total | 1.63% |
| Cash & Cash Equivalent | |
| Net Receivables/Payables | 1.55% |
| Total | 1.55% |
| GRAND TOTAL | 100.00% |
✔ Top Ten Holdings
| Growth of Rs. 1 L invested at inception: | 4.92 L |
| SIP Returns(In %) | ||||
| 10 yr | 5 yr | 3 yr | SI* | |
| *SI - Since inception | 12.98 | 8.24 | 4.45 | 13.25 |
| 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 | 14.7 | 15.0 | 14.9 | 15.8 |
| % times negative returns | -- | 0.3 | 2.6 | 23.6 |
| % of times returns are in excess of 7% | 100.0 | 87.3 | 85.8 | 61.5 |
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 |
| Banks |
| State Bank of India |
| Auto |
| Tata Motors Limited |
| Pharmaceuticals |
| Dr. Reddy's Laboratories Limited |
| Telecom - Services |
| Vodafone Idea Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Consumer Durables |
| V-Guard Industries Limited |
| New Position Bought |
| Stock |
| Consumer Durables |
| Havells India Limited |
| Positions Increased |
| Stock |
| Consumer Non Durables |
| Dabur India Limited |
| Auto |
| Hero MotoCorp Limited |
| Maruti Suzuki India Limited |
| Banks |
| Kotak Mahindra Bank Limited |
| Axis Bank Limited |
| ICICI Bank Limited |
| The Federal Bank Limited |
| Oil |
| Oil & Natural Gas Corporation Limited |
| Chemicals |
| GHCL Limited |
| Gas |
| GAIL (India) Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Bharat Petroleum Corporation Limited |
| Power |
| NTPC Limited |
| Construction Project |
| Larsen & Toubro Limited |
| Auto Ancillaries |
| Varroc Engineering Limited |
| Minerals/Mining |
| Coal India Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Cement |
| UltraTech Cement Limited |
| Positions Decreased |
| Stock |
| Pharmaceuticals |
| IPCA Laboratories Limited |
| Banks |
| HDFC Bank Limited |
| Software |
| Infosys Limited |
| Construction |
| Sunteck Realty Limited |
| Godrej Properties Limited |
| Consumer Durables |
| Crompton Greaves Consumer Electricals Limited |
| Auto Ancillaries |
| Exide Industries Limited |
| Chemicals |
| Atul Limited |
| Consumer Non Durables |
| Hindustan Unilever Limited |
| Non - Ferrous Metals |
| Vedanta Limited |
| Finance |
| HDFC Life Insurance Company Limited |
| ICICI Prudential Life Insurance Company 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.