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 19 years.
Managing this Scheme since
July 2015
Inception date
Jan 18, 2007
Benchmark
Nifty 500 (TRI)
NAV
| Regular Plan | |
| Growth: | ₹ 55.381 |
| Direct Plan | |
| Growth: | ₹ 58.876 |
Total aum
₹ 7,015 Cr
Monthly average aum
₹ 6,829 Cr
Portfolio Turnover Ratio(Last 12 months):
1.23
3 Year Risk Statistics:
| Standard Deviation : | 23.12% |
| Beta : | 1.01 |
| R-Squared : | 97.81% |
| Sharpe Ratio : | 0.10 |
Month End Expense Ratio
| Regular Plan : | 1.89% |
| Direct Plan : | 0.91% |
Fund Category
ELSS
Tenure
13 Yr 10 Mn
Exit Load
Not Applicable
Data As On November 27, 2020
| Name of Instrument | % to Net Assets |
| EQUITY & EQUITY RELATED | |
| Listed / awaiting listing on the stock exchanges | |
| Banks | 24.55 |
| ✔ HDFC Bank Limited | 9.24 |
| ✔ ICICI Bank Limited | 8.56 |
| ✔ State Bank of India | 3.85 |
| ✔ Axis Bank Limited | 2.89 |
| Finance | 11.37 |
| ✔ Housing Development Finance Corporation Limited | 2.27 |
| Manappuram Finance Limited | 2.15 |
| Cholamandalam Investment and Finance Company Limited | 1.29 |
| HDFC Life Insurance Company Limited | 1.12 |
| HDFC Asset Management Company Limited | 1.03 |
| SBI Life Insurance Company Limited | 0.97 |
| ICICI Lombard General Insurance Company Limited | 0.73 |
| Equitas Holdings Limited | 0.71 |
| Aavas Financiers Limited | 0.69 |
| ICICI Prudential Life Insurance Company Limited | 0.40 |
| Pharmaceuticals | 8.78 |
| ✔ Dr. Reddy's Laboratories Limited | 2.56 |
| Cipla Limited | 1.58 |
| Sun Pharmaceutical Industries Limited | 1.37 |
| IPCA Laboratories Limited | 1.23 |
| JB Chemicals & Pharmaceuticals Limited | 1.13 |
| Alembic Pharmaceuticals Limited | 0.91 |
| Software | 8.44 |
| ✔ Infosys Limited | 7.29 |
| MphasiS Limited | 1.15 |
| Consumer Non Durables | 6.29 |
| ✔ Hindustan Unilever Limited | 2.35 |
| Emami Limited | 1.49 |
| Britannia Industries Limited | 1.26 |
| Dabur India Limited | 0.65 |
| Colgate Palmolive (India) Limited | 0.53 |
| LT Foods Limited | 0.01 |
| Petroleum Products | 5.64 |
| Hindustan Petroleum Corporation Limited | 2.01 |
| Reliance Industries Limited | 1.95 |
| Bharat Petroleum Corporation Limited | 1.54 |
| Reliance Industries Limited - Partly Paid Shares | 0.15 |
| Telecom - Services | 5.48 |
| ✔ Bharti Airtel Limited | 5.48 |
| Consumer Durables | 4.52 |
| Crompton Greaves Consumer Electricals Limited | 1.57 |
| Sheela Foam Limited | 1.18 |
| Voltas Limited | 1.06 |
| Century Plyboards (India) Limited | 0.71 |
| Cement | 4.31 |
| ✔ UltraTech Cement Limited | 2.17 |
| ACC Limited | 2.14 |
| Chemicals | 2.72 |
| Atul Limited | 1.79 |
| GHCL Limited | 0.93 |
| Power | 2.25 |
| NTPC Limited | 1.81 |
| CESC Limited | 0.44 |
| Non - Ferrous Metals | 1.85 |
| Hindalco Industries Limited | 1.85 |
| Fertilisers | 1.84 |
| Chambal Fertilizers & Chemicals Limited | 0.94 |
| Coromandel International Limited | 0.89 |
| Industrial Capital Goods | 1.20 |
| Bharat Electronics Limited | 1.20 |
| Industrial Products | 1.18 |
| KEI Industries Limited | 0.64 |
| Finolex Cables Limited | 0.54 |
| Gas | 1.13 |
| Gujarat State Petronet Limited | 1.13 |
| Construction Project | 1.02 |
| Larsen & Toubro Limited | 1.02 |
| Construction | 1.01 |
| KNR Constructions Limited | 0.66 |
| Ahluwalia Contracts (India) Limited | 0.35 |
| Transportation | 0.93 |
| Container Corporation of India Limited | 0.93 |
| Textile Products | 0.82 |
| Welspun India Limited | 0.82 |
| Auto | 0.71 |
| Hero MotoCorp Limited | 0.71 |
| Textiles - Cotton | 0.68 |
| Vardhman Textiles Limited | 0.68 |
| Auto Ancillaries | 0.66 |
| Varroc Engineering Limited | 0.66 |
| Hotels, Resorts And Other Recreational Activities | 0.52 |
| Westlife Development Ltd | 0.52 |
| Telecom - Equipment & Accessories | 0.31 |
| Sterlite Technologies Limited | 0.31 |
| Total | 98.19 |
| MONEY MARKET INSTRUMENTS | |
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 1.93 |
| Total | 1.93 |
| Cash & Cash Equivalent | |
| Net Receivables/Payables | -0.12 |
| Total | -0.12 |
| GRAND TOTAL | 100.00 |
as on 27th Nov'20
✔ Top Ten Holdings
| Growth of Rs. 1 L invested at inception: | 5.54 L |
| SIP Returns(In %) | ||||
| 10 yr | 5 yr | 3 yr | SI* | |
| 13.84 | 10.85 | 11.89 | 13.61 | |
| 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 | 24.6 | 32.1 | 120.7 |
| Average (%) | 13.8 | 14.3 | 14.0 | 14.6 |
| % times negative returns | -- | 0.2 | 4.3 | 25.6 |
| % of times returns are in excess of 7% | 100.0 | 85.1 | 80.0 | 58.3 |
Mid Cap: 101st -250th company in terms of full market capitalization
Small Cap: 251st company onwards in terms of full market capitalization.
| New Position Bought |
| Finance |
| Aavas Financiers Limited |
| ICICI Prudential Life Insurance Company Limited |
| Consumer Durables |
| Century Plyboards (India) Limited |
| Positions Increased |
| Consumer Non Durables |
| Hindustan Unilever Limited |
| Dabur India Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Pharmaceuticals |
| Sun Pharmaceutical Industries Limited |
| Cipla Limited |
| Finance |
| HDFC Life Insurance Company Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Software |
| Infosys Limited |
| Cement |
| ACC Limited |
| Hotels, Resorts And Other Recreational Activities |
| Westlife Development Ltd |
| Positions Decreased |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Consumer Durables |
| Voltas Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Construction Project |
| Larsen & Toubro Limited |
| Pharmaceuticals |
| IPCA Laboratories Limited |
| Alembic Pharmaceuticals Limited |
| JB Chemicals & Pharmaceuticals Limited |
| Finance |
| Equitas Holdings Limited |
| Cholamandalam Investment and Finance Company Limited |
| Housing Development Finance Corporation Limited |
| Banks |
| HDFC Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Consumer Non Durables |
| Emami Limited |
| Colgate Palmolive (India) Limited |
| LT Foods Limited |
Rebalances below 0.25 % 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.