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: | ₹ 49.273 |
| Direct Plan | |
| Growth: | ₹ 52.345 |
Total aum
₹ 6,325 Cr
Monthly average aum
₹ 6,369 Cr
Portfolio Turnover Ratio(Last 12 months):
1.29
3 Year Risk Statistics:
| Standard Deviation : | 22.05% |
| Beta : | 1.01 |
| R-Squared : | 97.55% |
| Sharpe Ratio : | -0.07 |
Month End Expense Ratio
| Regular Plan : | 1.83% |
| Direct Plan : | 0.93% |
Fund Category
ELSS
Tenure
13 Yr 9 Mn
Exit Load
Not Applicable
Data As On October 31, 2020
| Name of Instrument | % to Net Assets |
| EQUITY & EQUITY RELATED | |
| Listed / awaiting listing on the stock exchanges | |
| Banks | 25.80 |
| ✔ ICICI Bank Limited | 9.74 |
| ✔ HDFC Bank Limited | 9.35 |
| ✔ State Bank of India | 4.09 |
| ✔ Axis Bank Limited | 2.63 |
| Finance | 10.03 |
| ✔ Housing Development Finance Corporation Limited | 2.70 |
| Manappuram Finance Limited | 2.06 |
| Cholamandalam Investment and Finance Company Limited | 1.16 |
| HDFC Asset Management Company Limited | 1.01 |
| SBI Life Insurance Company Limited | 0.98 |
| HDFC Life Insurance Company Limited | 0.83 |
| ICICI Lombard General Insurance Company Limited | 0.69 |
| Equitas Holdings Limited | 0.60 |
| Pharmaceuticals | 9.48 |
| ✔ Dr. Reddy's Laboratories Limited | 2.87 |
| IPCA Laboratories Limited | 1.51 |
| JB Chemicals & Pharmaceuticals Limited | 1.48 |
| Cipla Limited | 1.40 |
| Alembic Pharmaceuticals Limited | 1.13 |
| Sun Pharmaceutical Industries Limited | 1.08 |
| Software | 8.50 |
| ✔ Infosys Limited | 7.17 |
| MphasiS Limited | 1.34 |
| Telecom - Services | 6.23 |
| ✔ Bharti Airtel Limited | 6.23 |
| Consumer Non Durables | 5.75 |
| Hindustan Unilever Limited | 1.51 |
| Emami Limited | 1.41 |
| Britannia Industries Limited | 1.34 |
| Colgate Palmolive (India) Limited | 0.70 |
| Dabur India Limited | 0.54 |
| LT Foods Limited | 0.27 |
| Petroleum Products | 5.49 |
| ✔ Reliance Industries Limited | 2.31 |
| Hindustan Petroleum Corporation Limited | 2.06 |
| Bharat Petroleum Corporation Limited | 0.93 |
| Reliance Industries Limited - Partly Paid Shares | 0.18 |
| Cement | 4.55 |
| ✔ UltraTech Cement Limited | 2.29 |
| ACC Limited | 2.26 |
| Consumer Durables | 3.95 |
| Crompton Greaves Consumer Electricals Limited | 1.71 |
| Voltas Limited | 1.12 |
| Sheela Foam Limited | 1.12 |
| Chemicals | 2.84 |
| Atul Limited | 1.90 |
| GHCL Limited | 0.95 |
| Power | 2.33 |
| NTPC Limited | 1.86 |
| CESC Limited | 0.47 |
| Fertilisers | 1.70 |
| Coromandel International Limited | 0.87 |
| Chambal Fertilizers & Chemicals Limited | 0.83 |
| Non - Ferrous Metals | 1.40 |
| Hindalco Industries Limited | 1.40 |
| Construction Project | 1.12 |
| Larsen & Toubro Limited | 1.12 |
| Gas | 1.11 |
| Gujarat State Petronet Limited | 1.11 |
| Industrial Products | 1.10 |
| KEI Industries Limited | 0.57 |
| Finolex Cables Limited | 0.54 |
| Industrial Capital Goods | 1.04 |
| Bharat Electronics Limited | 1.04 |
| Transportation | 0.99 |
| Container Corporation of India Limited | 0.99 |
| Construction | 0.99 |
| KNR Constructions Limited | 0.64 |
| Ahluwalia Contracts (India) Limited | 0.35 |
| Textile Products | 0.92 |
| Welspun India Limited | 0.92 |
| Textiles - Cotton | 0.71 |
| Vardhman Textiles Limited | 0.71 |
| Auto | 0.71 |
| Hero MotoCorp Limited | 0.71 |
| Auto Ancillaries | 0.55 |
| Varroc Engineering Limited | 0.55 |
| Hotels, Resorts And Other Recreational Activities | 0.50 |
| Westlife Development Ltd | 0.50 |
| Telecom - Equipment & Accessories | 0.31 |
| Sterlite Technologies Limited | 0.31 |
| Total | 98.14 |
| MONEY MARKET INSTRUMENTS | |
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 1.99 |
| Total | 1.99 |
| Cash & Cash Equivalent | |
| Net Receivables/Payables | -0.13 |
| Total | -0.13 |
| GRAND TOTAL | 100.00 |
as on 30th Oct'20
✔ Top Ten Holdings
| Growth of Rs. 1 L invested at inception: | 4.93 L |
| SIP Returns(In %) | ||||
| 10 yr | 5 yr | 3 yr | SI* | |
| 11.77 | 6.46 | 4.05 | 12.24 | |
| 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 (%) | 13.9 | 14.3 | 14.1 | 14.7 |
| % times negative returns | 0.0 | 0.2 | 4.4 | 25.6 |
| % of times returns are in excess of 7% | 100.0 | 85.0 | 80.6 | 58.5 |
Mid Cap: 101st -250th company in terms of full market capitalization
Small Cap: 251st company onwards in terms of full market capitalization.
| Positions Increased |
| Banks |
| Axis Bank Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Bharat Petroleum Corporation Limited |
| Finance |
| Equitas Holdings Limited |
| Cholamandalam Investment and Finance Company Limited |
| Fertilisers |
| Chambal Fertilizers & Chemicals Limited |
| Software |
| MphasiS Limited |
| Infosys Limited |
| Industrial Products |
| Finolex Cables Limited |
| Industrial Capital Goods |
| Bharat Electronics Limited |
| Transportation |
| Container Corporation of India Limited |
| Pharmaceuticals |
| Dr. Reddy's Laboratories Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Positions Decreased |
| Fertilisers |
| Coromandel International Limited |
| Cement |
| UltraTech Cement Limited |
| Consumer Non Durables |
| LT Foods Limited |
| Colgate Palmolive (India) Limited |
| Banks |
| ICICI Bank Limited |
| HDFC Bank Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Textile Products |
| Welspun India Limited |
| Consumer Durables |
| Voltas Limited |
| Crompton Greaves Consumer Electricals Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Auto |
| Hero MotoCorp Limited |
| Pharmaceuticals |
| Cipla Limited |
| JB Chemicals & Pharmaceuticals Limited |
| IPCA Laboratories Limited |
| Alembic Pharmaceuticals 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.