DSP ELSS Tax Saver Fund Direct Growth

DSP ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Rohit Singhania. The fund could potentially beat inflation in the long-run.

1. DSP ELSS Tax Saver Fund Direct Growth has ₹17428 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 0.7.
   

DSP ELSS Tax Saver Fund Direct Growth has given a CAGR return of 17.81% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.79%, 19.85% and 24.18% respectively.

DSP ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Health, Basic Materials, Tech, Industrial, Communication, Consumer Defensive, Energy, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Axis Bank Ltd, Infosys Ltd

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The primary investment objective of the Scheme is to seek to generate medium to long-term 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.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for DSP ELSS Tax Saver Fund Direct Growth of 3 Years