DSP ELSS Tax Saver Fund Direct Plan Growth

DSP ELSS Tax Saver Fund Direct Plan Growth

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 125.7 as on 22-02-2024
Fund Performance
zero opening, trading, fund transfer fee
13386 people have invested ₹ 6.6Cr in DSP ELSS Tax Saver Fund Direct Plan Growth in the last three months

Mutual Fund Insights

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In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.03% return, outperforming this fund by 12.56% per annum.
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This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.68% which is lower than the category average expense ratio of 1.3%.
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In the last 1 year, SBI Long Term Equity Fund Direct Growth has given 56.06% return, outperforming this fund by 16.01%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.7% return, outperforming this fund by 12.41% per annum.
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Over the last 3 months, this fund has decreased expense ratio by 15.0% moving from 0.80 to 0.68.
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Over the last 3 months, this fund has experienced a 18.4% growth in AUM moving from 11.69K Cr to 13.84K Cr.

INDmoney Rank of DSP ELSS Tax Saver Fund Direct Plan Growth

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5
/23
70% Performance
45% Risk Management
75% Cost
5 out of 23 among elss (tax savings)

Pros

Generated Consistent Returns
Larger AUM within category
5Y returns in the top 25% of the category

Cons

No bad points found for this fund.

About the DSP ELSS Tax Saver Fund Direct Plan Growth

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

Key Parameters

  1. DSP ELSS Tax Saver Fund Direct Plan Growth has ₹13846 Cr worth of assets under management (AUM) as on Jan 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

DSP ELSS Tax Saver Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.68%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹13846 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
35.05%

DSP ELSS Tax Saver Fund Direct Plan Growth Distribution as on (31-Jan-24)

  • Equity 95.1%

  • Debt & Cash 4.9%

Size breakup

Large cap
61%
Mid cap
22.1%
Small cap
12%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
36.9%
Consumer Cyclical
12.6%
Tech
9.5%
Basic Materials
9.1%
Health
8.5%
Industrial
6.5%
Utilities
5%
Consumer Defensive
4.9%
Energy
4.6%
Communication
2%
Real Estate
0.4%

Top Holdings of DSP ELSS Tax Saver Fund Direct Plan Growth as on (31-Jan-24)

  • Equity

Equity Holdings68

DSP ELSS Tax Saver Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
2.00%
8.04%
8.07%
Nifty 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at 2.00% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.71% as on Jan'24
  • This fund outperformed Nifty 500 by 0.30% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 13.8K Cr
₹ 13.6K Cr
₹ 12.6K Cr
  • AUM of the fund stands at 13.8K Cr as of Jan'24
  • AUM increased by 263.1 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in DSP ELSS Tax Saver Fund Direct Plan Growth portfolio Returns for the month of Jan

DSP ELSS Tax Saver Fund Direct Plan Growth Fund Manager

Rohit Singhania
Rohit Singhania
Fund Manager of DSP ELSS Tax Saver Fund Direct Plan Growth, since 16 July 2015
Charanjit Singh
Charanjit Singh
Fund Manager of DSP ELSS Tax Saver Fund Direct Plan Growth, since 1 May 2023

DSP ELSS Tax Saver Fund Direct Plan Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.36% since inception which is more than its category average return of 15.74%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.1% in Equity, 0% in Debt and 4.9% in Cash related instruments
AUM size ₹13846 Cr

AUM size ₹13846 Cr

This fund has AUM of ₹13846 Cr which is more than its category average of ₹ 3382 Cr
Expense Ratio 0.68%

Expense Ratio 0.68%

This fund has an expense ratio of 0.68% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of DSP ELSS Tax Saver Fund Direct Plan Growth is ₹125.69 as on 22-Feb-2024.
Existing (Absolute + CAGR) as on 22-Feb-2024.
DSP ELSS Tax Saver Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.98%
3.98%
6 Month Returns
22.26%
22.26%
1 Year Returns
40.05%
40.05%
3 Years Returns
79.24%
21.47%
5 Years Returns
173.54%
22.29%
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0.68% as on January 2024
₹13846 Cr as on January 2024
ICICI Bank Ltd(7.7%), HDFC Bank Ltd(7.06%), State Bank of India(4.06%), Power Finance Corp Ltd(2.88%), Infosys Ltd(2.86%) as on January 2024
Financial Services(35.12%), Consumer Cyclical(12.02%), Tech(9.02%) as on January 2024
The alpha ratio for the DSP ELSS Tax Saver Fund Direct Plan Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
DSP ELSS Tax Saver Fund Direct Plan Growth
1.78
3.07
2.83
As on January 2024
The alpha for DSP ELSS Tax Saver Fund Direct Plan Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the DSP ELSS Tax Saver Fund Direct Plan Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
DSP ELSS Tax Saver Fund Direct Plan Growth
1
0.94
0.98
As on January 2024
The Beta for DSP ELSS Tax Saver Fund Direct Plan Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the DSP ELSS Tax Saver Fund Direct Plan Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
DSP ELSS Tax Saver Fund Direct Plan Growth
2.03
1.33
0.85
As on January 2024
The sharpe ratio for DSP ELSS Tax Saver Fund Direct Plan Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the DSP ELSS Tax Saver Fund Direct Plan Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
DSP ELSS Tax Saver Fund Direct Plan Growth
12.34
13.42
19.27
As on January 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.7 as on January 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.66 as on January 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Rohit Singhania, Charanjit Singh are the fund managers of DSP ELSS Tax Saver Fund Direct Plan Growth
The Exit load of DSP ELSS Tax Saver Fund Direct Plan Growth is 0%