DSP ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
About the Fund
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, Charanjit Singh. The fund could potentially beat inflation in the long-run.
Key Parameters
- DSP ELSS Tax Saver Fund Direct Growth has ₹16284 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
DSP ELSS Tax Saver Fund Direct Growth has given a CAGR return of 19.46% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 48.06%, 22.32% and 24.90% respectively.
Holdings
DSP ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Tech, Health, Consumer Defensive, Communication, Energy, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Infosys Ltd
Taxation
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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of DSP ELSS Tax Saver Fund Direct Growth
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 to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time.
Minimum Investment and lockin period
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
Fund Performance
15145 people have invested ₹ 8Cr in DSP ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
7
/23
64% Performance
39% Risk Management
63% Cost
7 out of 23 among elss (tax savings)
Larger AUM within category
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.71% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹16284 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 35.05% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Large cap
63.8%
Mid cap
18.9%
Small cap
15.2%
Sector Allocation
Financial Services
35.1%
Consumer Cyclical
13.1%
Industrial
8.5%
Basic Materials
8.5%
Tech
8.3%
Health
7.2%
Consumer Defensive
5.6%
Communication
5%
Energy
4.8%
Utilities
4%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.19% | 0% | |
 ICICI Bank Ltd | 6.91% | 0% | |
 Axis Bank Ltd | 3.66% | 7.5% | |
 State Bank of India | 3.62% | -15.3% | |
 Infosys Ltd | 3.09% | 3.4% |
See all
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Suven Pharmaceuticals Ltd | 24% |
Samvardhana Motherson International Ltd | 2.4% |
Rohit Singhania
Fund Manager of DSP ELSS Tax Saver Fund Direct Growth, since 16 July 2015
Top funds managed
Charanjit Singh
Fund Manager of DSP ELSS Tax Saver Fund Direct Growth, since 1 May 2023
Top funds managed
Mutual Fund Insights
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.48% return, outperforming this fund by 6.17% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 57.32% return, outperforming this fund by 9.26%.
Over the last 6 months, this fund has experienced a 19.9% growth in AUM moving from 13.58K Cr to 16.28K Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.98% return, outperforming this fund by 12.08% per annum.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.71% which is lower than the category average expense ratio of 1.27%.
Over the last 3 months, this fund has decreased expense ratio by 10.1% moving from 0.79 to 0.71.
DSP ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.46% since inception which is more than its category average return of 16.63%
Fund Allocations
This fund has an allocation of 97.84% in Equity, 0% in Debt and 2.16% in Cash related instruments
AUM size ₹16284 Cr
This fund has AUM of ₹16284 Cr which is more than its category average of ₹ 3925 Cr
Expense Ratio 0.71%
This fund has an expense ratio of 0.71% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of DSP ELSS Tax Saver Fund Direct Growth is ₹149.65 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
DSP ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.78% | 4.78% |
6 Month Returns | 24.76% | 24.76% |
1 Year Returns | 48.06% | 48.06% |
3 Years Returns | 83% | 22.32% |
5 Years Returns | 203.97% | 24.9% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.71% as on June 2024
₹16284 Cr as on June 2024
HDFC Bank Ltd(8.19%), ICICI Bank Ltd(6.91%), Axis Bank Ltd(3.66%), State Bank of India(3.62%), Infosys Ltd(3.09%) as on June 2024
Financial Services(34.3%), Consumer Cyclical(12.81%), Industrial(8.32%) as on June 2024
The alpha ratio for the DSP ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
DSP ELSS Tax Saver Fund Direct Growth | 5.14 | 2.88 | 2.96 |
As on June 2024
The alpha for DSP ELSS Tax Saver Fund Direct 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 Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
DSP ELSS Tax Saver Fund Direct Growth | 1.06 | 0.93 | 0.98 |
As on June 2024
The Beta for DSP ELSS Tax Saver Fund Direct 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 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 Growth | 2.65 | 1.2 | 0.92 |
As on June 2024
The sharpe ratio for DSP ELSS Tax Saver Fund Direct 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 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 Growth | 12.62 | 13.04 | 19.2 |
As on June 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 2.34 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.55 as on June 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 Growth
The Exit load of DSP ELSS Tax Saver Fund Direct Growth is 0%