DSP Equity Savings Fund Direct Growth

DSP Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 28 March, 2016. The fund is managed by Kedar Karnik, Jay Kothari. This fund gives you the benefit of diversification.

1. DSP Equity Savings Fund Direct Growth has ₹1937 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
2. The fund has an expense ratio 0.5.
   

DSP Equity Savings Fund Direct Growth has given a CAGR return of 10.45% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.60%, 10.23% and 11.53% respectively.

DSP Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Energy, Consumer Cyclical, Corporate, Basic Materials, Communication, Industrial, Health, Tech, Consumer Defensive, Utilities, Securitize, Real Estate.

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the Scheme is to generate income through investments in fixed income securities and using arbitrage and other derivative Strategies. The Scheme also intends to generate longterm capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. However, there can be no assurance that the investment objective of the scheme will be realized.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Equity Savings Fund Direct Growth has no lock in period.