DSP Equity Savings Fund Direct Growth

DSP Equity Savings Fund Direct Growth

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Hybrid
Direct
Equity Savings
NAV: ₹ 21.97 as on 12-06-2024

About the Fund

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.

Key Parameters

  1. DSP Equity Savings Fund Direct Growth has ₹1206 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

DSP Equity Savings Fund Direct Growth has given a CAGR return of 10.05% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 15.28%, 9.78% and 10.41% respectively.

Holdings

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

Taxation

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).

Investment objective of DSP Equity Savings Fund Direct Growth

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 and lockin period

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.

Fund Performance
zero opening, trading, fund transfer fee
138 people have invested ₹ 29.6L in DSP Equity Savings Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
4
/8
13% Performance
68% Risk Management
82% Cost
4 out of 8 among equity savings

Overview

Expense ratio
Expense ratio
0.47%
Benchmark
Benchmark
NIFTY Equity Savings TR INR
AUM
AUM
₹1206 Cr
Inception Date
Inception Date
28 March, 2016
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
444.01%

DSP Equity Savings Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 34.1%

  • Debt & Cash 64%

Size breakup

Large cap
64%
Mid cap
29.3%
Small cap
4.8%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
39.3%
Basic Materials
12.6%
Communication
10.5%
Energy
9.1%
Health
8.5%
Consumer Cyclical
6%
Tech
5.1%
Consumer Defensive
4.7%
Utilities
2.3%
Industrial
1.4%
Real Estate
0.4%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 1.1K Cr
₹ 964.4 Cr
₹ 885.5 Cr
  • AUM of the fund stands at 1.1K Cr as of Apr'24
  • AUM increased by 137.8 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of DSP Equity Savings Fund Direct Growth as on (31-May-24)

  • Equity

  • Debt & Cash

Equity Holdings90
Debt Holdings11

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.47% which is lower than the category average expense ratio of 1.05%.
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Over the last 3 months, this fund has decreased expense ratio by 20.3% moving from 0.59 to 0.47.
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In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 24.61% return, outperforming this fund by 9.33%.
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In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.86% return, outperforming this fund by 4.08% per annum.
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In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.9% return, outperforming this fund by 3.49% per annum.
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Over the last 6 months, this fund has experienced a 76.4% growth in AUM moving from 683.7 Cr to 1.20K Cr.

Fund Manager

Kedar Karnik
Kedar Karnik
Fund Manager of DSP Equity Savings Fund Direct Growth, since 17 July 2021
Jay Kothari
Jay Kothari
Fund Manager of DSP Equity Savings Fund Direct Growth, since 16 March 2018

DSP Equity Savings Fund Direct Growth Highlights

Risk meter
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Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 10.05% since inception which is more than its category average return of 8.14%
Fund Allocations

Fund Allocations

This fund has an allocation of 34.14% in Equity, 22.39% in Debt and 41.62% in Cash related instruments
AUM size ₹1206 Cr

AUM size ₹1206 Cr

This fund has AUM of ₹1206 Cr which is less than its category average of ₹ 1320 Cr
Expense Ratio 0.47%

Expense Ratio 0.47%

This fund has an expense ratio of 0.47% which is less than its category average expense ratio of 1.13%

Frequently Asked Questions

The current NAV of DSP Equity Savings Fund Direct Growth is ₹21.97 as on 12-Jun-2024.
Existing (Absolute + CAGR) as on 12-Jun-2024.
DSP Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.19%
2.19%
6 Month Returns
7.08%
7.08%
1 Year Returns
15.28%
15.28%
3 Years Returns
32.31%
9.78%
5 Years Returns
64.08%
10.41%
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.
0.47% as on May 2024
₹1206 Cr as on May 2024
HDFC Bank Ltd(9.25%), 7.38% Govt Stock 2027(5.61%), ICICI Bank Ltd(3.64%), Adani Enterprises Ltd(3.61%), Vodafone Idea Ltd(3.34%) as on May 2024
Cash Equivalent(41.01%), Government(14.66%), Financial Services(13.58%) as on May 2024
AAA
100
Kedar Karnik, Jay Kothari are the fund managers of DSP Equity Savings Fund Direct Growth
The Exit load of DSP Equity Savings Fund Direct Growth is 0%