3 Year return

21.96%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹15161.2 Cr.

Expense Ratio

0.75% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
4.5

Ratings by other agencies

4
3
4

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

DSP Mutual Fund Managers

RS

Rohit Singhania

Fund Manager since Jun 2010

View Details

Fund House Details

DSP Mutual Fund

DSP Mutual Fund Asset management company

AUM ₹148,081.58 Cr.
No. of Schemes 165
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by DSP Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Debt . Gilt Fund with 10 year Constant duration

DSP 10Y G-Sec Fund Direct Plan Growth

3.88%
scheme logo

Debt . Gilt Fund with 10 year Constant duration

DSP 10Y G-Sec Fund Direct Plan IDCW Monthly Payout

3.88%
scheme logo

Debt . Gilt Fund with 10 year Constant duration

DSP 10Y G-Sec Fund Direct Plan IDCW Monthly Reinvestment

3.88%
scheme logo

Debt . Gilt Fund with 10 year Constant duration

DSP 10Y G-Sec Fund Direct Plan IDCW Quarterly Payout

3.86%
scheme logo

Debt . Gilt Fund with 10 year Constant duration

DSP 10Y G-Sec Fund Direct Plan IDCW Payout

3.67%

About DSP Tax SIs This Scheme Right for Me?

The DSP Tax Saver Direct Plan-Growth is an Equity-Linked Savings Scheme (ELSS) mutual fund offered by DSP Mutual Fund. This fund invests in both established and emerging companies across various market caps, providing a balanced mix of growth and stability. It's a fund with a dual purpose: to provide investors with opportunities for capital appreciation and to facilitate tax savings under Section 80C of the Indian Income Tax Act. As part of its equity-driven portfolio, investors should anticipate short-term return fluctuations, particularly during volatile market conditions.

Investment Objective of the Scheme

DSP Tax Saver Direct Plan-Growth seeks to generate medium to long-term capital appreciation by maintaining a diversified portfolio that primarily comprises equity and equity-related securities of corporations. In addition to the potential for capital growth, the fund allows investors to avail of deductions from their total income as permitted under the Income Tax Act. This unique blend of wealth creation and tax-saving possibilities forms the core of the fund's objective. If you're an investor with a minimum investment horizon of 3 years and are looking for opportunities that offer both higher returns and income tax-saving benefits, the DSP Tax Saver Direct Plan-Growth could be an attractive option. However, like all equity investments, this fund carries a moderate risk. As an ELSS fund with a 3-year lock-in period, it's best for those comfortable with this term and potential short-term risks for long-term gains.

Key Features of The Fund

5-year return 22.66%
Expense Ratio 0.75%
Fund Manager Rohit Singhania
Fund Size ₹15161.2 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you're an investor with a minimum investment horizon of 3 years and are looking for opportunities that offer both higher returns and income tax-saving benefits, the DSP Tax Saver Direct Plan-Growth could be an attractive option. However, like all equity investments, this fund carries a moderate risk. As an ELSS fund with a 3-year lock-in period, it's best for those comfortable with this term and potential short-term risks for long-term gains.

AMC Contact Details

Name DSP Mutual Fund
Launch Date May 1996
Addresss NATRAJ, Office No. 302, 3rd Floor, Plot No - 194, MV Road Junction, Western Express Highway, Andheri (East) Mumbai
Contact 7738000030
Email service@dspim.com
Website https://www.dspim.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of DSP ELSS Tax Saver Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of DSP ELSS Tax Saver Fund Jun 18 2024 is 142.507

What is the AUM of DSP ELSS Tax Saver Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of DSP ELSS Tax Saver Fund is 15161.2 crore.

What is the expense ratio of DSP ELSS Tax Saver Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of DSP ELSS Tax Saver Fund is 0.75%

What are the returns of DSP ELSS Tax Saver Fund since inception?

The DSP ELSS Tax Saver Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 19.04 since inception.

What is the minimum SIP amount to invest in DSP ELSS Tax Saver Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for DSP ELSS Tax Saver Fund is 500.

How do I invest in DSP ELSS Tax Saver Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in DSP ELSS Tax Saver Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in DSP ELSS Tax Saver Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in DSP ELSS Tax Saver Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.