DSP Mutual Fund Declares Income Distribution Under ELSS Tax Saver Fund

DSP Mutual Fund has announced an income distribution of ₹0.60 per unit under the IDCW (Income Distribution cum Capital Withdrawal) option for its DSP ELSS Tax Saver Fund. This applies to both the regular and direct plans of the scheme. The record date for the distribution is May 15, 2025.

Fund Overview

The DSP ELSS Tax Saver Fund was launched on January 1, 2013. Since its inception, the fund has delivered a return of 18.16%. It is benchmarked against the NIFTY 500 TRI and falls under the “very high” risk category as per the riskometer classification. The fund comes with a mandatory lock-in period of three years, as it qualifies for tax deductions under Section 80C of the Income Tax Act.

Investment and Withdrawal Requirements

The minimum investment amount in the scheme is ₹500. Additional investments and systematic investment plans (SIPs) can also be made starting from ₹500. Investors are required to provide at least 6 cheques for SIPs. The minimum withdrawal amount is ₹500. The fund does not levy any exit load, but redemptions are restricted until the completion of the three-year lock-in.

Asset Allocation

The fund maintains an asset allocation of 93.49% in equity and 6.51% in cash and cash equivalents. Being an equity-linked scheme, the majority of the portfolio is exposed to the stock market.

Other Details

• Fund House: DSP Mutual Fund
• Lock-in Period: 3 years
• Exit Load: Nil
• Benchmark: NIFTY 500 TRI
• Risk Level: Very High

Read more: DSP Mutual Fund Filed Drafts for 2 New Index Funds

Conclusion

The income distribution of ₹0.60 per unit is applicable only to those holding units in the IDCW option as of the record date. All other investment parameters and scheme characteristics remain unchanged.

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