DSP Equity Savings Fund - Regular Plan - Growth
DSP Equity Savings Fund - Regular Plan - Growth2Morning Star
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Min amount: ₹500
- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Equity Savings|
|Exit Load||1% for 365 Days|
More about this fund
|Reliance Industries Ltd||8.83%|
|Future on Reliance Industries Ltd||7.35%|
|Future on Housing Development Finance Corp Ltd||6.17%|
|Housing Development Finance Corp Ltd||6.14%|
|Bajaj Finance Ltd||5.27%|
|India Grid Trust Units Series - IV||5.2%|
|HDFC Bank Ltd||3.91%|
|ICICI Bank Ltd||3.29%|
|SBI Cards & Payment Services Private Limited||3.25%|
|IRB InvIT Fund Units 2017-Series IV||2.52%|
About DSP Equity Savings Fund
DSP Equity Savings Fund is an open-ended scheme that seeks to generate income and capital appreciation over a long-term. The fund will achieve this by investing in fixed income securities as well as equity & equity related securities using derivatives strategy and arbitrage opportunities. The fund will invest the balance assets in debt & money market instruments.
Pros & Cons of DSP Equity Savings Fund
DSP Equity Savings Fund offers the following benefits:
- The scheme offers benefits of regular income and long-term capital appreciation.
- However, the fund returns are consistently lower than the average category returns.
- Notably, the fund age is less than three years.
Fund Information and Statistics of DSP Equity Savings Fund
i) Inception / Launch date
The DSP Equity Savings Fund was offered on March 28, 2016, by DSP Mutual Fund.
ii) Risk level
The fund is a moderately high-risk bet and suitable for investors looking to get decent returns over a long investment horizon.
The units can be redeemed on any business day at the NAV prices. Under normal circumstances, your fund house will dispatch the redemption proceeds within 3 business day.
iv) Fund Manager
The fund is jointly managed by Mr Gopal Agrawal since August 2018 and Mr Saurabh Bhatia & Mr Jay Kothari since March 2018.
v) Entry / Exit load
The fund house does not charge any entry load or exit load if redeemed after one year from the date of allotment. However, 1% exit load is charged if units are redeemed in excess of 10% within one year.
Tax benefits of investing in DSP Equity Savings Fund
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains, in excess of Rs 1 Lakh, will be taxed at 10% without indexation if redeemed after one year.
About DSP Mutual Fund
DSP group comes with a legacy of 152 years and has been managing assets since over 22years. DSP Mutual Fund was established on December 16, 1996. The fund house offers schemes ranging from equity, debt, tax and hybrid. The AMC takes measured risks depending on market conditions to ensure maximum possible returns.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns