DSP Tax Saver Fund - Direct Plan - Growth

About DSP Tax Saver Fund

DSP Tax Saver Fund, as the name suggests, is an open-ended equity-linked savings scheme that offers tax benefits under section 80C of the Income Tax Act, 1961. Those who are seeking income tax deduction can save up to Rs.46,800 per financial year by investing in this tax-saver fund. In addition, the fund looks at long-term capital appreciation and allocates funds to equity and equity-related securities of corporates.

Pros and Cons of DSP Tax Saver Fund

Investing in DSP Tax Saver Fund can help you save income tax, while offering an opportunity to grow your capital. The exit load is zero. Also, the returns on redemption is higher than the category average returns based on the historic data. However, the investment objective of the fund may not be achieved.

Fund Information and Statistics

i) Inception/Launch Date DSP Tax Saver Fund was launched on 1 January 2013.

ii) Risk Level The fund involves a moderately high risk profile. Also, the fund does not assure that the investment objective will be realised.

iii) Redemption Since DSP Tax Saver Fund is a tax saving instrument, a lock-in period of 3 years is applicable for the units purchased.

iv) Fund Manager Mr Rohit Singhania is the current Fund Manager for DSP Tax Saver Fund.

v) Entry/Exit Load This equity-linked savings scheme comes with nil exit load. Entry load is not applicable to mutual fund purchases as per the order of SEBI.

About DSP Group

DSP Group, a premier asset management company, was set up on 13 May 1996. The company registered with the Securities and Exchange Board of India on 30 January 1997. The sponsors for the fund house are DSP HMK Holdings Private and DSP ADIKO Holdings Private Limited. The trustee for the fund house is DSP Trustee Private Limited.