DSP Tax Saver Fund Growth
DSP Tax Saver Fund Growth4Morning Star
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Min amount: ₹500
- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||8.04%|
|HDFC Bank Ltd||6.62%|
|Bharti Airtel Ltd||6.57%|
|Axis Bank Ltd||5.88%|
|Reliance Industries Ltd||4.19%|
|UltraTech Cement Ltd||2.85%|
|Kotak Mahindra Bank Ltd||2.48%|
|Larsen & Toubro Ltd||2.41%|
|Bharat Petroleum Corp Ltd||2.31%|
About DSP Tax Saver Fund
DSP Tax Saver Fund is an equity-linked saving scheme (ELSS) that constitutes of equity funds and equity-related securities of corporates portfolio. The aim of this fund is to generate medium to long-term capital value and enable investors to avail deduction under Section 80C.
Pros & Cons of DSP Tax Saver Fund
The Fund has managed to deliver good results so far, in spite of competition in this particular category of funds. DSP BlackRock Tax Saver Fund would need more time to mature and upgrade in this category. Currently, the fund performance is neutral.
Fund Information and Statistics of DSP Tax Saver Fund
i) Inception / Launch date
This fund was launched on 18 January 2007 by DSP Investment Managers
ii) Risk level
Risk is moderately high as fund’s performance is driven by the market’s wide fluctuations
Being an ELSS tax saver fund, it can be redeemed after a minimum lock-in period of 3 years, under normal circumstances, the fund house will dispatch the redemption proceeds to the respective bank account within 10 business days from date of receipt of the request.
iv) Fund Manager
Rohit Singhania is an experienced fund manager who has been managing this fund since July 2015.
v) Entry / Exit load
Exit load for this fund is 0%. However, an expense ratio of 2.08% will be applied every year.
Tax benefits of investing in DSP Tax Saver Fund
This fund gives you tax benefit under Section 80C . One can get tax benefit up to Rs 1.5 lakh investment. The fund also has dividend options based solely on fund house discretion. For this fund, short-term capital gains made on the sale of units within 1 year from the date of allotment will be taxed at the rate of 15%. The long-term capital gains, over and above Rs 1 lakh, made on the sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).
About DSP Mutual Fund
DSP Muual fund is one of the oldest financial services firm in India who commenced business with stock broking business in the 1860s. DSP Investment Managers is the asset management company of this group.
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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