Investment Objective and Approach

The primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time.

DSP Tax Saver Fund follows a multi-cap strategy i.e. it invests in large cap (top 100 stocks by market capitalization), midcap (101st to 250th stocks by market cap) and small cap stocks (251st or lower stocks by market cap). The investment strategy of DSP Tax Saver Fund combines a top-down sector allocation approach (based on overall sector attractiveness) with bottomup stock picking.

The fund follows the Growth at Reasonable Price (GARP) approach using a blend of styles- The GARP approach combines the benefits of growth and value investing. The benefit for investors is potential superior returns on investment over a long investment horizon, along with a degree of margin of safety in market downturns. The fund manager combines a fundamental view with an evaluation of growth prospects and valuations.

Key investment features include:

- Tax benefits under Section 80C up to ₹1.5 lakh annually

- The fund has a mandatory lock-in period of 3 years. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options.

- Multi-cap equity exposure for potential capital appreciation

- Dividend/growth options available

Fund Manager

Rohit Singhania is the Current Fund Manager of DSP ELSS Tax Saver Fund Direct Plan Growth fund. Mr.Rohit Singhania has over 12 years experience in Equity Research.

Professional background:

- Rohit joined DSP Asset Managers in September 2005, as Portfolio Analyst for the firm's Portfolio Management Services (PMS) division.

- He was transferred to the Institutional Equities Team of DSP Asset Managers in June 2009. Previously, he was with HDFC Securities Limited as a part of its Institutional Equities Research Desk. He spent 13 months at HDFC Securities as Sr. Equity Analyst.

- Rohit is a Research Analyst focusing on sectors like Auto, Auto Ancillaries, Metals, Infrastructure, Sugar and Hotels. He is the Co-Fund Manager for DSP India T.I.G.E.R. Fund since June 2010.

- Rohit Singhania did his MMS in Finance and worked at various firms including SMIFS Securities Limited, Quantum Securities Limited, IL&FS Investment Managers, and HDFC Securities as Equity Research Analyst before joining DSP Mutual Fund. Currently, he is the Co-Head Equities & Fund Manager.

About the Fund House (AMC)

DSP Mutual Fund has a rich heritage in Indian financial services. DSP Investment Managers is an independent Indian AMC started in 1996. The DSP group (which owns the AMC) is a 150+ year old financial company which started stock broking as early as the 1860s. Since its inception, the fund house has grown to become one of India's premier AMCs with a track record of over 20 years.

Company evolution:

- DSP Mutual Fund was established in 1996 as a joint venture between the DSP group of India and the US-based Merrill Lynch in 1996.

- The name of DSP Mutual Fund was changed to DSP BlackRock after Merill Lynch took over in 2008. The DSP Group brought out BlackRock its partner in the joint venture in 2018 and changed its name to DSP Mutual Fund.

- The DSP Mutual Fund counts DSP HMK Holdings Private Limited and DSP Adiko Holdings Private Limited and BlackRock Inc. as its sponsors. It has DSP BlackRock Trustee Company Pvt. Limited as its trustee.

Key statistics as of August 2025:

- AUM ₹198,255.66 Cr.

- No. of Schemes 202

Should I Invest in DSP ELSS Tax Saver Fund?

DSP ELSS Tax Saver Fund can be suitable for investors seeking tax-saving opportunities combined with equity market exposure. Here are key considerations:

Advantages:

- The DSP Tax Saver Fund offers tax benefits under Section 80C of the Income Tax Act 1961. Investors can claim deductions of up to Rs 1.5 lakh from their taxable income by investing in ELSS. Taxpayers can save up to Rs 46,800 in taxes by investing in DSP Tax Saver Fund.

- Since ELSS investments are locked in for three years, capital gains made by the fund gains are subject to Long-Term Capital Gains Taxation. Capital gains of up to Rs 1 lakh in a financial year are tax-free; capital gains exceeding Rs 1 lakh are taxed at 10%. The tax treatment of ELSS makes it one of the most tax-efficient investments under Section 80C.

- The fund has consistently outperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.

- Ranked 4 out of 23 mutual funds in the elss (tax savings) category as per INDmoney.

Investment minimums:

- The minimum investment required to start investing in DSP ELSS Tax Saver Fund - Regular Plan is ₹500 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.

Risk considerations:

- As equity-linked investments, ELSS carries market risk, meaning they can be volatile in the short term. However, historical data shows that ELSS funds have the potential for higher returns compared to traditional fixed-income tax-saving instruments. Investors should invest according to their risk appetites.

- The DSP ELSS Tax Saver Fund Direct Plan Growth is rated Very High risk.

The fund may be suitable for investors with long-term investment horizon, moderate to high risk tolerance, and those seeking tax benefits under Section 80C.

FAQs

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

The latest NAV varies by plan - the latest NAV declared is ₹149.881 as on 09 Aug 2025 at 6:27 pm. Check the specific plan (direct/regular, growth/dividend) for exact NAV.

What is the AUM of DSP ELSS Tax Saver Fund?

It has an AUM of ₹17,427.57 Crores as of August 2025, making it one of the larger ELSS funds in the market.

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

The expense ratio is 0.74% for the direct plan, while the regular plan has a higher expense ratio due to distribution costs.

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

DSP ELSS Tax Saver Fund Direct Growth has given a CAGR return of 18.31% since inception. DSP ELSS Tax Saver Direct Plan-Growth scheme return performance in last 1 year is 0.94%, in last 3 years is 72.31% and 679.41% since scheme launch.

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

The min. SIP amount to invest in this scheme is ₹500. This makes it accessible for retail investors to start their tax-saving investment journey.

How do I invest in DSP ELSS Tax Saver Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing between SIP or lumpsum, and setting up payment instructions. Allvest provides a seamless investment experience.

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

Through Allvest, select the DSP ELSS Tax Saver Fund, choose SIP option, set your monthly investment amount (minimum ₹500), select investment date, and complete the bank mandate setup.

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

Allvest allows you to set up auto-debit instructions from your bank account. Once you complete the mandate registration, the SIP amount will be automatically debited monthly on your chosen date.

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

ELSS funds have a lock-in period of 3 years; investors cannot redeem their ELSS units before the completion of 3 years from the investment date. After the lock-in period, you can redeem through Allvest platform or directly from the fund house.