DSP Tax Saver Fund - Direct Plan
The DSP Blackrock Tax Saver Fund is an open-ended, actively managed equity mutual fund that seeks to provide its investors with long-term capital appreciation through investments in equity and equity-related instruments of primarily large-cap companies. The fund also carries the additional benefit of being an Equity-Linked Saving Scheme (ELSS) under Section 80C of the Income Tax Act, 1961. As this is an ELSS it carries a mandatory 3-year lock-in period of investment. The DSP Blackrock Tax Saver Fund is suitable for investors who have a minimum 3-year investment horizon and are seeking tax-benefits on their investments. As this fund has a large exposure to equity instruments it is prone to market volatility, therefore, investors in this fund should have a high capacity for risk.
Scheme Type
Open-ended
Scheme Category
ELSS (Tax Savings)
Benchmark Type
Nifty 500 Index
Scheme AUM (in Crs.)
₹ 4567.23
Expense Ratio
1.07%
Scheme Class
Equity
AMC AUM (in Crs.)
₹ 79245
Min Subscription
₹ 500
Min Addition Subscription
₹ 500
Performance
Comparison
Portfolio
Details
Analysis
AMC Details
Launch Date
16 Dec 1996
Sponsor
NA
Email
service@dspblackrock.com
Phone
022 - 66578000
Address
Tulsiani Chambers,,West Wing, 11th Floor,,Nariman Point, Mumbai - 400021
Tax Implications
Short Term Capital Gain (Holding period < 12months):
17.16% - 17.94%
(15% + Surcharge @ 10%-15% + 4% Health & Education Cess.)
Long Term Capital Gain:
10% without indexation & without foreign currency conversion benefit + Surcharge @10%-15% + 4% Health & Education Cess
Taxation on Dividends:
10%
(Dividend Distribution Tax is paid by the mutual funds and not by investors.)
Risk
Moderately High
Exit Load
No Exit load, if redeemed after 0 years.
Scheme Information Document (SID)
Read mutual fund scheme information document on AMC website to know fund information in detail.
Objective
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 to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time.
Suitability
This fund is suitable for investor with a high-risk appetite, looking for long-term capital appreciation through investments in equity and equity related instruments. The fund is also suitable for investors looking to make tax-savings on their mutual fund investments.
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