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.
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.
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.