| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.86% |
| NAV | ₹14.21 (23 Oct 2020) |
|---|---|
| Fund Started | 28 Mar 2016 |
| Fund Size | ₹406 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | NCD | 6.6% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 6.4% |
| India Grid Trust | Engineering | Equity | 6.1% |
| ICICI Bank Ltd. | Financial | Equity | 4.2% |
| HDFC Bank Ltd. | Financial | Equity | 2.9% |
| Dabur India Ltd. | FMCG | Equity | 2.8% |
| Power Finance Corpn. Ltd. | Financial | NCD | 2.7% |
| Bharti Airtel Ltd. | Communication | Equity | 2.7% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 2.6% |
| Infosys Ltd. | Technology | Equity | 2.6% |
DSP Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by DSP Mutual Fund. This scheme was made available to investors on 28 Mar 2016. Kedar Karnik, Vikram Chopra, Mayur Patel is the Current Fund Manager of DSP Equity Savings Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹406 Cr and the Latest NAV as of 23 Oct 2020 is ₹14.21.
The DSP Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500. For units in excess of 10% of the investment,1% will be charged for redemption within 12 months
The Scheme seeks to generate income through investments in fixed income securities and using arbitrage and other derivative Strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity and equity related instruments.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.