Fund Details
DSP Equity Savings Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.86% |
| NAV | ₹15.48 (20 Jan 2021) |
|---|---|
| Fund Started | 28 Mar 2016 |
| Fund Size | ₹386 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 7.1% |
| Reliance Industries Ltd. | Energy | NCD | 6.9% |
| India Grid Trust | Engineering | Equity | 6.6% |
| ICICI Bank Ltd. | Financial | Equity | 5.7% |
| HDFC Bank Ltd. | Financial | Equity | 4.0% |
| Bharti Airtel Ltd. | Communication | Equity | 3.0% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 2.9% |
| Infosys Ltd. | Technology | Equity | 2.9% |
| Jindal Steel & Power Ltd. | Metals | Equity | 2.9% |
| Power Finance Corpn. Ltd. | Financial | NCD | 2.9% |
Fund Managers
DSP Equity Savings Fund Direct Growth Details
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 ₹386 Cr and the Latest NAV as of 20 Jan 2021 is ₹15.48.
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
Investment Objective
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.
Tax Implications
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.
