DSP Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by DSP BlackRock Mutual Fund. This scheme was introduced to investors on 28 Mar 2016. Kedar Karnik, Vikram Chopra, Mayur Patel is the Current Fund Manager of DSP Equity Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹832 Cr and the Latest NAV as of 24 Jan 2020 is ₹14.06.
The DSP Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 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 investment objective of the Scheme is 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 Schemeâ??s assets in equity and equity related instruments. However, there can be no assurance that the investment objective of the scheme will be realized.
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.
Scheme Information Document(SID)
₹500
Min for First Investment
₹500
Min for Second Investment
For units in excess of 10% of the investment,1% will be charged for redemption within 12 months
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