DSP BlackRock Tax Saver Fund Review

DSP BlackRock Tax Saver Fund is one among the few top ELSS funds. The fund gave 13% annualized return since its launch in January 2007. It has a diversified portfolio. The fund follows a fluid investment strategy without any bias to sectors. The fund has 69 stocks in its portfolio. Investors looking for a diversified fund with tax saving benefits then this is the fund for you.

 

Performance

DSP BlackRock Tax Saver Fund is among few of the top funds in the ELSS category. The fund has managed to beat its benchmark in the long-term. In the short-term, the benchmark’s performance was better than the fund.

DSP BlackRock Tax Saver Fund has beaten its category average in the 1, 2, 3, 5 and 10-year by 1-2 percentage points. The fund has performed better than its benchmark in the 5-year return by 3 percentage points. It seeks to perform better than its benchmark and peers on a consistent basis. DSP BlackRock Tax Saver gave 13% annualized return since its launch in January 2007.

Fund1 Year Return (%)3 Year Return (%)5 Year Return (%)
DSP Tax Saver Fund-4.24%15.34%16.98%
IDBI Equity Advantage Fund-6.24%11.06%17.47%
Axis Long Term Equity1.62%14.51%18.49%
Aditya Birla Sun Life Tax Relief 96-2.2%15.68%18.69%
Invesco India Tax Plan-0.72%15.34%17.4%

A SIP investment of Rs 5,000 a month in DSP BlackRock Tax Saver Fund started 5 years ago is worth Rs 3.77 lakhs now.

Fund Information

DSP BlackRock Tax Saver Fund is one of the top 10 funds of the many ELSS funds available in the market. The fund manager, Mr. Rohit Singhania, has been managing this fund since July 2015. The fund has a diversified portfolio. It follows a fluid investment strategy without any bias to sectors. The fund doesn’t have a solid investment strategy. This gives the fund the advantage of adopting the strategy in the market.

DSP BlackRock Tax Saver has a diversified portfolio with 69 stocks. The top five holding sectors constitute 76.76% of the portfolio. These include financials (38.59%), construction (11.4%), technology (10.08%), energy (8.44%), and healthcare (8.25%).

Recommendation

DSP BlackRock Tax Saver Fund is ideal for medium-term to long term goals. Invest in this fund to maximize your returns for a foreseeable future. The fund accepts both lump sum and SIP investments. Investors looking for a diversified option can look at investing this fund. Invest in this fund for an investment horizon of at least 5 years to give the best results. Do not look at the returns for this fund in the short-term. The short-term returns can be manipulative. But its peers like Aditya Birla Sun Life Tax Relief 96 and Axis Long Term Equity are few of the top performers in this ELSS category.

Fund NameDSP Tax Saver Fund Growth
Launch DateJanuary 18 th , 2007
AUMRs 4,692 crore
Return (Returns greater than 1 year are annualized)Since Launch: 13%
1 Year: -4.24%
3 Year: 15.34%
5 Year: 16.98%
Expense Ratio2.25%
Fund Category RiskHigh
Investment PlanGrowth
Minimum Investment Horizon5+ years
Minimum InvestmentRs 5,000
Minimum Additional InvestmentRs 1,000
Exit LoadNo exit load. 3-year lock-in.
Fund ManagerRohit Singhania
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