DSP ELSS Tax Saver Fund
The scheme seeks 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 avail of deduction from total income, as permitted under the income tax act.
Growthvine rating: 5/5 — ranked #1 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹139.97 (as of 2026-08-21) |
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| AUM | ₹16,562 Cr |
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| Expense ratio | 1.44% |
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| Riskometer | Very High |
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| Fund manager | Rohit Singhania |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 12.87% |
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| Sharpe ratio | 0.56 |
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| Standard deviation | 15.49% |
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| Max drawdown | -65.09% |
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| Alpha | 2.71 |
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| Beta | 0.99 |
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Over 5 years, captured 96.9% of Nifty 500's upside and 90.8% of its downside.
Market cap allocation
| Large cap | 76.9% |
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| Mid cap | 14.6% |
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| Small cap | 8.5% |
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Concentration
| Top 5 holdings | 34.7% |
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| Top 10 holdings | 47.7% |
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| Total holdings | 58 |
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| Index overlap | 42.2% |
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| Active share | 57.8% |
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Top holdings
- ICICI Bank Ltd. — 9.8%
- HDFC Bank Ltd. — 8.8%
- AXIS Bank Ltd. — 7.2%
- State Bank Of India — 5.3%
- Bharti Airtel Ltd. — 3.5%
- Kotak Mahindra Bank Ltd. — 3.4%
- Reliance Industries Ltd — 2.7%
- TREPS / Reverse Repo Investments — 2.6%
- Mahindra & Mahindra Ltd. — 2.6%
- Infosys Ltd — 2.4%
Top sectors
- Banking & Financial — 35.8%
- Automobile — 7.1%
- Pharma & Biotech — 6.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -3.6% | Q4 (Bottom) | #41 of 52 |
| 2025 | 7.5% | Q1 (Top) | #11 of 51 |
| 2024 | 23.9% | Q1 (Top) | #10 of 51 |
| 2023 | 30.0% | Q2 | #22 of 48 |
| 2022 | 4.5% | Q2 | #17 of 43 |