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.
The scheme seeks to generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments.
Fund Manager
Rohit Singhania
Amar Kalkundrikar, Dhruv Muchhal
AMC
DSP Mutual Fund
HDFC Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
48.8%
Moderate overlap
common holdings
48.8% of the combined portfolio weight is common between DSP ELSS Tax Saver Fund Direct Plan-Growth and HDFC ELSS Tax Saver Fund Direct Plan-Growth.
17 stocks appear in both portfolios.
The largest shared holding is ICICI Bank Ltd., at 9.96% of DSP ELSS Tax Saver Fund Direct Plan-Growth and 9.64% of HDFC ELSS Tax Saver Fund Direct Plan-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
ICICI Bank Ltd.HDFC Bank Ltd.Axis Bank Ltd.State Bank of IndiaBharti Airtel Ltd.Kotak Mahindra Bank Ltd.Reliance Industries Ltd.SBI Life Insurance Company Ltd.
DSP ELSS Tax Saver Fund Direct Plan-Growth has delivered the higher 3-year CAGR (15.81% vs 15.70%). DSP ELSS Tax Saver Fund Direct Plan-Growth is the cheaper of the two with an expense ratio of 0.92% against 1.18%. DSP ELSS Tax Saver Fund Direct Plan-Growth manages the larger corpus at ₹16.56k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, DSP ELSS Tax Saver Fund Direct Plan-Growth returned 3.65% against 1.11% for HDFC ELSS Tax Saver Fund Direct Plan-Growth; and over 3 years, DSP ELSS Tax Saver Fund Direct Plan-Growth leads with a 15.81% CAGR versus 15.70%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
DSP ELSS Tax Saver Fund Direct Plan-Growth has the lower expense ratio at 0.92%, compared with 1.18% for HDFC ELSS Tax Saver Fund Direct Plan-Growth — a difference of 0.26% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both DSP ELSS Tax Saver Fund Direct Plan-Growth and HDFC ELSS Tax Saver Fund Direct Plan-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 48.8%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Equity: ELSS funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
DSP ELSS Tax Saver Fund Direct Plan-Growth has a NAV of ₹158.12 and an AUM of ₹16.56k Cr, and was launched on 31 Dec 2012. HDFC ELSS Tax Saver Fund Direct Plan-Growth has a NAV of ₹1524.30 and an AUM of ₹15.69k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
