DSP Tax Saver Fund * Return since Launch: 13.06% Invest Now

DSP Tax Saver Fund Overview

DSP Tax Saver Fund is an open-ended Equity Linked Savings Scheme. The risk of this fund is moderately high. DSP Tax Saver Fund was launched on 18th January 2007. This fund is managed by Mr. Rohit Singhania. The benchmark of this fund is NIFTY 500 TRI. The exit load is zero for DSP Tax Saver Fund. The AUM of DSP Tax Saver Fund is Rs.5,487cr. (as on 30th April 2019). Fund has 97.12% investment in Indian stocks of which 74.22% is in large cap stocks, 11.19% is in mid cap stocks, 11.71% in small cap stocks. Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

Eligibility criteria of DSP Tax Saver Fund

• Adult citizens residing in India.
• Minor through legal guardians/parents.
• Limited liability partnership.
• Religious and charitable trusts.
• Banking and financial institutions
• Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
• The Karta of Hindu Undivided Family (HUF)
• Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
• Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
• Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
• Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.

Documents required for DSP Tax Saver Fund

KYC Documents:

• PAN Card
• Adhaar Card
• Voter’s ID
• Passport Size Photo
• Download the KYC form
• The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.

Advantages of DSP Tax Saver Fund

• Mutual Funds are managed professionals.
• Well organized investment.
• Quick purchase and sell option.
• You can track your investment easily.
• Mutual Funds are managed professionals.
• All Mutual Fund Companies are regulated by SEBI so no one will fly away with your hard earned money.
• The return of mutual fund is higher than any other financial instrument.
• This is an ELSS Fund so you will get the tax benefit under 80C up to Rs. 1.5lakh.