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DSP Blackrock Tax Saver Fund

This is an equity linked saving scheme mutual fund offered by DSP Mutual Fund house which is among the biggest asset management companies in India. DSP Blackrock serves as manager on this tax saver mutual fund scheme. DSP Blackrock is perfect in the portfolio of investors who are looking at better returns from their investments, together with tax benefits. This fund has consistently outperformed industry standards and gives potential investors the highly required confidence regarding mutual fund investments.

Investment Objective of DSP Blackrock Tax Saver Fund

This scheme is designed to generate medium and long-term capital gains out of a largely diversified portfolio comprising of equity and other related securities of various corporates, with the aim of delivering deduction on the total income, as required under the income tax act.

Features of DSP Blackrock Tax Saver Fund

  • Fund Type:

An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

  • Inception:

DSPBR Tax Saver was initiated on 18 January 2007.

  • Entry Load:

Securities Exchange Board of India (SEBI) has decided that mutual funds will have no entry load.

  • Exit Load:

There are no exit loads on this scheme since the lock-in period is of 3 years.

  • Fund Manager:

Anup Maheshwari managed this fund from January 2007 to June 2012. After this Apoorva Shah managed the fund July 2012 - June 2015. As of now, Mr. Rohit Singhania is the current fund manager. He joined the fund house as analyst in 2005 and moved on to equity division in 2009.

Fund Information

Mutual FundDSP BlackRock Mutual Fund
SponsorDSP HMK Holdings Pvt. Ltd & DSP Adiko Holdings Pvt. Ltd & BlackRock Inc.
TrusteeDSP BlackRock Trustee Company Pvt. Limited.
Compliance OfficerMr. Pritesh Majmudar
Assets ManagedINR 4,373.17 crore (Sep-30-2018)

Fund Manager with Investment Strategy

Some of the investment strategies amongst Fund Managers are:

  • Top-down investing

  • Bottom-up investing

  • Fundamental analysis

  • Technical analysis

  • Contrarian investing

  • Dividend investing

Top 10 holdings of DSP Blackrock Tax Saver fund

HoldingsWeightage in %
HDFC Bank Limited5.69
HDFC Bank Limited4.34
CBLO/Reverse Repo Investments4.34
Yes Bank Limited4.34
Tata Steel Limited3.84
ITC Limited3.46
Housing Development Finance Corporation Limited3.38
Vedanta Limited3.36
State Bank of India3.17
Hindustan Petroleum Corporation Limited2.83

FAQs on DSP Blackrock Tax Saver Fund

How is DSP Blackrock Tax Saver Fund?

DSP Blackrock is a great open-ended equity linked saving scheme option. This fund has frequently outperformed the industry standards that gives the investor a much-required heads up for mutual fund investment.

What is DSP Blackrock?

This is a saving option scheme born as collaboration between the 150 financial firm, DSP Group and the largest investment management firm, BlackRock.

With over two decades of excellence in investment, DSP Blackrock is among the finest asset management bodies in India.

How do I redeem my Blackrock DSP fund?

  • Go to the DSP BlackRock online portal.

  • Log in into the account.

  • Choose Instant Redemption and input the amount.

  • In case you are redeeming without logging in, you will receive OTP on email and mobile no.

  • Confirm using the OTP

What is Tax Saver Fund?

These are equity linked savings scheme. It allows you to plan your taxation as an inherent part of the required financial planning. It should be noted that Sec 80C of the Income Tax Act gives you permission to take deductions from the taxable income by the way of investment in certain avenues.

What are ELSS funds?

Equity-linked savings scheme are a tax-saving instrument that functions under section 80C of the Income Tax Act.

What is base TER?

The Total Expense Ratio (TER) is a measure of the total costs associated with managing and operating investment funds. Here the costs largely comprise of management fees and other expenses. These are:

  • Trading fees.

  • Legal fees.

  • Auditor fees and other related operational expenses.

The full cost of the fund is shared by the total assets of the fund to derive a percentage amount, that symbolises TER.

What is Return on Investment XIRR?

XIRR is a Microsoft excel function used to derive internal return rate or annualized output for cash flow schedules that happen at irregular intervals. In a special investment plan, one makes regular investments over long duration and gets back the maturity amount when there is an exit.

Discuss average ROR on mutual funds.

Average Mutual Fund Rate of Return. Investors gathered an average of 4.67% on mutual funds over the last 2 decades.

What is NPV IRR and MIRR?

This is the present value of a series of future payments and receipts and a method of measuring the time value of money. In other words, present money in hand is worth a lot more than money in hand tomorrow. Future money is largely discounted by the specified interest rate. The Internal Rate of Return is utilised to measure the value of an investment. This is the interest rate where NPV equals zero for the cash flow series. One requires minimum one negative payment and one positive receipt to derive IRR.

What is absolute return in mutual fund?

The Absolute return is the return achieved by assets over a time duration. A measurement that observes appreciation or depreciation. This is expressed in percentage form gathered by an asset over a time duration.

What is the difference between absolute return and Annualised return?

If the absolute return on an investment is 24%. The annualised return will stand at 8 %. This is 24 % divided by 3. Here relative return is the variable between absolute return on an investment compared to the return on the benchmark.

What does total return mean?

Total return is derived when we get the actual rate of return of investments over a pre-decided evaluation period. This includes interest, capital gains, dividends and distributions gathered over a duration of time.

What is Total Return fund?

The total return fund is one aimed at maximising gains from various investments, such as bonds and dividend paying stocks. At the same time aiming to invest in assets that witness capital appreciation.

What is a real return?

This is the annual percentage return gathered on an investment. This is adjusted for price fluctuations happening due to inflation or such external factors. The method shows nominal rate of return that keeps purchasing power constant over a duration of time.

What is the income return?

The Income Tax Return is where taxpayers display details of income, claims applicable deductions, exemptions, payable taxes etc. Besides, detailed information of taxes paid are also displayed in the return. All extra tax paid for the year is claimed as a refund on the return of income.