DSP ELSS Tax Saver Fund
DSP Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI
DSP ELSS is heavily tilted toward banking sector stability, with four major banks commanding nearly a third of the portfolio. The manager's conviction in financial resilience is evident, though the sharp cash surge via TREPS signals defensive positioning amid market uncertainty. Recent pruning of smaller-cap positions and addition of Hyundai Motor India suggests a strategic shift toward quality large-caps while maintaining diversification across pharma and IT—a balanced approach for tax-advantaged long-term wealth building.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹149.1970 | -0.83% | — | — | — | — | — |
| Regular Growth | ₹133.3250 | -0.90% | -7.37% | -7.02% | -2.43% | +16.35% | +14.54% |
| Direct IDCW | ₹89.0000 | -0.83% | — | — | — | — | — |
| Regular IDCW | ₹21.7400 | -0.91% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
59
Top 5 Weight
31.33%
Top 10 Weight
43.64%
Active Share
—
Large Cap
63.39%
Gini
0.424
What Changed2026-03-31 → 2026-04-30
Holdings: 64 → 61+1 added−4 removed22 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Hyundai Motor India Limited | 0.26% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 8.57% |
| 2 | HDFC Bank Limited INE040A01034 | 8.17% |
| 3 | Axis Bank Limited INE238A01034 | 6.61% |
| 4 | TREPS / Reverse Repo Investments | 5.75% |
| 5 | State Bank of India INE062A01020 | 4.53% |
| 6 | Bharti Airtel Limited INE397D01024 | 3.45% |
| 7 | Kotak Mahindra Bank Limited INE237A01036 | 2.66% |
| 8 | Infosys Limited INE009A01021 | 2.58% |
| 9 | Mahindra & Mahindra Limited INE101A01026 | 2.43% |
| 10 | Samvardhana Motherson International Limited INE775A01035 | 2.40% |
| 11 | Tata Consultancy Services Limited INE467B01029 | 2.24% |
| 12 | NTPC Limited INE733E01010 | 1.91% |
| 13 | Max Financial Services Limited INE180A01020 | 1.78% |
| 14 | Cipla Limited INE059A01026 | 1.74% |
| 15 | Indus Towers Limited INE121J01017 | 1.63% |
| 16 | IPCA Laboratories Limited INE571A01038 | 1.62% |
| 17 | Asian Paints Limited INE021A01026 | 1.62% |
| 18 | Hindustan Unilever Limited INE030A01027 | 1.57% |
| 19 | Larsen & Toubro Limited INE018A01030 | 1.54% |
| 20 | Tata Capital Limited INE976I01016 | 1.46% |
Sector Allocation
Banks31.5%
Pharmaceuticals & Biotechnology6.3%
IT - Software6.2%
Finance6.0%
Auto Components5.2%
Telecom - Services5.1%
Insurance3.9%
Diversified FMCG2.9%
Consumer Durables2.8%
Construction2.7%
Top 10 sectors by % to NAV. Excludes derivatives.