DSP ELSS Tax Saver Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹150.6730 | -1.53% | — | — | — |
| Regular Growth | ₹134.6410 | -1.60% | -2.74% | +16.57% | +14.77% |
| Direct IDCW | ₹89.8810 | -1.53% | — | — | — |
| Regular IDCW | ₹21.9550 | -1.60% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does DSP ELSS Tax Saver Fund hold?
DSP ELSS Tax Saver Fund holds 59 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 31.33% of NAV.
What is the largest holding in DSP ELSS Tax Saver Fund?
The largest position in DSP ELSS Tax Saver Fund is ICICI Bank Limited, accounting for 8.57% of NAV in the Banks sector.
Is DSP ELSS Tax Saver Fund a concentrated or diversified fund?
With a Gini coefficient of 0.424, DSP ELSS Tax Saver Fund is well-diversified. The HHI concentration index is 30,816 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 31.33% of the portfolio.
What is the market cap allocation of DSP ELSS Tax Saver Fund?
Based on SEBI's AMFI classification, DSP ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 63.39%, Mid Cap: 15.93%, Small Cap: 12.18%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does DSP ELSS Tax Saver Fund invest in most?
DSP ELSS Tax Saver Fund has the highest allocation to Banks (31.49%), Pharmaceuticals & Biotechnology (6.33%), IT - Software (6.17%). The fund is invested across 24 sectors in total.
How actively managed is DSP ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?
DSP ELSS Tax Saver Fund has an Active Share of 57.25%, classifying it as "Active Stock Picker" among 37 ELSS - Tax Saver Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in DSP ELSS Tax Saver Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, DSP ELSS Tax Saver Fund added 1 new stock (including Hyundai Motor India Limited) and exited 4 stocks (including Vardhman Textiles Limited). Total holding count decreased from 64 to 61 stocks.