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DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund Investment Objective An open Ended equity linked savings scheme (ELSS), whose primary investment objective is to seek 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 income tax deductions from total income, as permitted under the Income Tax Act, 1961 from time to time.

Why Invest in ELSS fund?

  • DSP BlackRock Tax Saver Fund (DSPBRTSF) is an ELSS fund (Equity Linked Savings Scheme), i.e., a mutual fund scheme, where tax deduction of up to 1 lakh (per financial year) from total income is available under Section 80C of the Income Tax Act, 1961
  • The three year lock-in period enables participation in the long term growth potential of equity markets

Asset Allocation

Equity and equity related securities: 80% to 100%. Of above, investments in ADRs, GDRs and foreign equity securities: 0% to 20%. Debt, securitised debt* and money market securities: 0% to 20%. * Exposure to securitized debt will not exceed 10% of the net assets of the Scheme.

Top 10 Stocks

As on 30 Apr, 2012
Sr No. Name of Instrument Net Assets (%)
1
ICICI Bank
5.48
2
State Bank of India
5.05
3
Reliance Industries
3.98
4
Kajaria Ceramics
3.20
5
HDFC Bank
3.10
6
Tata Consultancy Services
3.01
7
Infosys
2.83
8
ITC
2.83
9
Power Grid Corporation of India
2.49
10
CRISIL
2.43

Top 10 Sectors

As on 30 Apr, 2012
Sr No. Industry Net Assets (%)
1
Banks
19.66
2
Software
13.40
3
Consumer Non Durables
9.69
4
Pharmaceuticals
7.03
5
Petroleum Products
6.26
6
Finance
6.11
7
Construction
5.18
8
Auto
4.50
9
Power
3.49
10
Consumer Durables
2.72
As on May 21, 2012
NAV Amount
(Reg - Growth) 		Chg %Chg
15.0840 0.0640 0.4261

Fund Manager

As on Apr 30, 2012

Key Scheme Information

Inception 18 January 2007
AUM  741.75 Cr.
Benchmark S&P CNX 500
Plans No Plans
Options
  • Growth
  • Dividend
    • Payout
    • Reinvest
Min. Investment
  • Regular Plan
5,000
  • SIP
500 (min 6 installments)
Min. Additional Purchase 500
Expense Ratio (F.Y. beginning to date) Regular   2.15%
Exit Load Nil
Entry Load Nil

DSP BlackRock Tax Saver Fund Investment Objective An open Ended equity linked savings scheme (ELSS), whose primary investment objective is to seek 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 income tax deductions from total income, as permitted under the Income Tax Act, 1961 from time to time.

DSP BlackRock Tax Saver Fund (4)
Portfolios as on April 30, 2012
Sr. No. Name of Instrument Rating / Industry Market value (Rs. In lakhs) % to Net Assets
  EQUITY & EQUITY RELATED      
  Listed / awaiting listing on the stock exchanges      
1 ICICI Bank Banks 4,031.09 5.48%
2 State Bank of India Banks 3,713.17 5.05%
3 Reliance Industries Petroleum Products 2,926.02 3.98%
4 Kajaria Ceramics Construction 2,354.73 3.20%
5 HDFC Bank Banks 2,282.71 3.10%
6 Tata Consultancy Services Software 2,211.36 3.01%
7 ITC Consumer Non Durables 2,080.81 2.83%
8 Infosys Software 2,079.00 2.83%
9 Power Grid Corporation of India Power 1,830.86 2.49%
10 CRISIL Finance 1,785.74 2.43%
11 Housing Development Finance Corporation Finance 1,720.50 2.34%
12 Dr. Reddy's Laboratories Pharmaceuticals 1,593.64 2.17%
13 Bharti Airtel Telecom - Services 1,560.23 2.12%
14 Karur Vysya Bank Banks 1,444.70 1.96%
15 Tata Motors - A Class Auto 1,434.04 1.95%
16 IndusInd Bank Banks 1,398.62 1.90%
17 Nestle India Consumer Non Durables 1,295.95 1.76%
18 ING Vysya Bank Banks 1,193.92 1.62%
19 Bharat Petroleum Corpn. Petroleum Products 1,172.24 1.59%
20 Oracle Financial Services Software Software 1,129.17 1.54%
21 Jyothy Laboratories Consumer Non Durables 1,118.45 1.52%
22 Sun Pharmaceuticals Industries Pharmaceuticals 1,081.08 1.47%
23 Eicher Motors Auto 1,056.69 1.44%
24 Oil India Oil 1,052.92 1.43%
25 Bajaj Electricals Consumer Durables 1,025.41 1.39%
26 Larsen & Toubro Construction Project 1,008.29 1.37%
27 Hindustan Unilever Consumer Non Durables 989.52 1.35%
28 Hexaware Technologies Software 949.23 1.29%
29 Sterlite Industries ( India ) Non - Ferrous Metals 889.15 1.21%
30 HCL Technologies Software 864.35 1.18%
31 IPCA Laboratories Pharmaceuticals 848.10 1.15%
32 CMC Software 826.39 1.12%
33 Coal India Minerals/Mining 788.59 1.07%
34 Apollo Tyres Auto Ancillaries 770.79 1.05%
35 Procter & Gamble Hygiene and Health Care Consumer Non Durables 751.82 1.02%
36 Hindalco Industries Non - Ferrous Metals 742.02 1.01%
37 Grasim Industries Cement 729.97 0.99%
38 Prestige Estate Project Construction 723.14 0.98%
39 Wipro Software 670.52 0.91%
40 Lupin Pharmaceuticals 652.54 0.89%
41 KPIT Cummins Infosystems Software 645.96 0.88%
42 Tata Global Beverages Consumer Non Durables 625.16 0.85%
43 Oil & Natural Gas Corpn Oil 604.76 0.82%
44 Gateway Distriparks Transportation 596.99 0.81%
45 Pidilite Industries Chemicals 587.44 0.80%
46 Gujarat Mineral Development Corporation Minerals/Mining 557.97 0.76%
47 Cadila Healthcare Pharmaceuticals 524.22 0.71%
48 Bata India Consumer Durables 521.40 0.71%
49 Max India Industrial Products 518.08 0.70%
50 Arvind Textile Products 513.80 0.70%
51 Hindustan Petroleum Corporation Petroleum Products 504.86 0.69%
52 Financial Technologies(India) Software 468.23 0.64%
53 Piramal Glass Consumer Durables 459.60 0.62%
54 Kotak Mahindra Bank Banks 407.96 0.55%
55 Atul Chemicals 396.30 0.54%
56 Tata Power Co. Power 391.41 0.53%
57 Redington (India) Trading 387.86 0.53%
58 Bajaj Auto Auto 383.26 0.52%
59 Jaiprakash Associates Construction 376.95 0.51%
60 Ambuja Cement Cement 371.95 0.51%
61 Cumulative value of securities with holdings less than 0.5% (as a %age to net assets) 5,985.68 8.12%
  Total   72,607.26 98.69%
         
  BONDS & NCDs      
  Listed / awaiting listing on the stock exchanges      
62 Britannia Industries CRISIL AAA 66.61 0.09%
  Total   66.61 0.09%
         
  CBLO / Reverse Repo Investments   574.74 0.78%
  Total   574.74 0.78%
         
  Cash & Cash Equivalents      
  Net Receivable/Payable   312.34 0.44%
  Total   312.34 0.44%
  Grand Total   73,560.95 100.00%

Note

  1. 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.

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