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ELSS (tax saving) · DSP Mutual Fund · AMFI code 104772DSP ELSS Tax Saver Fund
Disclosed for 164 months, Jan 2013 to Sep 2026.
Portfolio value
₹4,373 Cr
down ₹377 Cr vs Aug 2018
- Stocks held
- 71
- up 2 vs Aug 2018
- Top 10 weight
- 40.3%
- of the portfolio in its ten largest
- Cash & debt
- 5.1%
- cash, money market and debt
- Moves this month
- 7 in · 5 out
- added to 10, trimmed 51
DSP ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from DSP Mutual Fund. In September 2018 it disclosed 71 stocks worth ₹4,373 Cr, down ₹377 Cr from Aug 2018. Its largest positions were ICICI Bank Limited (8.0%), HDFC Bank Limited (6.8%), HCL Technologies Limited (4.5%); the ten largest together made up 40.3% of the portfolio, and Banks was the biggest sector at 23.8% of its equity. Cash and debt stood at 5.1%. Compared with Aug 2018 the fund entered 7 new stocks and exited 5.
Against 46 other ELSS (tax saving) funds
Concentration
48%
Top-10 weight is higher than 48% of peers
Breadth
74%
Holds more stocks than 74% of peers
Cash
85%
Holds more cash than 85% of peers
What these mean: concentration · cash
Holdings in September 2018
Download CSVEvery line the fund disclosed, with the change against Aug 2018. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 8.04% | up 0.38 pts | ₹352 Cr | down ₹12.1 Cr | Trimmed |
| HDFC Bank Limited | 6.77% | up 0.98 pts | ₹296 Cr | up ₹21.2 Cr | Added |
| Cash, TREPS & receivables | 5.13% | up 1.11 pts | ₹225 Cr | up ₹33.3 Cr | Added |
| HCL Technologies Limited | 4.49% | up 1.40 pts | ₹196 Cr | up ₹49.7 Cr | Added |
| Infosys Limited | 3.97% | up 0.64 pts | ₹174 Cr | up ₹15.5 Cr | Added |
| State Bank of India | 3.89% | down 0.96 pts | ₹170 Cr | down ₹60.3 Cr | Trimmed |
| Tech Mahindra Limited | 3.15% | up 1.17 pts | ₹138 Cr | up ₹43.7 Cr | Added |
| Larsen & Toubro Limited | 2.99% | down 0.23 pts | ₹131 Cr | down ₹22.2 Cr | Trimmed |
| Tata Steel Limited | 2.46% | up 0.13 pts | ₹108 Cr | down ₹3.2 Cr | Trimmed |
| Reliance Industries Limited | 2.44% | up 0.22 pts | ₹107 Cr | up ₹1.4 Cr | Added |
| Hindustan Petroleum Corporation Limited | 2.12% | up 0.49 pts | ₹92.6 Cr | up ₹15.1 Cr | Added |
| Bharat Financial Inclusion Limited | 1.96% | up 0.23 pts | ₹85.9 Cr | up ₹3.6 Cr | Added |
| Bajaj Finance Limited | 1.68% | down 0.20 pts | ₹73.3 Cr | down ₹15.7 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.64% | up 0.07 pts | ₹71.5 Cr | down ₹2.7 Cr | Trimmed |
| Grasim Industries Limited | 1.63% | up 0.13 pts | ₹71.2 Cr | down ₹7 L | Held |
| GAIL (India) Limited | 1.62% | up 0.58 pts | ₹71 Cr | up ₹21.4 Cr | Added |
| Shree Cement Limited | 1.59% | down 0.11 pts | ₹69.5 Cr | down ₹11.3 Cr | Trimmed |
| Vedanta Limited | 1.40% | down 0.08 pts | ₹61.2 Cr | down ₹8.8 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 1.39% | up 1.39 pts | ₹60.8 Cr | up ₹60.8 Cr | New |
| IPCA Laboratories Limited | 1.39% | down 0.20 pts | ₹60.7 Cr | down ₹14.6 Cr | Trimmed |
| Axis Bank Limited | 1.38% | up 1.38 pts | ₹60.1 Cr | up ₹60.1 Cr | New |
| Dr. Reddy's Laboratories Limited | 1.35% | up 0.15 pts | ₹58.9 Cr | up ₹1.9 Cr | Added |
| Bajaj Finserv Limited | 1.34% | up 0.15 pts | ₹58.8 Cr | up ₹2.2 Cr | Added |
| Maruti Suzuki India Limited | 1.29% | down 0.78 pts | ₹56.4 Cr | down ₹41.7 Cr | Trimmed |
| CESC Limited | 1.19% | up 0.03 pts | ₹52.2 Cr | down ₹2.9 Cr | Trimmed |
| Apollo Tyres Limited | 1.17% | down <0.01 pts | ₹51.3 Cr | down ₹4.6 Cr | Trimmed |
| Mahindra & Mahindra Limited | 1.17% | down 0.35 pts | ₹51 Cr | down ₹20.9 Cr | Trimmed |
| Mahindra & Mahindra Financial Services Limited | 1.15% | down 0.12 pts | ₹50.4 Cr | down ₹9.9 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 1.08% | down 0.18 pts | ₹47 Cr | down ₹12.6 Cr | Trimmed |
| Dabur India Limited | 1.07% | up 0.02 pts | ₹47 Cr | down ₹3.1 Cr | Trimmed |
| Havells India Limited | 1.06% | down 0.11 pts | ₹46.2 Cr | down ₹9.3 Cr | Trimmed |
| Asian Paints Limited | 1.01% | up 0.13 pts | ₹44.3 Cr | up ₹2.1 Cr | Added |
| Welspun India Limited | 1.00% | down 0.18 pts | ₹43.9 Cr | down ₹12.5 Cr | Trimmed |
| Housing Development Finance Corporation Limited | 0.96% | down 0.81 pts | ₹42 Cr | down ₹42 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 0.95% | down 0.03 pts | ₹41.7 Cr | down ₹5.2 Cr | Trimmed |
| UltraTech Cement Limited | 0.95% | down 0.10 pts | ₹41.4 Cr | down ₹8.2 Cr | Trimmed |
| Atul Limited | 0.95% | up 0.06 pts | ₹41.4 Cr | down ₹87 L | Trimmed |
| Samvardhana Motherson International Limited | 0.94% | down 0.30 pts | ₹41.1 Cr | down ₹17.9 Cr | Trimmed |
| Strides Pharma Science Limited | 0.92% | down 0.05 pts | ₹40.3 Cr | down ₹5.7 Cr | Trimmed |
| Dalmia Bharat Limited | 0.88% | down 0.04 pts | ₹38.5 Cr | down ₹5 Cr | Trimmed |
| Sunteck Realty Limited | 0.87% | down 0.15 pts | ₹38.1 Cr | down ₹10.2 Cr | Trimmed |
| RBL Bank Limited | 0.85% | down 0.31 pts | ₹37.3 Cr | down ₹17.9 Cr | Trimmed |
| JB Chemicals & Pharmaceuticals Limited | 0.84% | down 0.06 pts | ₹36.9 Cr | down ₹6.1 Cr | Trimmed |
| Aurobindo Pharma Limited | 0.83% | up 0.83 pts | ₹36.2 Cr | up ₹36.2 Cr | New |
| Gujarat State Petronet Limited | 0.82% | down 0.12 pts | ₹35.8 Cr | down ₹8.6 Cr | Trimmed |
| DILIP BUILDCON LTD Dilip Buildcon Limited · history in this fund | 0.79% | down 0.14 pts | ₹34.8 Cr | down ₹9.8 Cr | Trimmed |
| Edelweiss Financial Services Limited | 0.78% | down 0.28 pts | ₹34.3 Cr | down ₹16.4 Cr | Trimmed |
| V-Guard Industries Limited | 0.77% | down 0.07 pts | ₹33.5 Cr | down ₹6.1 Cr | Trimmed |
| Finolex Cables Limited | 0.73% | up 0.04 pts | ₹32.1 Cr | down ₹1 Cr | Trimmed |
| Bharat Electronics Limited | 0.71% | down 0.21 pts | ₹30.9 Cr | down ₹12.8 Cr | Trimmed |
What changed, Aug 2018 to Sep 2018
New New positions (7)
- Sun Pharmaceutical Industries Limited1.4% · ₹60.8 Cr
- Axis Bank Limited1.4% · ₹60.1 Cr
- Aurobindo Pharma Limited0.8% · ₹36.2 Cr
- Hexaware Technologies Limited0.7% · ₹29.1 Cr
- Hindalco Industries Limited0.6% · ₹25.8 Cr
- Aavas Financiers Limited0.4% · ₹19.6 Cr
- Cyient Limited0.3% · ₹12.7 Cr
Exited Exited (5)
- Yes Bank Limitedwas 2.7% · ₹126 Cr
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2018, the weight rose most in IT - Software (+4.2 pts) and Pharmaceuticals & Biotechnology (+2.2 pts), and fell most in Diversified FMCG (−2.4 pts) and Finance (−1.8 pts).
- IT - Software8.7% → 12.9%+4.2 pts
- Pharmaceuticals & Biotechnology4.0% → 6.2%+2.2 pts
- Non - Ferrous Metals0.0% → 0.6%new+0.6 pts
- Petroleum Products5.3% → 5.9%+0.6 pts
- Gas2.1% → 2.6%+0.5 pts
- IT - Services0.0% → 0.3%new+0.3 pts
- Diversified FMCG2.4% → 0.0%exited−2.4 pts
- Finance11.8% → 10.0%−1.8 pts
- Automobiles3.7% → 2.6%−1.1 pts
- Banks24.7% → 23.8%−0.9 pts
- Insurance2.7% → 2.2%−0.5 pts
- Auto Components3.2% → 2.8%−0.5 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Sep 2015 | Sep 2017 | Mar 2018 | Jun 2018 | Aug 2018 | Sep 2018 |
|---|---|---|---|---|---|---|
| Banks | 25.1% | 25.1% | 20.6% | 23.1% | 24.7% | 23.8% |
| IT - Software | 12.0% | 2.6% | 5.8% | 7.0% | 8.7% | 12.9% |
| Finance | 3.1% | 10.9% | 11.0% | 12.3% | 11.8% | 10.0% |
| Pharmaceuticals & Biotechnology | 8.9% | 2.8% | 4.0% | 5.7% | 4.0% | 6.2% |
| Petroleum Products | 10.2% | 6.3% | 6.7% | 5.9% | 5.3% | 5.9% |
| Construction | 4.3% | 4.3% | 6.4% | 4.8% | 5.6% | 5.2% |
| Cement & Cement Products | 3.1% | 1.8% | 3.0% | 2.8% | 4.4% | 4.4% |
| Consumer Durables | 1.7% | 4.8% | 4.6% | 4.2% | 4.5% | 4.3% |
| Ferrous Metals | — | 4.7% | 4.2% | 3.7% | 2.9% | 3.0% |
| Auto Components | 0.9% | 3.7% | 4.2% | 4.2% | 3.2% | 2.8% |
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Sep 2018
5.1%
▲ 1.1 pts vs Aug 2018
- Cash alone
- 5.1%
- cash and net receivables
- A year earlier
- 4.9%
- Sep 2017 · now ▲ 0.2 pts
- Last 12 months
- 1.8% – 5.1%
- lowest to highest · record 6.3% in Mar 2017
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.
The last 24 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Sep 2026 | ₹15,569 Cr | 58 |