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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
₹4,740 Cr
up ₹48.3 Cr vs Jan 2019
- Stocks held
- 69
- unchanged
- Top 10 weight
- 41.6%
- of the portfolio in its ten largest
- Cash & debt
- 1.5%
- cash, money market and debt
- Moves this month
- 4 in · 4 out
- added to 10, trimmed 26
DSP ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from DSP Mutual Fund. In February 2019 it disclosed 69 stocks worth ₹4,740 Cr, up ₹48.3 Cr from Jan 2019. Its largest positions were ICICI Bank Limited (8.9%), HDFC Bank Limited (8.1%), Axis Bank Limited (4.3%); the ten largest together made up 41.6% of the portfolio, and Banks was the biggest sector at 28.7% of its equity. Cash and debt stood at 1.5%. Compared with Jan 2019 the fund entered 4 new stocks and exited 4.
Against 46 other ELSS (tax saving) funds
Concentration
54%
Top-10 weight is higher than 54% of peers
Breadth
74%
Holds more stocks than 74% of peers
Cash
17%
Holds more cash than 17% of peers
What these mean: concentration · cash
Holdings in February 2019
Download CSVEvery line the fund disclosed, with the change against Jan 2019. 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 | 8.90% | up 0.41 pts | ₹422 Cr | up ₹23.6 Cr | Added |
| HDFC Bank Limited | 8.06% | down 0.09 pts | ₹382 Cr | down ₹44 L | Held |
| Axis Bank Limited | 4.34% | up 0.52 pts | ₹206 Cr | up ₹26.3 Cr | Added |
| Infosys Limited | 3.88% | down 0.07 pts | ₹184 Cr | down ₹1.4 Cr | Trimmed |
| Larsen & Toubro Limited | 3.34% | up 0.18 pts | ₹159 Cr | up ₹9.9 Cr | Added |
| State Bank of India | 2.84% | down 0.39 pts | ₹135 Cr | down ₹16.8 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 2.80% | up 0.43 pts | ₹133 Cr | up ₹21.5 Cr | Added |
| Asian Paints Limited | 2.60% | up 0.31 pts | ₹123 Cr | up ₹15.8 Cr | Added |
| HCL Technologies Limited | 2.47% | up 0.56 pts | ₹117 Cr | up ₹27.7 Cr | Added |
| Aurobindo Pharma Limited | 2.32% | down 0.17 pts | ₹110 Cr | down ₹6.7 Cr | Trimmed |
| Reliance Industries Limited | 2.15% | up 0.11 pts | ₹102 Cr | up ₹6.1 Cr | Added |
| Grasim Industries Limited | 2.05% | up 0.13 pts | ₹97.2 Cr | up ₹7 Cr | Added |
| IPCA Laboratories Limited | 2.03% | up 0.29 pts | ₹96.1 Cr | up ₹14.6 Cr | Added |
| Bharat Financial Inclusion Limited | 1.95% | up 0.27 pts | ₹92.7 Cr | up ₹13.4 Cr | Added |
| Sun Pharmaceutical Industries Limited | 1.85% | up 0.07 pts | ₹87.6 Cr | up ₹4.3 Cr | Added |
| ITC Limited | 1.69% | down 0.03 pts | ₹80 Cr | down ₹75 L | Trimmed |
| LIC Housing Finance Limited | 1.62% | up 0.08 pts | ₹76.8 Cr | up ₹4.3 Cr | Added |
| Maruti Suzuki India Limited | 1.55% | down 0.23 pts | ₹73.3 Cr | down ₹10.2 Cr | Trimmed |
| Coal India Limited | 1.47% | up 0.61 pts | ₹69.8 Cr | up ₹29.5 Cr | Added |
| Cash, TREPS & receivables | 1.47% | down 2.16 pts | ₹69.7 Cr | down ₹101 Cr | Trimmed |
| Oil & Natural Gas Corporation Limited | 1.40% | up 0.34 pts | ₹66.3 Cr | up ₹16.5 Cr | Added |
| RBL Bank Limited | 1.37% | up 0.27 pts | ₹65.1 Cr | up ₹13.5 Cr | Added |
| Dabur India Limited | 1.34% | down 0.03 pts | ₹63.6 Cr | down ₹81 L | Trimmed |
| GAIL (India) Limited | 1.30% | up 0.34 pts | ₹61.5 Cr | up ₹16.4 Cr | Added |
| NTPC Limited | 1.30% | up 0.56 pts | ₹61.5 Cr | up ₹27 Cr | Added |
| JB Chemicals & Pharmaceuticals Limited | 1.28% | up 0.03 pts | ₹60.9 Cr | up ₹2 Cr | Added |
| Tata Consultancy Services Limited | 1.28% | up 1.28 pts | ₹60.5 Cr | up ₹60.5 Cr | New |
| Hindustan Petroleum Corporation Limited | 1.20% | up 0.02 pts | ₹57.1 Cr | up ₹1.4 Cr | Added |
| Tata Steel Limited | 1.20% | up 1.20 pts | ₹57 Cr | up ₹57 Cr | New |
| Aavas Financiers Limited | 1.14% | up 0.16 pts | ₹54.2 Cr | up ₹8.1 Cr | Added |
| V-Guard Industries Limited | 1.12% | up 0.06 pts | ₹53.2 Cr | up ₹3.4 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 1.09% | down 0.14 pts | ₹51.5 Cr | down ₹6 Cr | Trimmed |
| UltraTech Cement Limited | 1.08% | up 0.08 pts | ₹51.4 Cr | up ₹4.1 Cr | Added |
| Nestle India Limited | 1.08% | up 0.32 pts | ₹51.1 Cr | up ₹15.5 Cr | Added |
| Ambuja Cements Limited | 1.07% | down <0.01 pts | ₹50.8 Cr | up ₹52 L | Added |
| Shree Cement Limited | 1.04% | down 0.10 pts | ₹49.3 Cr | down ₹4.1 Cr | Trimmed |
| SKF India Limited | 1.04% | down 0.02 pts | ₹49.1 Cr | down ₹53 L | Trimmed |
| Apollo Tyres Limited | 1.02% | down 0.03 pts | ₹48.5 Cr | down ₹89 L | Trimmed |
| Tech Mahindra Limited | 0.99% | down 1.71 pts | ₹47.1 Cr | down ₹79.5 Cr | Trimmed |
| Atul Limited | 0.93% | down 0.04 pts | ₹44 Cr | down ₹1.3 Cr | Trimmed |
| Hindustan Unilever Limited | 0.88% | up 0.88 pts | ₹41.9 Cr | up ₹41.9 Cr | New |
| ICICI Prudential Life Insurance Company Limited | 0.84% | up 0.08 pts | ₹39.9 Cr | up ₹4.2 Cr | Added |
| SBI Life Insurance Company Limited | 0.83% | up 0.36 pts | ₹39.5 Cr | up ₹17.2 Cr | Added |
| Strides Pharma Science Limited | 0.82% | down 0.09 pts | ₹39 Cr | down ₹3.7 Cr | Trimmed |
| Welspun India Limited | 0.82% | down 0.15 pts | ₹38.7 Cr | down ₹6.5 Cr | Trimmed |
| Dalmia Bharat Limited | 0.81% | up 0.08 pts | ₹38.2 Cr | up ₹4 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 0.79% | up 0.02 pts | ₹37.6 Cr | up ₹1.1 Cr | Added |
| Marico Limited | 0.78% | down 0.38 pts | ₹37.2 Cr | down ₹17.2 Cr | Trimmed |
| Sunteck Realty Limited | 0.71% | down <0.01 pts | ₹33.9 Cr | up ₹23 L | Added |
| ACC Limited | 0.71% | up 0.71 pts | ₹33.7 Cr | up ₹33.7 Cr | New |
What changed, Jan 2019 to Feb 2019
New New positions (4)
- Tata Consultancy Services Limited1.3% · ₹60.5 Cr
- Tata Steel Limited1.2% · ₹57 Cr
- Hindustan Unilever Limited0.9% · ₹41.9 Cr
- ACC Limited0.7% · ₹33.7 Cr
Exited Exited (4)
- L&T Finance Limitedwas 1.1% · ₹49.8 Cr
- Bajaj Finserv Limitedwas 1.0% · ₹46 Cr
- Bajaj Finance Limitedwas 0.9% · ₹44 Cr
- IndusInd Bank Limitedwas 0.4% · ₹18.2 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 Jan 2019, the weight rose most in Ferrous Metals (+1.2 pts) and Diversified FMCG (+0.8 pts), and fell most in Finance (−2.7 pts) and Diversified Metals (−0.8 pts).
- Ferrous Metals0.3% → 1.5%+1.2 pts
- Diversified FMCG1.8% → 2.6%+0.8 pts
- Cement & Cement Products6.1% → 6.9%+0.8 pts
- Consumable Fuels0.9% → 1.5%+0.6 pts
- Power1.5% → 1.9%+0.3 pts
- Oil1.1% → 1.4%+0.3 pts
- Finance8.9% → 6.2%−2.7 pts
- Diversified Metals1.4% → 0.6%−0.8 pts
- Agricultural Food & Other Products1.5% → 1.0%−0.5 pts
- IT - Software9.8% → 9.4%−0.4 pts
- Automobiles1.8% → 1.6%−0.3 pts
- Textiles & Apparels1.0% → 0.8%−0.2 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 | Feb 2016 | Feb 2018 | Aug 2018 | Nov 2018 | Jan 2019 | Feb 2019 |
|---|---|---|---|---|---|---|
| Banks | 17.9% | 21.0% | 24.7% | 26.4% | 28.6% | 28.7% |
| IT - Software | 7.1% | 4.0% | 8.7% | 10.8% | 9.8% | 9.4% |
| Pharmaceuticals & Biotechnology | 11.5% | 2.7% | 4.0% | 7.4% | 7.6% | 7.6% |
| Cement & Cement Products | 4.1% | 3.1% | 4.4% | 6.2% | 6.1% | 6.9% |
| Finance | 4.5% | 9.9% | 11.8% | 11.4% | 8.9% | 6.2% |
| Construction | 3.0% | 6.0% | 5.6% | 5.5% | 5.0% | 5.2% |
| Consumer Durables | 2.6% | 4.6% | 4.5% | 4.7% | 4.9% | 5.0% |
| Petroleum Products | 10.1% | 7.0% | 5.3% | 4.6% | 3.4% | 3.4% |
| Insurance | 1.1% | 3.5% | 2.7% | 2.2% | 2.6% | 2.8% |
| Diversified FMCG | — | 2.2% | 2.4% | — | 1.8% | 2.6% |
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, Feb 2019
1.5%
▼ 2.2 pts vs Jan 2019
- Cash alone
- 1.5%
- cash and net receivables
- A year earlier
- 1.8%
- Feb 2018 · now ▼ 0.3 pts
- Last 12 months
- 1.5% – 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 |