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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
₹5,413 Cr
up ₹673 Cr vs Feb 2019
- Stocks held
- 66
- down 3 vs Feb 2019
- Top 10 weight
- 42.3%
- of the portfolio in its ten largest
- Cash & debt
- 3.7%
- cash, money market and debt
- Moves this month
- 4 in · 7 out
- added to 10, trimmed 21
DSP ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from DSP Mutual Fund. In March 2019 it disclosed 66 stocks worth ₹5,413 Cr, up ₹673 Cr from Feb 2019. Its largest positions were ICICI Bank Limited (9.1%), HDFC Bank Limited (8.4%), Axis Bank Limited (4.6%); the ten largest together made up 42.3% of the portfolio, and Banks was the biggest sector at 30.9% of its equity. Cash and debt stood at 3.7%. Compared with Feb 2019 the fund entered 4 new stocks and exited 7.
Against 46 other ELSS (tax saving) funds
Concentration
54%
Top-10 weight is higher than 54% of peers
Breadth
72%
Holds more stocks than 72% of peers
Cash
65%
Holds more cash than 65% of peers
What these mean: concentration · cash
Holdings in March 2019
Download CSVEvery line the fund disclosed, with the change against Feb 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 | 9.11% | up 0.21 pts | ₹493 Cr | up ₹71.4 Cr | Added |
| HDFC Bank Limited | 8.35% | up 0.30 pts | ₹452 Cr | up ₹70.3 Cr | Added |
| Axis Bank Limited | 4.56% | up 0.22 pts | ₹247 Cr | up ₹41 Cr | Added |
| State Bank of India | 3.83% | up 0.99 pts | ₹207 Cr | up ₹72.7 Cr | Added |
| Cash, TREPS & receivables | 3.65% | up 2.18 pts | ₹198 Cr | up ₹128 Cr | Added |
| Larsen & Toubro Limited | 3.57% | up 0.23 pts | ₹193 Cr | up ₹34.9 Cr | Added |
| Asian Paints Limited | 2.71% | up 0.10 pts | ₹147 Cr | up ₹23.1 Cr | Added |
| Bharat Financial Inclusion Limited | 2.70% | up 0.75 pts | ₹146 Cr | up ₹53.6 Cr | Added |
| Aurobindo Pharma Limited | 2.53% | up 0.21 pts | ₹137 Cr | up ₹27 Cr | Added |
| Kotak Mahindra Bank Limited | 2.50% | down 0.30 pts | ₹135 Cr | up ₹2.5 Cr | Added |
| Reliance Industries Limited | 2.47% | up 0.32 pts | ₹134 Cr | up ₹31.9 Cr | Added |
| Oil & Natural Gas Corporation Limited | 2.44% | up 1.04 pts | ₹132 Cr | up ₹65.8 Cr | Added |
| Infosys Limited | 2.25% | down 1.63 pts | ₹122 Cr | down ₹62 Cr | Trimmed |
| IPCA Laboratories Limited | 2.02% | down 0.01 pts | ₹109 Cr | up ₹13.1 Cr | Added |
| HCL Technologies Limited | 2.01% | down 0.46 pts | ₹109 Cr | down ₹8.3 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 1.74% | down 0.11 pts | ₹94.3 Cr | up ₹6.6 Cr | Added |
| Grasim Industries Limited | 1.68% | down 0.37 pts | ₹91.1 Cr | down ₹6.1 Cr | Trimmed |
| SBI Life Insurance Company Limited | 1.51% | up 0.67 pts | ₹81.6 Cr | up ₹42 Cr | Added |
| ITC Limited | 1.45% | down 0.24 pts | ₹78.5 Cr | down ₹1.6 Cr | Trimmed |
| NTPC Limited | 1.45% | up 0.15 pts | ₹78.4 Cr | up ₹16.9 Cr | Added |
| Mahindra & Mahindra Limited | 1.26% | up 1.26 pts | ₹68 Cr | up ₹68 Cr | New |
| JB Chemicals & Pharmaceuticals Limited | 1.25% | down 0.03 pts | ₹67.7 Cr | up ₹6.8 Cr | Added |
| Tata Steel Limited | 1.24% | up 0.04 pts | ₹67.4 Cr | up ₹10.3 Cr | Added |
| Tata Consultancy Services Limited | 1.16% | down 0.12 pts | ₹62.8 Cr | up ₹2.3 Cr | Added |
| Coal India Limited | 1.16% | down 0.31 pts | ₹62.7 Cr | down ₹7.1 Cr | Trimmed |
| Aavas Financiers Limited | 1.15% | up 0.01 pts | ₹62.4 Cr | up ₹8.2 Cr | Added |
| Hindustan Petroleum Corporation Limited | 1.14% | down 0.06 pts | ₹61.7 Cr | up ₹4.6 Cr | Added |
| RBL Bank Limited | 1.11% | down 0.26 pts | ₹60.2 Cr | down ₹4.9 Cr | Trimmed |
| DSP Liquidity Fund - Direct - Growth Fund units | 1.11% | up 1.11 pts | ₹60.1 Cr | up ₹60.1 Cr | New |
| ACC Limited | 1.03% | up 0.32 pts | ₹55.9 Cr | up ₹22.2 Cr | Added |
| Shree Cement Limited | 1.03% | down 0.02 pts | ₹55.5 Cr | up ₹6.2 Cr | Added |
| Sheela Foam Limited | 1.00% | up 1.00 pts | ₹54.2 Cr | up ₹54.2 Cr | New |
| Nestle India Limited | 0.97% | down 0.11 pts | ₹52.7 Cr | up ₹1.5 Cr | Added |
| V-Guard Industries Limited | 0.97% | down 0.15 pts | ₹52.6 Cr | down ₹60 L | Trimmed |
| Dabur India Limited | 0.96% | down 0.38 pts | ₹52.2 Cr | down ₹11.4 Cr | Trimmed |
| SKF India Limited | 0.96% | down 0.07 pts | ₹52.2 Cr | up ₹3.1 Cr | Added |
| Maruti Suzuki India Limited | 0.93% | down 0.62 pts | ₹50.3 Cr | down ₹23 Cr | Trimmed |
| VARDHMAN TEXTILES LTD. Vardhman Textiles Limited · history in this fund | 0.91% | up 0.24 pts | ₹49.3 Cr | up ₹17.7 Cr | Added |
| UltraTech Cement Limited | 0.90% | down 0.18 pts | ₹48.7 Cr | down ₹2.7 Cr | Trimmed |
| Sunteck Realty Limited | 0.90% | up 0.18 pts | ₹48.7 Cr | up ₹14.8 Cr | Added |
| Hindustan Unilever Limited | 0.89% | up 0.01 pts | ₹48.2 Cr | up ₹6.3 Cr | Added |
| Atul Limited | 0.87% | down 0.06 pts | ₹46.9 Cr | up ₹2.9 Cr | Added |
| Ambuja Cements Limited | 0.85% | down 0.22 pts | ₹46 Cr | down ₹4.8 Cr | Trimmed |
| Welspun India Limited | 0.83% | up 0.01 pts | ₹44.8 Cr | up ₹6.1 Cr | Added |
| Tech Mahindra Limited | 0.81% | down 0.18 pts | ₹44 Cr | down ₹3.1 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 0.81% | down 0.27 pts | ₹43.9 Cr | down ₹7.5 Cr | Trimmed |
| Strides Pharma Science Limited | 0.81% | down 0.01 pts | ₹43.7 Cr | up ₹4.8 Cr | Added |
| GAIL (India) Limited | 0.80% | down 0.50 pts | ₹43.5 Cr | down ₹18.1 Cr | Trimmed |
| Siemens Limited | 0.80% | up 0.80 pts | ₹43.3 Cr | up ₹43.3 Cr | New |
| KNR Constructions Limited | 0.78% | up 0.10 pts | ₹42.4 Cr | up ₹10 Cr | Added |
What changed, Feb 2019 to Mar 2019
New New positions (4)
- Mahindra & Mahindra Limited1.3% · ₹68 Cr
- Sheela Foam Limited1.0% · ₹54.2 Cr
- Siemens Limited0.8% · ₹43.3 Cr
- Prestige Estates Projects Limited0.5% · ₹26.9 Cr
Exited Exited (7)
- Mahindra & Mahindra Financial Services Limitedwas 0.8% · ₹37.6 Cr
- Gujarat State Petronet Limitedwas 0.6% · ₹29.6 Cr
- Equitas Holdings Limitedwas 0.6% · ₹26.1 Cr
- Voltas Limited
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 Feb 2019, the weight rose most in Banks (+2.2 pts) and Oil (+1.1 pts), and fell most in IT - Software (−2.3 pts) and Finance (−1.6 pts).
- Banks28.7% → 30.9%+2.2 pts
- Oil1.4% → 2.6%+1.1 pts
- Electrical Equipment0.0% → 0.8%new+0.8 pts
- Realty0.7% → 1.5%+0.7 pts
- Automobiles1.6% → 2.3%+0.7 pts
- Construction5.2% → 5.9%+0.7 pts
- IT - Software9.4% → 7.1%−2.3 pts
- Finance6.2% → 4.5%−1.6 pts
- Gas2.0% → 0.8%−1.1 pts
- Cement & Cement Products6.9% → 5.8%−1.0 pts
- Industrial Products2.0% → 1.5%−0.5 pts
- Personal Products1.4% → 1.0%−0.3 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 | Mar 2016 | Mar 2018 | Sep 2018 | Dec 2018 | Feb 2019 | Mar 2019 |
|---|---|---|---|---|---|---|
| Banks | 22.1% | 20.6% | 23.8% | 28.3% | 28.7% | 30.9% |
| Pharmaceuticals & Biotechnology | 10.3% | 4.0% | 6.2% | 6.5% | 7.6% | 7.9% |
| IT - Software | 7.1% | 5.8% | 12.9% | 10.2% | 9.4% | 7.1% |
| Construction | 2.6% | 6.4% | 5.2% | 5.9% | 5.2% | 5.9% |
| Cement & Cement Products | 4.8% | 3.0% | 4.4% | 6.1% | 6.9% | 5.8% |
| Consumer Durables | 2.9% | 4.6% | 4.3% | 4.8% | 5.0% | 5.6% |
| Finance | 4.5% | 11.0% | 10.0% | 10.2% | 6.2% | 4.5% |
| Petroleum Products | 9.5% | 6.7% | 5.9% | 2.9% | 3.4% | 3.8% |
| Insurance | 1.0% | 2.4% | 2.2% | 2.2% | 2.8% | 3.0% |
| Oil | — | — | — | 1.1% | 1.4% | 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, Mar 2019
3.7%
▲ 2.2 pts vs Feb 2019
- Cash alone
- 3.7%
- cash and net receivables
- A year earlier
- 3.6%
- Mar 2018
- 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 |