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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
₹7,425 Cr
up ₹410 Cr vs Nov 2020
- Stocks held
- 58
- down 2 vs Nov 2020
- Top 10 weight
- 47.4%
- of the portfolio in its ten largest
- Cash & debt
- 1.1%
- cash, money market and debt
- Moves this month
- 3 in · 5 out
- added to 10, trimmed 11
DSP ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from DSP Mutual Fund. In December 2020 it disclosed 58 stocks worth ₹7,425 Cr, up ₹410 Cr from Nov 2020. Its largest positions were ICICI Bank Limited (8.7%), Infosys Limited (8.1%), HDFC Bank Limited (7.7%); the ten largest together made up 47.4% of the portfolio, and Banks was the biggest sector at 23.6% of its equity. Cash and debt stood at 1.1%. Compared with Nov 2020 the fund entered 3 new stocks and exited 5.
Against 46 other ELSS (tax saving) funds
Concentration
80%
Top-10 weight is higher than 80% of peers
Breadth
63%
Holds more stocks than 63% of peers
Cash
9%
Holds more cash than 9% of peers
What these mean: concentration · cash
Holdings in December 2020
Download CSVEvery line the fund disclosed, with the change against Nov 2020. 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 | 8.73% | up 0.16 pts | ₹648 Cr | up ₹47.2 Cr | Added |
| Infosys Limited | 8.07% | up 0.78 pts | ₹599 Cr | up ₹88 Cr | Added |
| HDFC Bank Limited | 7.67% | down 1.58 pts | ₹569 Cr | down ₹79.1 Cr | Trimmed |
| Bharti Airtel Limited | 5.69% | up 0.22 pts | ₹423 Cr | up ₹38.5 Cr | Added |
| State Bank of India | 3.88% | up 0.03 pts | ₹288 Cr | up ₹18.2 Cr | Added |
| Axis Bank Limited | 3.07% | up 0.18 pts | ₹228 Cr | up ₹25 Cr | Added |
| Hindustan Unilever Limited | 3.02% | up 0.67 pts | ₹224 Cr | up ₹59.3 Cr | Added |
| Dr. Reddy's Laboratories Limited | 2.61% | up 0.05 pts | ₹194 Cr | up ₹14 Cr | Added |
| Housing Development Finance Corporation Limited | 2.43% | up 0.16 pts | ₹180 Cr | up ₹21.3 Cr | Added |
| UltraTech Cement Limited | 2.26% | up 0.09 pts | ₹168 Cr | up ₹15.4 Cr | Added |
| Tata Steel Limited | 2.01% | up 2.01 pts | ₹149 Cr | up ₹149 Cr | New |
| ACC Limited | 1.92% | down 0.22 pts | ₹143 Cr | down ₹7.7 Cr | Trimmed |
| Manappuram Finance Limited | 1.87% | down 0.28 pts | ₹139 Cr | down ₹12 Cr | Trimmed |
| Crompton Greaves Consumer Electricals Limited | 1.85% | up 0.28 pts | ₹137 Cr | up ₹27.1 Cr | Added |
| NTPC Limited | 1.76% | down 0.05 pts | ₹131 Cr | up ₹3.9 Cr | Added |
| Hindalco Industries Limited | 1.76% | down 0.09 pts | ₹131 Cr | up ₹88 L | Added |
| Atul Limited | 1.73% | down 0.07 pts | ₹128 Cr | up ₹2.4 Cr | Added |
| Cipla Limited | 1.64% | up 0.06 pts | ₹122 Cr | up ₹11.1 Cr | Added |
| Sun Pharmaceutical Industries Limited | 1.50% | up 0.13 pts | ₹111 Cr | up ₹15.2 Cr | Added |
| Bharat Petroleum Corporation Limited | 1.49% | down 0.05 pts | ₹110 Cr | up ₹2.3 Cr | Added |
| Emami Limited | 1.29% | down 0.20 pts | ₹95.6 Cr | down ₹8.5 Cr | Trimmed |
| MphasiS Limited | 1.27% | up 0.12 pts | ₹94.4 Cr | up ₹13.7 Cr | Added |
| Sheela Foam Limited | 1.27% | up 0.09 pts | ₹94 Cr | up ₹11.2 Cr | Added |
| Bharat Electronics Limited | 1.22% | up 0.02 pts | ₹90.9 Cr | up ₹6.7 Cr | Added |
| Hindustan Petroleum Corporation Limited | 1.22% | down 0.78 pts | ₹90.8 Cr | down ₹49.9 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 1.22% | down 0.07 pts | ₹90.6 Cr | down ₹25 L | Held |
| IPCA Laboratories Limited | 1.17% | down 0.06 pts | ₹86.9 Cr | up ₹88 L | Added |
| HDFC Life Insurance Company Limited | 1.11% | down 0.01 pts | ₹82.3 Cr | up ₹3.6 Cr | Added |
| Larsen & Toubro Limited | 1.10% | up 0.09 pts | ₹81.9 Cr | up ₹10.5 Cr | Added |
| SBI Life Insurance Company Limited | 1.08% | up 0.11 pts | ₹80.5 Cr | up ₹12.3 Cr | Added |
| Cash, TREPS & receivables | 1.08% | down 0.73 pts | ₹80.4 Cr | down ₹46.5 Cr | Trimmed |
| Gujarat State Petronet Limited | 1.08% | down 0.05 pts | ₹80.2 Cr | up ₹74 L | Added |
| GHCL LTD. | 1.06% | up 0.13 pts | ₹78.4 Cr | up ₹13.5 Cr | Added |
| Oil & Natural Gas Corporation Limited | 1.04% | up 1.04 pts | ₹77.3 Cr | up ₹77.3 Cr | New |
| Voltas Limited | 1.03% | down 0.03 pts | ₹76.2 Cr | up ₹1.8 Cr | Added |
| JB Chemicals & Pharmaceuticals Limited | 1.02% | down 0.11 pts | ₹76 Cr | down ₹3.2 Cr | Trimmed |
| HDFC Asset Management Company Limited | 1.02% | down 0.01 pts | ₹76 Cr | up ₹3.7 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 1.02% | up 0.61 pts | ₹75.4 Cr | up ₹47.1 Cr | Added |
| Chambal Fertilizers & Chemicals Limited | 1.00% | up 0.05 pts | ₹73.9 Cr | up ₹7.8 Cr | Added |
| Britannia Industries Limited | 0.95% | down 0.31 pts | ₹70.7 Cr | down ₹17.8 Cr | Trimmed |
| Alembic Pharmaceuticals Limited | 0.87% | down 0.04 pts | ₹64.8 Cr | up ₹89 L | Added |
| VARDHMAN TEXTILES LTD. Vardhman Textiles Limited · history in this fund | 0.86% | up 0.18 pts | ₹63.9 Cr | up ₹15.9 Cr | Added |
| Container Corporation of India Limited | 0.86% | down 0.07 pts | ₹63.9 Cr | down ₹1.1 Cr | Trimmed |
| Coromandel International Limited | 0.83% | down 0.06 pts | ₹61.5 Cr | down ₹1 Cr | Trimmed |
| Century Plyboards (India) Limited | 0.78% | up 0.07 pts | ₹58.1 Cr | up ₹8.2 Cr | Added |
| Welspun India Limited | 0.76% | down 0.05 pts | ₹56.8 Cr | down ₹63 L | Trimmed |
| ICICI Lombard General Insurance Company Limited | 0.72% | down 0.01 pts | ₹53.6 Cr | up ₹2.4 Cr | Added |
| KNR Constructions Limited | 0.71% | up 0.05 pts | ₹52.6 Cr | up ₹6.4 Cr | Added |
| Aavas Financiers Limited | 0.69% | down <0.01 pts | ₹50.9 Cr | up ₹2.6 Cr | Added |
| KEI Industries Limited | 0.67% | up 0.04 pts | ₹50 Cr | up ₹5.4 Cr | Added |
What changed, Nov 2020 to Dec 2020
New New positions (3)
- Tata Steel Limited2.0% · ₹149 Cr
- Oil & Natural Gas Corporation Limited1.0% · ₹77.3 Cr
- GAIL (India) Limited0.6% · ₹42.1 Cr
Exited Exited (5)
- Reliance Industries Limitedwas 2.0% · ₹137 Cr
- Colgate Palmolive (India) Limitedwas 0.5% · ₹37.1 Cr
- Sterlite Technologies Limitedwas 0.3% · ₹21.6 Cr
- Reliance Industries Limitedwas 0.1% · ₹10.2 Cr
- LT Foods 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 Nov 2020, the weight rose most in Ferrous Metals (+2.0 pts) and Oil (+1.1 pts), and fell most in Petroleum Products (−3.0 pts) and Banks (−1.4 pts).
- Ferrous Metals0.0% → 2.0%new+2.0 pts
- Oil0.0% → 1.1%new+1.1 pts
- IT - Software8.6% → 9.4%+0.9 pts
- Insurance3.3% → 4.0%+0.7 pts
- Diversified FMCG2.4% → 3.1%+0.7 pts
- Gas1.2% → 1.7%+0.5 pts
- Petroleum Products5.7% → 2.7%−3.0 pts
- Banks25.0% → 23.6%−1.4 pts
- Personal Products2.7% → 2.0%−0.7 pts
- Finance7.2% → 6.9%−0.3 pts
- Food Products1.3% → 1.0%−0.3 pts
- Telecom - Equipment & Accessories0.3% → 0.0%exited−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 | Dec 2017 | Dec 2019 | Jun 2020 | Sep 2020 | Nov 2020 | Dec 2020 |
|---|---|---|---|---|---|---|
| Banks | 22.1% | 29.8% | 22.0% | 23.6% | 25.0% | 23.6% |
| IT - Software | 2.3% | 8.6% | 6.4% | 8.2% | 8.6% | 9.4% |
| Pharmaceuticals & Biotechnology | 3.6% | 5.1% | 7.8% | 10.5% | 8.9% | 8.9% |
| Finance | 9.9% | 2.2% | 4.9% | 6.3% | 7.2% | 6.9% |
| Telecom - Services | 1.0% | 5.8% | 7.9% | 7.0% | 5.6% | 5.8% |
| Consumer Durables | 4.4% | 5.1% | 5.3% | 4.4% | 4.6% | 5.0% |
| Cement & Cement Products | 2.6% | 3.3% | 4.5% | 4.2% | 4.4% | 4.2% |
| Insurance | 3.3% | 2.6% | 2.9% | 2.7% | 3.3% | 4.0% |
| Diversified FMCG | 3.3% | 1.5% | 2.7% | 1.6% | 2.4% | 3.1% |
| Petroleum Products | 6.6% | 7.6% | 9.0% | 6.2% | 5.7% | 2.7% |
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, Dec 2020
1.1%
▼ 0.7 pts vs Nov 2020
- Cash alone
- 1.1%
- cash and net receivables
- A year earlier
- 4.1%
- Dec 2019 · now ▼ 3.0 pts
- Last 12 months
- 1.1% – 10.6%
- lowest to highest · record 10.6% in Apr 2020
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 |