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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
₹12,086 Cr
up ₹223 Cr vs Aug 2023
- Stocks held
- 67
- down 2 vs Aug 2023
- Top 10 weight
- 37.2%
- of the portfolio in its ten largest
- Cash & debt
- 2.3%
- cash, money market and debt
- Moves this month
- 1 in · 3 out
- added to 10, trimmed 29
DSP ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from DSP Mutual Fund. In September 2023 it disclosed 67 stocks worth ₹12,086 Cr, up ₹223 Cr from Aug 2023. Its largest positions were ICICI Bank Limited (6.6%), HDFC Bank Limited (6.5%), State Bank of India (4.0%); the ten largest together made up 37.2% of the portfolio, and Banks was the biggest sector at 23.6% of its equity. Cash and debt stood at 2.3%. Compared with Aug 2023 the fund entered 1 new stock and exited 3.
Against 46 other ELSS (tax saving) funds
Concentration
26%
Top-10 weight is higher than 26% of peers
Breadth
72%
Holds more stocks than 72% of peers
Cash
41%
Holds more cash than 41% of peers
What these mean: concentration · cash
Holdings in September 2023
Download CSVEvery line the fund disclosed, with the change against Aug 2023. 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 | 6.57% | down 0.47 pts | ₹794 Cr | down ₹41 Cr | Trimmed |
| HDFC Bank Limited | 6.47% | down 0.32 pts | ₹781 Cr | down ₹23.1 Cr | Trimmed |
| State Bank of India | 3.98% | up 0.18 pts | ₹482 Cr | up ₹29.9 Cr | Added |
| Axis Bank Limited | 3.86% | up 0.17 pts | ₹467 Cr | up ₹28.5 Cr | Added |
| Infosys Limited | 3.14% | down 0.50 pts | ₹379 Cr | down ₹52.8 Cr | Trimmed |
| Mahindra & Mahindra Limited | 3.02% | down 0.10 pts | ₹365 Cr | down ₹5 Cr | Trimmed |
| Hindustan Unilever Limited | 2.75% | down 0.10 pts | ₹332 Cr | down ₹5.3 Cr | Trimmed |
| Power Finance Corporation Limited | 2.69% | up 0.57 pts | ₹325 Cr | up ₹74.2 Cr | Added |
| HCL Technologies Limited | 2.42% | up 0.08 pts | ₹293 Cr | up ₹14.9 Cr | Added |
| NTPC Limited | 2.28% | up 0.06 pts | ₹276 Cr | up ₹11.8 Cr | Added |
| Cash, TREPS & receivables | 2.26% | up 0.34 pts | ₹273 Cr | up ₹45.6 Cr | Added |
| Sun Pharmaceutical Industries Limited | 1.95% | up 0.04 pts | ₹236 Cr | up ₹9.6 Cr | Added |
| Oil & Natural Gas Corporation Limited | 1.95% | up 0.15 pts | ₹236 Cr | up ₹21.7 Cr | Added |
| Tata Motors Limited | 1.87% | up 0.05 pts | ₹226 Cr | up ₹10.5 Cr | Added |
| Coforge Limited | 1.80% | down 0.16 pts | ₹217 Cr | down ₹15.4 Cr | Trimmed |
| Emami Limited | 1.72% | up 0.01 pts | ₹208 Cr | up ₹5.4 Cr | Added |
| Bharti Airtel Limited | 1.65% | up 0.10 pts | ₹199 Cr | up ₹15 Cr | Added |
| Samvardhana Motherson International Limited | 1.59% | down 0.03 pts | ₹192 Cr | up ₹40 L | Held |
| Bajaj Finance Limited | 1.51% | up 0.10 pts | ₹182 Cr | up ₹15.1 Cr | Added |
| Maruti Suzuki India Limited | 1.44% | up 0.06 pts | ₹174 Cr | up ₹10 Cr | Added |
| Bharat Forge Limited | 1.44% | up <0.01 pts | ₹174 Cr | up ₹3.4 Cr | Added |
| SBI Cards and Payment Services Limited | 1.42% | down 0.07 pts | ₹172 Cr | down ₹5.5 Cr | Trimmed |
| Tech Mahindra Limited | 1.39% | down <0.01 pts | ₹168 Cr | up ₹2.9 Cr | Added |
| REC Limited | 1.37% | up 1.37 pts | ₹166 Cr | up ₹166 Cr | New |
| GAIL (India) Limited | 1.37% | down 0.11 pts | ₹166 Cr | down ₹9.7 Cr | Trimmed |
| SBI Life Insurance Company Limited | 1.36% | down 0.01 pts | ₹165 Cr | up ₹1.6 Cr | Added |
| UltraTech Cement Limited | 1.30% | down 0.13 pts | ₹158 Cr | down ₹12.5 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.24% | down 0.04 pts | ₹150 Cr | down ₹2 Cr | Trimmed |
| Exide Industries Limited | 1.23% | down 0.05 pts | ₹149 Cr | down ₹3.5 Cr | Trimmed |
| KEC International Limited | 1.22% | down 0.10 pts | ₹148 Cr | down ₹9.1 Cr | Trimmed |
| ACC Limited | 1.21% | down 0.02 pts | ₹146 Cr | up ₹47 L | Held |
| Container Corporation of India Limited | 1.20% | up 0.05 pts | ₹146 Cr | up ₹8.7 Cr | Added |
| Hindalco Industries Limited | 1.20% | up 0.69 pts | ₹145 Cr | up ₹84.4 Cr | Added |
| Bharat Electronics Limited | 1.18% | up 0.02 pts | ₹143 Cr | up ₹5.3 Cr | Added |
| Coromandel International Limited | 1.17% | up 0.04 pts | ₹142 Cr | up ₹6.9 Cr | Added |
| IIFL Finance Limited | 1.16% | up 0.22 pts | ₹140 Cr | up ₹29.1 Cr | Added |
| IPCA Laboratories Limited | 1.16% | up 0.06 pts | ₹140 Cr | up ₹9.3 Cr | Added |
| Alembic Pharmaceuticals Limited | 1.12% | down 0.01 pts | ₹135 Cr | up ₹1.3 Cr | Added |
| Cipla Limited | 1.11% | down 0.09 pts | ₹135 Cr | down ₹8.1 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 1.09% | up 0.01 pts | ₹132 Cr | up ₹3.3 Cr | Added |
| The Phoenix Mills Limited | 1.07% | down 0.01 pts | ₹129 Cr | up ₹1 Cr | Added |
| Century Plyboards (India) Limited | 1.05% | down 0.08 pts | ₹127 Cr | down ₹7.4 Cr | Trimmed |
| Alkem Laboratories Limited | 1.03% | down 0.03 pts | ₹125 Cr | down ₹1.3 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 1.00% | down 0.02 pts | ₹121 Cr | down ₹45 L | Held |
| Marico Limited | 0.99% | down 0.03 pts | ₹119 Cr | down ₹1.8 Cr | Trimmed |
| AU Small Finance Bank Limited | 0.98% | down 0.03 pts | ₹118 Cr | down ₹1.7 Cr | Trimmed |
| Hindustan Petroleum Corporation Limited | 0.97% | up 0.01 pts | ₹118 Cr | up ₹3.2 Cr | Added |
| Gujarat Fluorochemicals Limited | 0.97% | down 0.02 pts | ₹117 Cr | up ₹13 L | Held |
| Jindal Steel & Power Limited | 0.91% | down 0.20 pts | ₹110 Cr | down ₹21.3 Cr | Trimmed |
| Max Financial Services Limited | 0.89% | down 0.04 pts | ₹108 Cr | down ₹2.8 Cr | Trimmed |
What changed, Aug 2023 to Sep 2023
New New positions (1)
- REC Limited1.4% · ₹166 Cr
Exited Exited (3)
- Shriram Transport Finance Company Limitedwas 0.5% · ₹61 Cr
- Supreme Industries Limitedwas 0.2% · ₹27.9 Cr
- Equitas Small Finance Bank Limitedwas 0.2% · ₹21.3 Cr
Added Biggest additions
- Hindalco Industries Limitedup ₹84.4 Cr (+0.69% pts)
- Power Finance Corporation Limitedup ₹74.2 Cr (+0.57% pts)
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 2023, the weight rose most in Finance (+1.7 pts) and Non - Ferrous Metals (+0.7 pts), and fell most in Banks (−0.6 pts) and IT - Software (−0.6 pts).
- Finance6.6% → 8.3%+1.7 pts
- Non - Ferrous Metals0.5% → 1.2%+0.7 pts
- Pharmaceuticals & Biotechnology9.1% → 9.3%+0.2 pts
- Oil1.8% → 2.0%+0.2 pts
- Telecom - Services1.7% → 1.8%+0.1 pts
- Banks24.3% → 23.6%−0.6 pts
- IT - Software10.0% → 9.4%−0.6 pts
- Consumer Durables3.0% → 2.6%−0.4 pts
- Chemicals1.1% → 0.9%−0.3 pts
- Industrial Products2.3% → 2.1%−0.2 pts
- Construction3.5% → 3.3%−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 | Sep 2020 | Sep 2022 | Mar 2023 | Jun 2023 | Aug 2023 | Sep 2023 |
|---|---|---|---|---|---|---|
| Banks | 23.6% | 28.8% | 30.4% | 28.2% | 24.3% | 23.6% |
| IT - Software | 8.2% | 11.0% | 11.9% | 10.0% | 10.0% | 9.4% |
| Pharmaceuticals & Biotechnology | 10.5% | 8.1% | 8.0% | 9.2% | 9.1% | 9.3% |
| Finance | 6.3% | 4.8% | 4.5% | 5.8% | 6.6% | 8.3% |
| Automobiles | 1.2% | 7.1% | 5.6% | 6.4% | 6.4% | 6.5% |
| Construction | 2.2% | 3.4% | 3.4% | 3.5% | 3.5% | 3.3% |
| Auto Components | 0.6% | — | 1.1% | 2.3% | 3.0% | 2.9% |
| Diversified FMCG | 1.6% | — | 2.0% | 2.5% | 2.9% | 2.8% |
| Consumer Durables | 4.4% | 4.6% | 3.1% | 3.2% | 3.0% | 2.6% |
| Cement & Cement Products | 4.2% | 3.0% | 3.4% | 2.9% | 2.7% | 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, Sep 2023
2.3%
▲ 0.3 pts vs Aug 2023
- Cash alone
- 2.3%
- cash and net receivables
- A year earlier
- 2.7%
- Sep 2022 · now ▼ 0.4 pts
- Last 12 months
- 0.7% – 2.3%
- 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 |