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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
₹12,615 Cr
up ₹922 Cr vs Oct 2023
- Stocks held
- 67
- unchanged
- Top 10 weight
- 37.3%
- of the portfolio in its ten largest
- Cash & debt
- 2.4%
- cash, money market and debt
- Moves this month
- 2 in · 2 out
- added to 10, trimmed 12
DSP ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from DSP Mutual Fund. In November 2023 it disclosed 67 stocks worth ₹12,615 Cr, up ₹922 Cr from Oct 2023. Its largest positions were HDFC Bank Limited (7.4%), ICICI Bank Limited (6.1%), Axis Bank Limited (3.7%); the ten largest together made up 37.3% of the portfolio, and Banks was the biggest sector at 23.3% of its equity. Cash and debt stood at 2.4%. Compared with Oct 2023 the fund entered 2 new stocks and exited 2.
Against 46 other ELSS (tax saving) funds
Concentration
30%
Top-10 weight is higher than 30% of peers
Breadth
72%
Holds more stocks than 72% of peers
Cash
46%
Holds more cash than 46% of peers
What these mean: concentration · cash
Holdings in November 2023
Download CSVEvery line the fund disclosed, with the change against Oct 2023. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 7.42% | up 0.95 pts | ₹936 Cr | up ₹180 Cr | Added |
| ICICI Bank Limited | 6.10% | down 0.13 pts | ₹769 Cr | up ₹40.5 Cr | Added |
| Axis Bank Limited | 3.73% | up 0.05 pts | ₹471 Cr | up ₹40.5 Cr | Added |
| State Bank of India | 3.45% | down 0.18 pts | ₹435 Cr | up ₹10.4 Cr | Added |
| Mahindra & Mahindra Limited | 3.17% | up 0.24 pts | ₹400 Cr | up ₹57.6 Cr | Added |
| Infosys Limited | 2.95% | down 0.04 pts | ₹372 Cr | up ₹22.2 Cr | Added |
| Power Finance Corporation Limited | 2.72% | up 0.56 pts | ₹343 Cr | up ₹90.4 Cr | Added |
| Hindustan Unilever Limited | 2.72% | down 0.14 pts | ₹343 Cr | up ₹8.3 Cr | Added |
| Tata Motors Limited | 2.56% | up 0.54 pts | ₹323 Cr | up ₹87.1 Cr | Added |
| HCL Technologies Limited | 2.52% | down 0.07 pts | ₹318 Cr | up ₹15.4 Cr | Added |
| NTPC Limited | 2.43% | up 0.16 pts | ₹307 Cr | up ₹41.4 Cr | Added |
| Cash, TREPS & receivables | 2.38% | down 1.13 pts | ₹300 Cr | down ₹110 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 1.98% | up 0.08 pts | ₹250 Cr | up ₹28 Cr | Added |
| Coforge Limited | 1.94% | up 0.13 pts | ₹245 Cr | up ₹33.1 Cr | Added |
| GAIL (India) Limited | 1.75% | up 0.04 pts | ₹220 Cr | up ₹20.7 Cr | Added |
| Bajaj Finance Limited | 1.74% | up 0.34 pts | ₹220 Cr | up ₹56.3 Cr | Added |
| Bharti Airtel Limited | 1.63% | up 0.05 pts | ₹205 Cr | up ₹20.3 Cr | Added |
| Hindustan Petroleum Corporation Limited | 1.60% | up 0.62 pts | ₹201 Cr | up ₹87.1 Cr | Added |
| Oil & Natural Gas Corporation Limited | 1.59% | down 0.36 pts | ₹201 Cr | down ₹27.8 Cr | Trimmed |
| Emami Limited | 1.55% | down 0.13 pts | ₹195 Cr | down ₹1.4 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 1.50% | up 0.29 pts | ₹190 Cr | up ₹48.1 Cr | Added |
| Hindalco Industries Limited | 1.49% | up 0.29 pts | ₹188 Cr | up ₹48 Cr | Added |
| Samvardhana Motherson International Limited | 1.46% | down 0.11 pts | ₹184 Cr | up ₹20 L | Held |
| IPCA Laboratories Limited | 1.45% | up 0.19 pts | ₹183 Cr | up ₹35.1 Cr | Added |
| SBI Life Insurance Company Limited | 1.43% | down 0.04 pts | ₹181 Cr | up ₹8.5 Cr | Added |
| Bharat Forge Limited | 1.41% | up 0.03 pts | ₹178 Cr | up ₹16 Cr | Added |
| Exide Industries Limited | 1.40% | up 0.05 pts | ₹176 Cr | up ₹18.2 Cr | Added |
| Tech Mahindra Limited | 1.33% | down <0.01 pts | ₹168 Cr | up ₹12.1 Cr | Added |
| SBI Cards and Payment Services Limited | 1.27% | down 0.11 pts | ₹161 Cr | down ₹1.5 Cr | Trimmed |
| Container Corporation of India Limited | 1.25% | up 0.05 pts | ₹158 Cr | up ₹17.8 Cr | Added |
| REC Limited | 1.25% | down 0.35 pts | ₹157 Cr | down ₹28.9 Cr | Trimmed |
| Bharat Electronics Limited | 1.20% | up 0.02 pts | ₹151 Cr | up ₹13.1 Cr | Added |
| UltraTech Cement Limited | 1.16% | down 0.11 pts | ₹147 Cr | down ₹2.1 Cr | Trimmed |
| Coromandel International Limited | 1.14% | up 0.04 pts | ₹144 Cr | up ₹14.9 Cr | Added |
| IIFL Finance Limited | 1.13% | down 0.11 pts | ₹143 Cr | down ₹2.6 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.11% | down 0.08 pts | ₹139 Cr | up ₹1.3 Cr | Added |
| Cipla Limited | 1.09% | down 0.07 pts | ₹137 Cr | up ₹1.4 Cr | Added |
| Suven Pharmaceuticals Limited | 1.08% | up 0.14 pts | ₹137 Cr | up ₹26.9 Cr | Added |
| ACC Limited | 1.08% | down 0.09 pts | ₹136 Cr | down ₹92 L | Trimmed |
| Alkem Laboratories Limited | 1.04% | down 0.06 pts | ₹132 Cr | up ₹2.6 Cr | Added |
| The Phoenix Mills Limited | 1.03% | down 0.07 pts | ₹131 Cr | up ₹1.5 Cr | Added |
| Alembic Pharmaceuticals Limited | 1.02% | down 0.03 pts | ₹129 Cr | up ₹5.7 Cr | Added |
| VARDHMAN TEXTILES LTD. Vardhman Textiles Limited · history in this fund | 1.02% | up 0.02 pts | ₹128 Cr | up ₹11.5 Cr | Added |
| KEC International Limited | 1.02% | down 0.17 pts | ₹128 Cr | down ₹11.1 Cr | Trimmed |
| Century Plyboards (India) Limited | 1.01% | down 0.04 pts | ₹127 Cr | up ₹5.1 Cr | Added |
| Dr. Reddy's Laboratories Limited | 0.99% | down <0.01 pts | ₹125 Cr | up ₹9.1 Cr | Added |
| Gujarat Fluorochemicals Limited | 0.98% | up 0.07 pts | ₹124 Cr | up ₹17.8 Cr | Added |
| AU Small Finance Bank Limited | 0.97% | up 0.03 pts | ₹123 Cr | up ₹12 Cr | Added |
| Max Financial Services Limited | 0.96% | up 0.03 pts | ₹121 Cr | up ₹12.5 Cr | Added |
| Marico Limited | 0.91% | down 0.07 pts | ₹114 Cr | up ₹45 L | Held |
What changed, Oct 2023 to Nov 2023
New New positions (2)
- Schaeffler India Limited0.3% · ₹31.5 Cr
- Indian Renewable Energy Development Agency Limited0.2% · ₹23.1 Cr
Exited Exited (2)
- Maruti Suzuki India Limitedwas 1.3% · ₹147 Cr
- Sheela Foam Limitedwas <0.1% · ₹3.9 Cr
Added Biggest additions
- HDFC Bank Limitedup ₹180 Cr (+0.95% pts)
- Power Finance Corporation Limited ₹90.4 Cr (+0.56% 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 Oct 2023, the weight rose most in Petroleum Products (+0.9 pts) and Finance (+0.4 pts), and fell most in Automobiles (−0.6 pts) and Oil (−0.4 pts).
- Petroleum Products2.3% → 3.2%+0.9 pts
- Finance8.1% → 8.5%+0.4 pts
- Banks22.9% → 23.3%+0.4 pts
- Non - Ferrous Metals1.2% → 1.5%+0.3 pts
- Auto Components3.0% → 3.2%+0.2 pts
- Power2.4% → 2.5%+0.1 pts
- Automobiles6.4% → 5.9%−0.6 pts
- Oil2.0% → 1.6%−0.4 pts
- Construction3.3% → 3.0%−0.2 pts
- Cement & Cement Products2.5% → 2.3%−0.2 pts
- Chemicals0.8% → 0.6%−0.2 pts
- Consumer Durables2.6% → 2.4%−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 | Nov 2020 | Nov 2022 | May 2023 | Aug 2023 | Oct 2023 | Nov 2023 |
|---|---|---|---|---|---|---|
| Banks | 25.0% | 31.8% | 30.5% | 24.3% | 22.9% | 23.3% |
| Pharmaceuticals & Biotechnology | 8.9% | 8.6% | 8.7% | 9.1% | 9.6% | 9.8% |
| IT - Software | 8.6% | 11.7% | 10.4% | 10.0% | 9.5% | 9.4% |
| Finance | 7.2% | 3.3% | 5.3% | 6.6% | 8.1% | 8.5% |
| Automobiles | 0.7% | 6.6% | 6.0% | 6.4% | 6.4% | 5.9% |
| Auto Components | 0.7% | — | 1.4% | 3.0% | 3.0% | 3.2% |
| Petroleum Products | 5.7% | 2.3% | 2.6% | 2.1% | 2.3% | 3.2% |
| Construction | 2.1% | 3.1% | 3.5% | 3.5% | 3.3% | 3.0% |
| Diversified FMCG | 2.4% | 1.1% | 2.5% | 2.9% | 3.0% | 2.8% |
| Gas | 1.2% | 2.3% | 3.1% | 2.4% | 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, Nov 2023
2.4%
▼ 1.1 pts vs Oct 2023
- Cash alone
- 2.4%
- cash and net receivables
- A year earlier
- 1.3%
- Nov 2022 · now ▲ 1.1 pts
- Last 12 months
- 0.7% – 3.5%
- 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 |