About DSP Tax Saver Direct Plan-Growth
DSP Tax Saver Direct Plan-Growth is a Tax Saver
mutual fund scheme from DSP Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Rohit Singhania
. It has an AUM of ₹6,102.99 Crores and the latest NAV decalared is ₹53.412 as on 15 Nov 2019 at 9:50 pm.
DSP Tax Saver Direct Plan-Growth scheme return performance in last 1 year is 16.53%, in last 3 years is 45.58% and 177.75% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The scheme seeks to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors avail of deduction from total income, as permitted under the income tax act.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.