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Fincash » Axis Long Term Equity Vs DSP BlackRock Tax Saver Fund

Axis Long Term Equity Fund Vs DSP BlackRock Tax Saver Fund

Updated on September 16, 2020 , 1866 views

Axis Long Term Equity Fund and DSP BlackRock tax saver Fund both belong to tax saving category of Equity Funds. These schemes are also known as ELSS or Equity Linked Savings Scheme. These schemes give individuals dual benefits of investing as well as a tax deduction. Individuals Investing in these schemes can claim a tax deduction of up to INR 1,50,000 under Section 80C of Income Tax Act, 1961. However, being an ELSS scheme, this scheme has a lock-in period of 3 years. However, its lock-in period is shortest as compared to other Tax Saving Investments. Also, compared to other tax saving investments, ELSS generates more returns. Through both Axis Long Term Equity Funds and DSP BlackRock Tax Saver Fund belong to the same category yet; there exist differences between both of them. So, let us understand the differences between them through this article.

About Axis Long Term Equity Fund

Axis Long Term Equity Fund is an open-ended ELSS scheme and is managed by Axis Mutual Fund. This scheme was launched on December 29, 2009. The objective of this scheme is to attain capital appreciation in the long-term along with growth in the income. Axis Long Term Equity Fund uses S&P BSE 200 Index to construct its portfolio. As per the scheme’s methodology, its portfolio consists of Large Cap and mid-cap shares. The proportion of Large Cap shares in the portfolio extends between 50-100% and the remaining in shares of Mid Cap Companies with a maximum capping of 50%. As on January 31, 2018, some of the constituents of Axis Long Term Equity Fund’s portfolio consisted of HDFC Limited, Bajaj Finance Limited, Maruti Suzuki India Limited, Tata Consultancy Services Limited, and Wipro Limited. Axis Long Term Equity Fund is managed by Mr. Jinesh Gopani.

DSP BlackRock Tax Saver Fund

DSP BlackRock Mutual Fund manages DSP BlackRock Tax Saver Fund which is an open-ended tax saving Mutual Fund scheme. This scheme is present for more than one decade and has was launched in the year 2007. DSP BlackRock Tax Saver Fund uses Nifty 500 Index as a benchmark for building its portfolio. The scheme aims for medium to long-term capital appreciation from a diversified portfolio predominantly consisting of equity-related instruments. Along with the same it also provides tax deduction as per the law. DSP BlackRock Tax Saver Fund is managed by Mr. Raj Singhania. As on January 31, 2018, the Top 5 holdings of this scheme were HDFC Bank Limited, ICICI Bank Limited, Tata Steel Limited, State Bank of India, and Larsen & Toubro Limited. As per the scheme’s objective, it will invest around 80-100% of its fund money in equity and equity-related instruments.

Axis Long Term Equity Fund Vs DSP BlackRock Tax Saver Fund

Though both Axis Long Term Equity Fund and DSP BlackRock Tax Saver Fund belong to the same category nevertheless; there exist differences between both of them with respect to AUM, Current NAV, and much more. So, let us understand the differences between both the schemes which are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

The basics section compares parameters such as Current NAV, Scheme Category, and Fincash Rating. To begin with the Scheme Category, both the schemes belong to the same category, that is, Equity ELSS. With respect to Fincash Rating, it can be said that DSP BlackRock Tax Saver Fund is a 4-Star Fund and Axis Long Term Equity Fund is rated as 3-Star. However, there is a difference in the Current NAV of both the schemes wherein; DSP BlackRock leads the race. As on March 05, 2018, The NAV of DSP BlackRock Tax Saver Fund was approximately INR 45 while of Axis Long Term Equity Fund was approximately INR 40. The table given below shows the summary of basics section.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
Axis Long Term Equity Fund
Growth
Fund Details
₹47.0237 ↓ -0.13   (-0.27 %)
₹21,051 on 31 Jul 20
29 Dec 09
Equity
ELSS
20
Moderately High
1.72
0.03
0.24
-0.68
Not Available
NIL
DSP BlackRock Tax Saver Fund
Growth
Fund Details
₹49.556 ↑ 0.19   (0.39 %)
₹6,083 on 31 Jul 20
18 Jan 07
Equity
ELSS
12
Moderately High
2.11
0.04
-0.1
0.06
Not Available
NIL

Performance Section

The performance section compares the Compounded Annual Growth Rate or CAGR returns between both the schemes at various time intervals. Some of the time intervals include 1 Month Return, 6 Month Return, 3 Year Return, and Return Since Inception. The comparison of performance section reveals that in most situations, Axis Long Term Equity Fund leads the race. In many cases, the returns of the Axis are higher. The table given below summarizes the performance comparison for both the schemes.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Axis Long Term Equity Fund
Growth
Fund Details
0.7%
10.4%
20.2%
7.7%
5.6%
8.9%
15.5%
DSP BlackRock Tax Saver Fund
Growth
Fund Details
2.1%
13.3%
31.5%
6.5%
2.5%
9.4%
12.4%

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Yearly Performance Section

The comparison of absolute returns generated by each scheme for a particular year is mentioned in the yearly performance section. The comparison of this section shows that for certain years the performance of Axis Long Term Equity Fund is better and DSPBR Tax Saver Fund and vice versa. The summary of this section is shown as follows.

Parameters
Yearly Performance2019
2018
2017
2016
2015
Axis Long Term Equity Fund
Growth
Fund Details
14.8%
2.7%
37.4%
-0.7%
6.7%
DSP BlackRock Tax Saver Fund
Growth
Fund Details
14.8%
-7.6%
36.3%
11.3%
4.4%

Other Details Section

This is the last section, in comparison of both the schemes. The comparable elements of this section include AUM, Minimum SIP and Lumpsum investment, and Exit Load. To begin with the exit load, both the schemes do not have any exit loads as they are ELSS and have a lock-in period of 3 years. Similarly, with respect to minimum SIP and Lumpsum investment, both the schemes have same investment amount for SIP as well as lumpsum, that is, INR 500. However, there is a difference in the AUM of both the schemes. As on January 31, 2018, the AUM of Axis Long Term Equity Fund is approximately INR 16,517 crores and for DSPBR Tax Saver Fund is approximately INR 3,983 crores. The summary of other details section is tabulated as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Axis Long Term Equity Fund
Growth
Fund Details
₹500
₹500
Jinesh Gopani - 9.42 Yr.
DSP BlackRock Tax Saver Fund
Growth
Fund Details
₹500
₹500
Rohit Singhania - 5.13 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Axis Long Term Equity Fund
Growth
Fund Details
DateValue
31 Aug 15₹10,000
31 Aug 16₹10,848
31 Aug 17₹12,456
31 Aug 18₹15,086
31 Aug 19₹14,378
31 Aug 20₹15,130
Growth of 10,000 investment over the years.
DSP BlackRock Tax Saver Fund
Growth
Fund Details
DateValue
31 Aug 15₹10,000
31 Aug 16₹11,971
31 Aug 17₹14,047
31 Aug 18₹15,263
31 Aug 19₹14,684
31 Aug 20₹15,327

Detailed Assets & Holdings Comparison

Asset Allocation
Axis Long Term Equity Fund
Growth
Fund Details
Asset ClassValue
Cash1.13%
Equity98.87%
Equity Sector Allocation
SectorValue
Financial Services36.39%
Consumer Cyclical14.57%
Consumer Defensive12.25%
Technology9.71%
Communication Services7.23%
Health Care7.19%
Basic Materials6.2%
Utility3.82%
Industrials1.5%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
9%₹1,915 Cr5,491,442
↑ 206,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK
7%₹1,611 Cr11,492,636
↓ -190,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
7%₹1,598 Cr14,320,723
↑ 722,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS
7%₹1,484 Cr6,573,985
↓ -107,889
Nestle India Ltd (Consumer Defensive)
Equity, Since 31 Aug 14 | NESTLEIND
6%₹1,389 Cr870,805
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 10 | MARUTI
6%₹1,333 Cr1,949,203
↑ 75,199
Info Edge (India) Ltd (Communication Services)
Equity, Since 31 May 14 | NAUKRI
6%₹1,257 Cr3,851,404
↑ 149,990
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 540376
5%₹1,085 Cr4,819,586
↑ 57,534
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 17 | DIVISLAB
5%₹1,055 Cr3,377,574
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Nov 14 | PIDILITIND
4%₹971 Cr6,920,272
↑ 1,200,000
Asset Allocation
DSP BlackRock Tax Saver Fund
Growth
Fund Details
Asset ClassValue
Cash1.18%
Equity98.82%
Equity Sector Allocation
SectorValue
Financial Services35.41%
Basic Materials10.26%
Health Care8.96%
Communication Services8.47%
Technology6.84%
Consumer Cyclical6.75%
Industrials6.56%
Energy5.99%
Consumer Defensive5.68%
Utility3.72%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
10%₹624 Cr15,821,782
↑ 2,874,235
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
9%₹580 Cr5,202,045
↑ 759,834
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
8%₹533 Cr10,396,459
↑ 1,484,484
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
6%₹377 Cr4,056,857
↑ 644,442
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
4%₹279 Cr13,160,862
↑ 3,682,309
Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE
3%₹207 Cr996,178
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 20 | HDFC
3%₹169 Cr923,362
↑ 923,362
Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | 500124
2%₹130 Cr303,661
↑ 108,586
NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | 532555
2%₹129 Cr13,424,078
↑ 1,437,011
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO
2%₹127 Cr326,437

Thus from the above parameters, it can be said that both the schemes with respect to various parameters. As a result, individuals should be careful while investing in any of the schemes. They should understand the functioning and modalities of a scheme completely before investing in it. If required, people can even consult a financial advisor to ensure that their funds are safe and they accomplish their objectives on time.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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