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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 November 14, 2019 , 923 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
₹48.9571 ↓ -0.06   (-0.12 %)
₹20,425 on 30 Sep 19
29 Dec 09
Equity
ELSS
20
Moderately High
2.49
0.64
0.38
6.97
Not Available
NIL
DSP BlackRock Tax Saver Fund
Growth
Fund Details
₹50.734 ↑ 0.13   (0.25 %)
₹5,841 on 30 Sep 19
18 Jan 07
Equity
ELSS
12
Moderately High
2.47
0.65
-0.12
7.84
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
3.8%
11.2%
14.5%
19.1%
17.1%
12%
17.4%
DSP BlackRock Tax Saver Fund
Growth
Fund Details
3.6%
9.1%
10.7%
15.3%
12.1%
10.8%
13.5%

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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 Performance2018
2017
2016
2015
2014
Axis Long Term Equity Fund
Growth
Fund Details
2.7%
37.4%
-0.7%
6.7%
66.2%
DSP BlackRock Tax Saver Fund
Growth
Fund Details
-7.6%
36.3%
11.3%
4.4%
52.2%

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 - 7.84 Yr.
DSP BlackRock Tax Saver Fund
Growth
Fund Details
₹500
₹500
Rohit Singhania - 3.55 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 Oct 14₹10,000
31 Oct 15₹11,417
31 Oct 16₹12,443
31 Oct 17₹14,718
31 Oct 18₹14,796
31 Oct 19₹18,192
Growth of 10,000 investment over the years.
DSP BlackRock Tax Saver Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,726
31 Oct 16₹13,047
31 Oct 17₹15,658
31 Oct 18₹14,393
31 Oct 19₹17,164

Detailed Assets & Holdings Comparison

Asset Allocation
Axis Long Term Equity Fund
Growth
Fund Details
Asset ClassValue
Cash5.05%
Equity94.95%
Equity Sector Allocation
SectorValue
Financial Services41.02%
Consumer Cyclical14.2%
Consumer Defensive11.21%
Technology7.96%
Basic Materials5.48%
Communication Services5.47%
Industrials5.23%
Utility3.35%
Health Care1.4%
Real Estate0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
10%₹1,948 Cr4,815,508
↓ -79,570
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK
9%₹1,796 Cr10,922,075
↓ -177,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
8%₹1,571 Cr12,795,750
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Nov 14 | PIDILITIND
8%₹1,533 Cr10,619,943
↑ 247,053
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 540376
7%₹1,363 Cr7,325,645
↓ -2,875
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS
6%₹1,303 Cr6,206,417
↓ -551,247
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFC
6%₹1,144 Cr5,786,662
↑ 413,899
GRUH Finance Ltd (Financial Services)
Equity, Since 31 May 11 | 511288
5%₹996 Cr36,971,961
↑ 370,062
Info Edge (India) Ltd (Technology)
Equity, Since 31 May 14 | NAUKRI
4%₹914 Cr4,524,049
↑ 50,682
Clearing Corporation Of India Ltd
CBLO | -
4%₹912 Cr
Asset Allocation
DSP BlackRock Tax Saver Fund
Growth
Fund Details
Asset ClassValue
Cash5.51%
Equity94.49%
Debt0%
Equity Sector Allocation
SectorValue
Financial Services35.98%
Energy9.85%
Industrials9.44%
Basic Materials9%
Technology7.22%
Health Care6.9%
Consumer Cyclical5.46%
Consumer Defensive4.41%
Utility3.44%
Communication Services2.32%
Real Estate0.46%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
9%₹540 Cr4,389,849
↓ -143,434
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
8%₹505 Cr10,916,165
↓ -1,993,054
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹258 Cr3,502,207
↓ -762,763
Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE
4%₹243 Cr1,657,484
↓ -330,898
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
4%₹233 Cr3,400,402
↑ 2,073,797
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
3%₹186 Cr1,260,052
↓ -163,234
State Bank of India (Financial Services)
Equity, Since 30 Sep 19 | SBIN
3%₹180 Cr5,752,031
↑ 3,765,817
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
3%₹162 Cr4,317,005
↑ 631,575
Asian Paints Ltd (Basic Materials)
Equity, Since 31 Jul 16 | 500820
3%₹158 Cr873,807
↓ -17,087
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
3%₹156 Cr

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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