fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

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

Axis Long Term Equity Fund Vs DSP BlackRock Tax Saver Fund

Updated on January 23, 2020 , 1183 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
₹50.2408 ↑ 0.59   (1.19 %)
₹21,473 on 31 Dec 19
29 Dec 09
Equity
ELSS
20
Moderately High
2.13
0.89
0.52
4.74
Not Available
NIL
DSP BlackRock Tax Saver Fund
Growth
Fund Details
₹53.043 ↑ 0.40   (0.76 %)
₹6,260 on 31 Dec 19
18 Jan 07
Equity
ELSS
12
Moderately High
2.11
0.88
-0.16
5.16
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
2%
4.5%
15.2%
22.1%
17%
10.5%
17.4%
DSP BlackRock Tax Saver Fund
Growth
Fund Details
3%
6.2%
13.4%
19.5%
11.8%
10.3%
13.7%

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

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 - 8.67 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 Dec 14₹10,000
31 Dec 15₹10,670
31 Dec 16₹10,596
31 Dec 17₹14,563
31 Dec 18₹14,952
31 Dec 19₹17,169
Growth of 10,000 investment over the years.
DSP BlackRock Tax Saver Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹10,440
31 Dec 16₹11,617
31 Dec 17₹15,833
31 Dec 18₹14,623
31 Dec 19₹16,792

Detailed Assets & Holdings Comparison

Asset Allocation
Axis Long Term Equity Fund
Growth
Fund Details
Asset ClassValue
Cash2.64%
Equity97.36%
Equity Sector Allocation
SectorValue
Financial Services43.25%
Consumer Cyclical14.14%
Consumer Defensive11.12%
Technology7.45%
Communication Services6.13%
Basic Materials5.99%
Industrials4.09%
Utility3.49%
Health Care1.7%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
9%₹1,836 Cr4,506,153
↑ 179,487
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK
8%₹1,704 Cr10,547,075
↓ -375,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
8%₹1,675 Cr13,140,750
↓ -475,000
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 540376
6%₹1,362 Cr7,475,645
Bandhan Bank Ltd (Financial Services)
Equity, Since 31 Mar 18 | 541153
6%₹1,351 Cr23,238,395
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS
6%₹1,344 Cr6,548,129
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFC
6%₹1,343 Cr5,846,662
↑ 310,000
Info Edge (India) Ltd (Communication Services)
Equity, Since 31 May 14 | NAUKRI
5%₹1,149 Cr4,363,102
↓ -210,947
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Nov 14 | PIDILITIND
5%₹1,085 Cr8,329,997
↓ -72,221
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 10 | MARUTI
5%₹1,069 Cr1,475,870
↑ 233,000
Asset Allocation
DSP BlackRock Tax Saver Fund
Growth
Fund Details
Asset ClassValue
Cash2.36%
Equity97.64%
Equity Sector Allocation
SectorValue
Financial Services37.24%
Energy11.38%
Technology8.48%
Basic Materials7.41%
Consumer Cyclical6.77%
Industrials6.61%
Health Care6.27%
Communication Services5.64%
Utility3.7%
Consumer Defensive2.73%
Real Estate1.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
8%₹483 Cr3,789,477
↓ -600,372
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
7%₹463 Cr9,034,351
↓ -1,881,814
State Bank of India (Financial Services)
Equity, Since 30 Sep 19 | SBIN
5%₹313 Cr9,145,279
↑ 3,393,248
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
5%₹307 Cr4,407,883
↑ 1,007,481
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
5%₹299 Cr4,049,346
↑ 547,139
Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE
4%₹256 Cr1,652,081
↓ -5,403
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
4%₹256 Cr5,781,056
↑ 1,464,051
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
3%₹166 Cr
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
3%₹161 Cr1,209,233
↓ -50,819
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 19 | 500547
2%₹149 Cr2,916,234
↑ 230,917

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.
How helpful was this page ?
Rated 5, based on 4 reviews.
POST A COMMENT

1 - 2 of 2