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Fincash » DSPBR Tax Saver Vs BNP Paribas LT Equity Fund

DSP BlackRock Tax Saver Fund Vs BNP Paribas Long Term Equity Fund (ELSS)

Updated on June 5, 2023 , 491 views

DSP BlackRock tax saver Fund and BNP Paribas Long Term Equity Fund (ELSS) both belong to the ELSS category of Mutual Funds. ELSS or Equity Linked Savings Scheme is also known as a tax saving Mutual Fund. These schemes offer individuals dual benefits of investing as well as tax Deduction. Any individual Investing in ELSS can claim a tax deduction of up to INR 1,50,000 under Section 80C of income tax Act, 1961. However, being a tax saving instrument, it has a lock-in period of three years till which individuals cannot withdraw their money. Though DSP BlackRock Tax Saver Fund and BNP Paribas Long Term Equity Fund (ELSS) both belong to the same category nevertheless; there exist numerous differences between them. So, let us understand the differences between both the schemes through this article.

DSP BlackRock Tax Saver Fund

The objective of DSP BlackRock Tax Saver Fund is to attain Capital appreciation in a medium to long-term investment tenure by predominantly investing the corpus in equity and equity-related instruments. Based on the Asset Allocation objective, DSP BlackRock Tax Saver Fund invests a minimum of 80% of its corpus in equity and equity-related securities. Mr. Rohit Singhania is the sole fund manager managing the DSP BlackRock Tax Saver Fund. As on March 31, 2018, some of the top holdings of DSP BlackRock Tax Saver Fund include HDFC Bank Limited, ICICI Bank Limited, State Bank of India, Tata Steel Limited, and Larsen & Toubro Limited. DSP BlackRock Tax Saver Fund uses Nifty 500 TRI Index as its benchmark to construct its Portfolio. DSP BlackRock Tax Saver Fund adopts a bottom-up, stock-by-stock Basis to invest in shares. It also includes amenities like improving margins, cash flows, and others.

BNP Paribas Long Term Equity Fund (ELSS)

BNP Paribas Long Term Equity Fund (ELSS) is a part of BNP Paribas Mutual Fund. This scheme was launched on January 05, 2006 and uses Nifty 200 TRI Index as its benchmark to construct its portfolio. The risk-appetite of this ELSS scheme is moderately high. The scheme aims for capital growth in the long-term tenure by predominantly investing the fund money predominantly in equity and equity-related instruments. BNP Paribas Long Term Equity Fund is jointly managed by Mr. Karthikraj Lakshmanan and Mr. Abhijeet Dey. Infosys Limited, Maruti Suzuki India Limited, Bharti Airtel Limited, and Kotak Mahindra Bank Limited, are some of the top 10 holdings of BNP Paribas Long Term Equity Fund’s (ELSS) portfolio as on March 31, 2018. In a normal scenario, BNP Paribas Long Term Equity Fund in a normal scenario invests a minimum of 95% of its fund money in equity and equity-related instruments and the remaining in fixed Income and money market instruments.

DSP BlackRock Tax Saver Fund Vs BNP Paribas Long Term Equity Fund (ELSS)

There are a number of differences between DSP BlackRock Tax Saver Fund and BNP Paribas Long Term Equity Fund (ELSS) on a number of parameters. So, let’s understand the differences between these schemes with the help of four sections, given below.

Basics Section

Fincash Rating, current NAV, and scheme category are some of the comparable elements that form part of the basics section. With respect to current NAV, it can be said there exists a difference between both the schemes. As on April 26, 2018, the NAV of DSP BlackRock Tax Saver Fund was approximately INR 46 and of BNP Paribas Long Term Equity Fund (ELSS) was around INR 37. With respect to the scheme category, both the schemes belong to the same category of Equity ELSS. The comparison of Fincash Rating shows that, DSP BlackRock Tax Saver Fund is a 4-Star rated scheme and BNP Paribas Long Term Equity Fund (ELSS) is a 3-Star rated scheme. The summary of the basics section is as follows.

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
DSP BlackRock Tax Saver Fund
Growth
Fund Details
₹87.29 ↑ 0.52   (0.60 %)
₹10,513 on 30 Apr 23
18 Jan 07
Equity
ELSS
12
Moderately High
1.8
-0.05
0
-0.08
Not Available
NIL
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
₹61.9932 ↑ 0.55   (0.90 %)
₹665 on 30 Apr 23
5 Jan 06
Equity
ELSS
22
Moderately High
2.38
-0.14
0
0
Not Available
NIL

Performance Section

The comparison of Compounded Annual Growth Rate or CAGR returns at different time intervals is done in the performance section. The comparison of the performance section shows that in certain instances, DSP BlackRock Tax Saver Fund has performed better while in others BNP Paribas Long Term Equity Fund (ELSS) has done better. The table given below shows the summary comparison of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
DSP BlackRock Tax Saver Fund
Growth
Fund Details
5.1%
5.7%
2.1%
16.2%
26%
13.9%
14.1%
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
5.8%
7.9%
3.1%
15.4%
19%
11%
11%

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Yearly Performance Section

Being the third section in the comparison of both the schemes, it analyses the differences in the absolute returns generated by both the schemes for a particular year. The analysis of yearly performance section shows that in some years, DSP BlackRock Tax Saver Fund leads the race while in others, BNP Paribas Long Term Equity Fund (ELSS) Leads the race. The summary comparison of the yearly performance section is tabulated as follows.

Parameters
Yearly Performance2022
2021
2020
2019
2018
DSP BlackRock Tax Saver Fund
Growth
Fund Details
4.5%
35.1%
15%
14.8%
-7.6%
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
-2.1%
23.6%
17.8%
14.3%
-9.3%

Other Details Section

Being the last section in the comparison, it includes parameters such as Minimum SIP investment, minimum lumpsum investment, AUM, and others. The minimum SIP and lumpsum investment for both the schemes are same, that is, INR 500. However, there is a significant difference between the AUM of both the schemes. As on March 31, 2018, the AUM of DSP BlackRock Tax Saver Fund was approximately INR 4,039 Crores and of BNP Paribas Long Term Equity Fund (ELSS) was around INR 528 Crores. The summarized comparison of the other details section is as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
DSP BlackRock Tax Saver Fund
Growth
Fund Details
₹500
₹500
Rohit Singhania - 7.79 Yr.
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
₹500
₹500
Sanjay Chawla - 1.13 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
DSP BlackRock Tax Saver Fund
Growth
Fund Details
DateValue
31 May 18₹10,000
31 May 19₹10,808
31 May 20₹9,085
31 May 21₹15,648
31 May 22₹16,739
31 May 23₹18,814
Growth of 10,000 investment over the years.
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
DateValue
31 May 18₹10,000
31 May 19₹10,559
31 May 20₹9,376
31 May 21₹14,446
31 May 22₹14,644
31 May 23₹16,332

Detailed portfolio Comparison

Asset Allocation
DSP BlackRock Tax Saver Fund
Growth
Fund Details
Asset ClassValue
Cash0.74%
Equity99.26%
Equity Sector Allocation
SectorValue
Financial Services37.99%
Consumer Cyclical10.62%
Technology10.26%
Health Care9.06%
Basic Materials8.17%
Industrials7.04%
Consumer Defensive4.71%
Utility4.5%
Energy4.05%
Communication Services1.95%
Real Estate0.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
9%₹968 Cr5,736,526
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
9%₹920 Cr10,028,497
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
6%₹584 Cr10,093,353
↑ 769,050
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
5%₹529 Cr4,222,945
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | AXISBANK
4%₹404 Cr4,696,867
↑ 235,745
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH
3%₹278 Cr2,610,256
↓ -296,579
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Nov 22 | HINDUNILVR
2%₹246 Cr999,648
↑ 227,172
Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | DRREDDY
2%₹232 Cr470,155
↓ -53,153
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 20 | SUNPHARMA
2%₹220 Cr2,222,739
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Jul 22 | TATAMOTORS
2%₹210 Cr4,340,070
↑ 328,625
Asset Allocation
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
Asset ClassValue
Cash2.79%
Equity97.21%
Equity Sector Allocation
SectorValue
Financial Services29.73%
Consumer Cyclical13.4%
Industrials11.06%
Technology9.38%
Basic Materials8.24%
Consumer Defensive6.67%
Energy5.72%
Health Care4.29%
Communication Services3.15%
Utility2.94%
Real Estate2.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
9%₹62 Cr365,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK
8%₹50 Cr544,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE
6%₹38 Cr157,000
Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jan 23 | TCS
4%₹27 Cr82,500
ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 30 Sep 22 | ITC
4%₹25 Cr585,000
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Jul 18 | ULTRACEMCO
4%₹24 Cr32,250
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT
3%₹22 Cr91,500
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR
3%₹19 Cr79,100
State Bank of India (Financial Services)
Equity, Since 31 Mar 22 | SBIN
3%₹18 Cr309,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL
2%₹15 Cr182,066

Therefore, in a nutshell, it can be said that both the schemes belong to the same category of equity fund but they have numerous differences. Resultantly, individuals should be careful before choosing any of the schemes for investment. They should understand the modalities of the scheme thoroughly and check whether the scheme suits their investment objective or not. This will help them to attain their objectives on time and in a hassle-free manner.

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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