fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

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 September 28, 2022 , 396 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
₹80.166 ↑ 1.14   (1.44 %)
₹10,219 on 31 Aug 22
18 Jan 07
Equity
ELSS
12
Moderately High
1.8
-0.08
-0.06
-4.33
Not Available
NIL
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
₹57.0115 ↑ 0.94   (1.67 %)
₹701 on 31 Aug 22
5 Jan 06
Equity
ELSS
22
Moderately High
2.41
-0.22
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
-2.2%
10%
0.1%
-1.6%
17.6%
12.6%
14.2%
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
-2.8%
9.5%
-3%
-4.9%
12.8%
9.5%
11%

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

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 Performance2021
2020
2019
2018
2017
DSP BlackRock Tax Saver Fund
Growth
Fund Details
35.1%
15%
14.8%
-7.6%
36.3%
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
23.6%
17.8%
14.3%
-9.3%
42.3%

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 - 7.13 Yr.
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
₹500
₹500
Sanjay Chawla - 0.47 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
30 Sep 17₹10,000
30 Sep 18₹9,922
30 Sep 19₹11,121
30 Sep 20₹10,806
30 Sep 21₹18,374
Growth of 10,000 investment over the years.
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
DateValue
30 Sep 17₹10,000
30 Sep 18₹9,642
30 Sep 19₹10,985
30 Sep 20₹11,110
30 Sep 21₹16,577

Detailed portfolio Comparison

Asset Allocation
DSP BlackRock Tax Saver Fund
Growth
Fund Details
Asset ClassValue
Cash2.64%
Equity97.36%
Equity Sector Allocation
SectorValue
Financial Services37.48%
Consumer Cyclical13.84%
Technology10.14%
Basic Materials8.5%
Industrials7.25%
Health Care7.11%
Utility4.95%
Energy3%
Consumer Defensive2.82%
Communication Services2.28%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
9%₹964 Cr10,864,941
↓ -838,646
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
9%₹902 Cr6,069,652
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
7%₹669 Cr4,479,920
↑ 149,918
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹453 Cr6,033,445
↓ -547,411
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
4%₹417 Cr7,844,911
↓ -2,905,190
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 20 | 540719
3%₹336 Cr2,527,484
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 20 | SUNPHARMA
3%₹265 Cr2,968,262
↑ 128,078
NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | 532555
2%₹242 Cr14,736,246
↓ -2,345,783
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M
2%₹229 Cr1,750,114
↓ -162,688
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 21 | 543066
2%₹229 Cr2,480,871
Asset Allocation
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
Asset ClassValue
Cash3.63%
Equity96.37%
Equity Sector Allocation
SectorValue
Financial Services34.35%
Industrials11.38%
Technology11.06%
Consumer Cyclical10.98%
Energy6.67%
Consumer Defensive6.15%
Health Care5.35%
Communication Services4.07%
Basic Materials3.56%
Real Estate2.16%
Utility0.65%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK
9%₹61 Cr684,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
9%₹60 Cr405,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE
7%₹47 Cr177,000
↓ -15,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY
6%₹42 Cr284,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC
3%₹20 Cr80,000
State Bank of India (Financial Services)
Equity, Since 31 Mar 22 | SBIN
3%₹19 Cr350,000
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 500696
3%₹18 Cr68,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT
3%₹18 Cr91,500
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 21 | SUNPHARMA
2%₹17 Cr190,000
Brigade Enterprises Ltd (Real Estate)
Equity, Since 28 Feb 21 | 532929
2%₹15 Cr295,000

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.
How helpful was this page ?
Rated 5, based on 1 reviews.
POST A COMMENT