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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 November 15, 2019 , 85 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
₹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
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
₹40.577 ↑ 0.01   (0.01 %)
₹471 on 30 Sep 19
5 Jan 06
Equity
ELSS
22
Moderately High
2.75
0.87
-0.31
8.84
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
3.6%
9.1%
10.7%
15.3%
12.1%
10.8%
13.5%
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
3.5%
8.4%
11.8%
15.7%
12.5%
8.3%
10.6%

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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 Performance2018
2017
2016
2015
2014
DSP BlackRock Tax Saver Fund
Growth
Fund Details
-7.6%
36.3%
11.3%
4.4%
52.2%
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
-9.3%
42.3%
-6.6%
7.7%
53%

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 - 3.55 Yr.
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
₹500
₹500
Abhijeet Dey - 2.87 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 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
Growth of 10,000 investment over the years.
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,022
31 Oct 16₹11,765
31 Oct 17₹14,374
31 Oct 18₹12,715
31 Oct 19₹15,113

Detailed portfolio Comparison

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
Asset Allocation
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
Asset ClassValue
Cash4.91%
Equity95.09%
Equity Sector Allocation
SectorValue
Financial Services36.23%
Industrials13.3%
Basic Materials9.54%
Technology9.17%
Consumer Cyclical8.95%
Utility5.89%
Consumer Defensive5.35%
Energy3.61%
Health Care2.43%
Communication Services1.95%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
9%₹44 Cr360,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK
7%₹34 Cr788,000
↓ -112,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY
6%₹26 Cr325,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹20 Cr297,141
↑ 40,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE
4%₹17 Cr127,500
↓ -7,500
Siemens Ltd (Industrials)
Equity, Since 30 Nov 18 | 500550
4%₹17 Cr110,000
↑ 25,000
Net Receivables / (Payables)
Net Current Assets | -
3%₹14 Cr
Sundaram Finance Ltd (Financial Services)
Equity, Since 31 Dec 18 | SUNDARMFIN
3%₹14 Cr85,000
Asian Paints Ltd (Basic Materials)
Equity, Since 31 Oct 14 | 500820
3%₹14 Cr77,500
Havells India Ltd (Industrials)
Equity, Since 31 Jul 18 | 517354
3%₹13 Cr180,000
↑ 20,000

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.
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