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 23, 2020 , 146 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
₹47.105 ↑ 1.14   (2.49 %)
₹6,298 on 31 Aug 20
18 Jan 07
Equity
ELSS
12
Moderately High
2.11
0.15
-0.22
-0.86
Not Available
NIL
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
₹39.581 ↑ 0.87   (2.26 %)
₹457 on 31 Aug 20
5 Jan 06
Equity
ELSS
22
Moderately High
2.41
0.25
-0.07
2.89
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%
5.5%
32.8%
-4.1%
2.1%
8.4%
12%
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
-3.9%
7.1%
25.5%
0.6%
3.1%
6.4%
9.8%

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 Performance2019
2018
2017
2016
2015
DSP BlackRock Tax Saver Fund
Growth
Fund Details
14.8%
-7.6%
36.3%
11.3%
4.4%
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
14.3%
-9.3%
42.3%
-6.6%
7.7%

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 - 5.13 Yr.
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
₹500
₹500
Abhijeet Dey - 3.79 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 Aug 15₹10,000
31 Aug 16₹11,971
31 Aug 17₹14,047
31 Aug 18₹15,263
31 Aug 19₹14,684
31 Aug 20₹15,327
Growth of 10,000 investment over the years.
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
DateValue
31 Aug 15₹10,000
31 Aug 16₹10,783
31 Aug 17₹12,301
31 Aug 18₹12,984
31 Aug 19₹12,728
31 Aug 20₹13,780

Detailed portfolio Comparison

Asset Allocation
DSP BlackRock Tax Saver Fund
Growth
Fund Details
Asset ClassValue
Cash1.18%
Equity98.82%
Equity Sector Allocation
SectorValue
Financial Services35.41%
Basic Materials10.26%
Health Care8.96%
Communication Services8.47%
Technology6.84%
Consumer Cyclical6.75%
Industrials6.56%
Energy5.99%
Consumer Defensive5.68%
Utility3.72%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
10%₹624 Cr15,821,782
↑ 2,874,235
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
9%₹580 Cr5,202,045
↑ 759,834
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
8%₹533 Cr10,396,459
↑ 1,484,484
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
6%₹377 Cr4,056,857
↑ 644,442
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
4%₹279 Cr13,160,862
↑ 3,682,309
Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE
3%₹207 Cr996,178
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 20 | HDFC
3%₹169 Cr923,362
↑ 923,362
Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | 500124
2%₹130 Cr303,661
↑ 108,586
NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | 532555
2%₹129 Cr13,424,078
↑ 1,437,011
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO
2%₹127 Cr326,437
Asset Allocation
BNP Paribas Long Term Equity Fund (ELSS)
Growth
Fund Details
Asset ClassValue
Cash2.4%
Equity97.6%
Equity Sector Allocation
SectorValue
Financial Services32.07%
Technology15.09%
Consumer Defensive10.55%
Communication Services7.26%
Health Care6.41%
Basic Materials6.37%
Industrials5.25%
Consumer Cyclical5.23%
Energy5.01%
Utility3.52%
Real Estate0.83%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY
8%₹39 Cr415,000
↓ -10,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
7%₹33 Cr295,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK
6%₹28 Cr698,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE
5%₹23 Cr110,000
↓ -15,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 18 | TCS
5%₹21 Cr92,500
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹20 Cr405,000
↑ 50,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL
4%₹19 Cr375,950
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 500696
3%₹13 Cr61,923
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC
3%₹13 Cr70,000
Voltas Ltd (Industrials)
Equity, Since 31 Oct 18 | VOLTAS
3%₹12 Cr190,000

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