DSP ELSS Tax Saver Fund - Regular Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : ELSS

Portfolio Turnover Ratio : 35.00%. Category average turnover ratio is 246.69%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 99.09% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.09%

No of Stocks : 63 (Category Avg - 54.22) | Large Cap Investments : 60.13%| Mid Cap Investments : 15.8% | Small Cap Investments : 2.95% | Other : 20.21%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	63	54.18
Top 5 Stock Weight	31.11%	27.76%
Top 10 Stock Weight	45.14%	44.26%
Top 3 Sector Weight	38.53%	32.45%

Category - ELSS

Particulars	This Scheme	Category
Average mcap (Cr)	126883.38	96175.31
Holdings in large cap stocks	60.13%	39.46%
Holdings in mid cap stocks	15.8%	11.43%
Holdings in small cap stocks	2.95%	16.45%

Category - ELSS

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Axis Bank Ltd.	Private sector bank	12260.9	6.98%	0.87%	6.98% (Nov 2025)	3.84% (Dec 2024)	95.81 L	10.41 L
HDFC Bank Ltd.	Private sector bank	11689.6	6.65%	0.26%	8.52% (Feb 2025)	6.34% (Sep 2025)	1.16 Cr	4.38 L
State Bank Of India	Public sector bank	10423.9	5.93%	-0.59%	7.2% (Sep 2025)	3.41% (Dec 2024)	1.06 Cr	-0.14 Cr
Infosys Ltd.	Computers - software & consulting	10325.1	5.88%	-0.60%	6.48% (Sep 2025)	2.4% (Apr 2025)	66.18 L	-9.13 L
ICICI Bank Ltd.	Private sector bank	9956.7	5.67%	0.33%	6.38% (Jul 2025)	5.34% (Oct 2025)	71.69 L	3.21 L
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	5648.5	3.21%	-0.19%	3.4% (Oct 2025)	2.41% (Dec 2024)	26.88 L	-1.61 L
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	5293.7	3.01%	-0.07%	3.08% (Oct 2025)	1.9% (Mar 2025)	14.09 L	-1.16 L
Kotak Mahindra Bank Ltd.	Private sector bank	5255	2.99%	-0.03%	3.65% (Mar 2025)	2.4% (Jul 2025)	24.74 L	0.00
Larsen & Toubro Ltd.	Civil construction	4346.6	2.47%	-0.03%	2.66% (Jan 2025)	2.14% (Apr 2025)	10.68 L	0.00
Motherson Sumi Systems Ltd.	Auto components & equipments	4134.8	2.35%	0.26%	2.35% (Nov 2025)	1.59% (Feb 2025)	3.55 Cr	13.35 L

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
Axis Bank Ltd.	Private sector bank	22.29	12260.9	6.98%	0.87%	6.98% (Nov 2025)	3.84% (Dec 2024)	95.81 L	10.41 L	Large Cap	60.13
HDFC Bank Ltd.	Private sector bank	22.29	11689.6	6.65%	0.26%	8.52% (Feb 2025)	6.34% (Sep 2025)	1.16 Cr	4.38 L	Other	20.21
State Bank Of India	Public sector bank	5.93	10423.9	5.93%	-0.59%	7.2% (Sep 2025)	3.41% (Dec 2024)	1.06 Cr	-0.14 Cr	Large Cap	60.13
Infosys Ltd.	Computers - software & consulting	9.63	10325.1	5.88%	-0.60%	6.48% (Sep 2025)	2.4% (Apr 2025)	66.18 L	-9.13 L	Large Cap	60.13
ICICI Bank Ltd.	Private sector bank	22.29	9956.7	5.67%	0.33%	6.38% (Jul 2025)	5.34% (Oct 2025)	71.69 L	3.21 L	Large Cap	60.13
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	3.48	5648.5	3.21%	-0.19%	3.4% (Oct 2025)	2.41% (Dec 2024)	26.88 L	-1.61 L	Large Cap	60.13
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.01	5293.7	3.01%	-0.07%	3.08% (Oct 2025)	1.9% (Mar 2025)	14.09 L	-1.16 L	Large Cap	60.13
Kotak Mahindra Bank Ltd.	Private sector bank	22.29	5255	2.99%	-0.03%	3.65% (Mar 2025)	2.4% (Jul 2025)	24.74 L	0.00	Large Cap	60.13
Larsen & Toubro Ltd.	Civil construction	3.21	4346.6	2.47%	-0.03%	2.66% (Jan 2025)	2.14% (Apr 2025)	10.68 L	0.00	Large Cap	60.13
Motherson Sumi Systems Ltd.	Auto components & equipments	3.68	4134.8	2.35%	0.26%	2.35% (Nov 2025)	1.59% (Feb 2025)	3.55 Cr	13.35 L	Large Cap	60.13
Hindustan Unilever Ltd.	Diversified fmcg	3.4	3688.4	2.10%	-0.04%	2.41% (Aug 2025)	1.97% (Jun 2025)	14.95 L	0.00	Large Cap	60.13
Coforge Ltd.	Computers - software & consulting	9.63	3511	2.00%	0.10%	2% (Nov 2025)	1.4% (Apr 2025)	18.39 L	0.00	Other	20.21
Shriram Finance Ltd.	Non banking financial company (nbfc)	4.01	3373.4	1.92%	0.20%	1.92% (Nov 2025)	0.46% (Aug 2025)	39.61 L	0.00	Other	20.21
Bharat Petroleum Corporation Ltd.	Refineries & marketing	3.05	3367.4	1.92%	-0.21%	2.32% (Jul 2025)	1.34% (Feb 2025)	93.77 L	-9.33 L	Large Cap	60.13
Max Financial Services Ltd.	Life insurance	3.05	3119.3	1.78%	0.14%	1.88% (Apr 2025)	1.1% (Feb 2025)	18.33 L	0.00	Mid Cap	15.8
Tata Consultancy Services Ltd.	Computers - software & consulting	9.63	3081.8	1.75%	0.75%	1.75% (Nov 2025)	0% (Dec 2024)	9.82 L	4.16 L	Large Cap	60.13
Cipla Ltd.	Pharmaceuticals	6.61	2869.2	1.63%	-0.12%	2.43% (Aug 2025)	1.63% (Nov 2025)	18.74 L	-1.35 L	Large Cap	60.13
National Thermal Power Corporation Ltd.	Power generation	1.6	2806.6	1.60%	-0.26%	2.15% (Mar 2025)	1.6% (Nov 2025)	85.97 L	-9.11 L	Large Cap	60.13
Indus Towers Ltd.	Telecom - infrastructure	1.54	2704.1	1.54%	0.12%	1.98% (Apr 2025)	1.38% (Sep 2025)	67.43 L	0.00	Large Cap	60.13
Ipca Laboratories Ltd.	Pharmaceuticals	6.61	2699	1.54%	0.17%	1.88% (Dec 2024)	1.37% (Oct 2025)	18.57 L	0.00	Other	20.21
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	6.61	2556.8	1.46%	0.29%	1.46% (Nov 2025)	0.89% (Sep 2025)	13.96 L	2.01 L	Large Cap	60.13
Au Small Finance Bank Ltd.	Other bank	1.45	2547.2	1.45%	0.09%	1.52% (Jun 2025)	1.15% (Dec 2024)	26.66 L	0.00	Mid Cap	15.8
GAIL (India) Ltd.	Gas transmission/marketing	2.02	2505.2	1.43%	-0.08%	1.51% (Oct 2025)	1.11% (Feb 2025)	1.42 Cr	0.00	Large Cap	60.13
Syngene International Ltd.	Healthcare research, analytics & technology	1.38	2423.3	1.38%	-0.03%	1.57% (Jul 2025)	0% (Dec 2024)	37.38 L	0.00	Mid Cap	15.8
Emami Ltd.	Personal care	1.31	2305.1	1.31%	-0.04%	1.63% (Apr 2025)	1.31% (Nov 2025)	43.45 L	0.00	Mid Cap	15.8
ITC Limited	Diversified fmcg	3.4	2288.3	1.30%	-0.08%	1.45% (Apr 2025)	1.29% (Dec 2024)	56.61 L	0.00	Large Cap	60.13
Oil India Ltd.	Oil exploration & production	1.3	2286.4	1.30%	-0.09%	1.39% (Oct 2025)	1.02% (Feb 2025)	55.33 L	0.00	Mid Cap	15.8
SBI Life Insurance Co Ltd.	Life insurance	3.05	2229.5	1.27%	-0.21%	1.64% (May 2025)	1.18% (Dec 2024)	11.34 L	-1.73 L	Large Cap	60.13
Fortis Healthcare Ltd.	Hospital	1.17	2062.5	1.17%	-0.17%	1.34% (Oct 2025)	0.7% (Jan 2025)	22.44 L	-0.13 L	Other	20.21
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	3.05	1989	1.13%	-0.07%	1.6% (Mar 2025)	0.96% (Aug 2025)	43.48 L	0.00	Large Cap	60.13
Tata Capital Ltd.	Non banking financial company (nbfc)	4.01	1947.2	1.11%	0.61%	1.11% (Nov 2025)	0% (Dec 2024)	59.38 L	33.18 L	Other	20.21
Suven Pharmaceuticals Ltd.	Pharmaceuticals	6.61	1854.2	1.06%	-0.38%	1.94% (Feb 2025)	1.02% (Aug 2025)	32.85 L	0.00	Other	20.21
Asian Paints (india) Ltd.	Paints	1.02	1792.9	1.02%	0.11%	1.02% (Nov 2025)	0.83% (May 2025)	6.24 L	0.00	Large Cap	60.13
Power Finance Corporation Ltd.	Financial institution	1	1761.4	1.00%	-0.64%	1.79% (Mar 2025)	1% (Nov 2025)	48.56 L	-0.21 Cr	Mid Cap	15.8
Ultratech Cement Ltd.	Cement & cement products	1.5	1753.5	1.00%	-0.05%	1.16% (Aug 2025)	0.82% (May 2025)	1.51 L	0.00	Large Cap	60.13
Petronet LNG Ltd.	Lpg/cng/png/lng supplier	0.99	1746.3	0.99%	0.21%	0.99% (Nov 2025)	0% (Dec 2024)	64.24 L	16.38 L	Large Cap	60.13
Jindal Steel Ltd.	Iron & steel products	0.99	1746.2	0.99%	-0.04%	1.26% (Sep 2025)	0.75% (Jan 2025)	16.72 L	0.00	Mid Cap	15.8
Century Plyboards India Ltd.	Plywood boards/ laminates	0.9	1575.9	0.90%	0.04%	0.99% (Jan 2025)	0.83% (Apr 2025)	19.68 L	0.00	Small Cap	2.95
Hindalco Industries Ltd.	Aluminium	0.89	1569.2	0.89%	-0.06%	1.5% (Feb 2025)	0.89% (Nov 2025)	19.41 L	0.00	Large Cap	60.13
Coromandel International Ltd.	Fertilizers	0.89	1555.8	0.89%	0.09%	1.04% (Jul 2025)	0.8% (Oct 2025)	6.53 L	0.00	Mid Cap	15.8
Vardhman Textiles Ltd.	Other textile products	0.82	1438.5	0.82%	-0.01%	1.15% (Dec 2024)	0.81% (Sep 2025)	32.91 L	0.00	Other	20.21
Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.8	1411.9	0.80%	-0.07%	1.31% (Mar 2025)	0.8% (Nov 2025)	53.21 L	0.00	Mid Cap	15.8
TML Commercial Vehicles Ltd.	Commercial vehicles	0.79	1388.4	0.79%	0.37%	0.79% (Nov 2025)	0% (Dec 2024)	39.44 L	11.94 L	Other	20.21
Bharat Forge Ltd.	Castings & forgings	0.77	1353.3	0.77%	0.04%	0.88% (Dec 2024)	0.63% (Aug 2025)	9.44 L	0.00	Mid Cap	15.8
Alembic Pharmaceuticals Ltd.	Pharmaceuticals	6.61	1301.7	0.74%	-0.01%	0.86% (Jun 2025)	0.71% (Feb 2025)	14.35 L	0.00	Mid Cap	15.8
Niva Bupa Health Insurance Company Ltd.	General insurance	0.74	1295.8	0.74%	-0.02%	0.9% (Jul 2025)	0% (Dec 2024)	1.74 Cr	0.00	Other	20.21
Sansera Engineering Ltd.	Auto components & equipments	3.68	1259.9	0.72%	0.08%	0.72% (Nov 2025)	0.42% (Apr 2025)	7.20 L	-0.12 L	Other	20.21
Gujarat Fluorochemicals Ltd.	Specialty chemicals	1.23	1224.8	0.70%	-0.08%	0.92% (Dec 2024)	0.7% (Nov 2025)	3.58 L	0.00	Other	20.21
Ahluwalia Contracts (India) Ltd.	Civil construction	3.21	1141.5	0.65%	0.02%	0.71% (Dec 2024)	0.49% (Feb 2025)	11.47 L	0.00	Small Cap	2.95
PNB Housing Finance Ltd.	Housing finance company	0.63	1111.5	0.63%	-0.03%	0.91% (Jan 2025)	0.56% (Aug 2025)	12.28 L	0.00	Mid Cap	15.8
KEC International Ltd.	Heavy electrical equipment	0.62	1090.2	0.62%	-0.13%	1.16% (Dec 2024)	0.62% (Nov 2025)	15.90 L	0.00	Small Cap	2.95
Container Corporation Of India Ltd.	Logistics solution provider	0.61	1074.5	0.61%	-0.05%	0.78% (May 2025)	0.61% (Nov 2025)	21.02 L	0.00	Large Cap	60.13
Exide Industries Ltd.	Auto components & equipments	3.68	1066.7	0.61%	-0.22%	0.9% (Aug 2025)	0.61% (Nov 2025)	28.46 L	-8.92 L	Mid Cap	15.8
Gujarat State Petronet Ltd.	Gas transmission/marketing	2.02	1035.1	0.59%	-0.06%	0.77% (Dec 2024)	0.59% (Nov 2025)	36.00 L	0.00	Mid Cap	15.8
- Atul Ltd.	Specialty chemicals	1.23	928.1	0.53%	0.00%	0.73% (Jun 2025)	0.53% (Oct 2025)	1.58 L	31.00	Mid Cap	15.8
Manappuram Finance Ltd.	Non banking financial company (nbfc)	4.01	926.6	0.53%	0.02%	0.55% (Sep 2025)	0% (Dec 2024)	32.52 L	0.00	Mid Cap	15.8
Associated Cement Companies Ltd.	Cement & cement products	1.5	876.8	0.50%	-0.23%	0.83% (Jan 2025)	0.5% (Nov 2025)	4.74 L	-1.91 L	Mid Cap	15.8
GHCL Ltd.	Commodity chemicals	0.47	832.3	0.47%	-0.07%	0.66% (Jan 2025)	0.47% (Nov 2025)	14.47 L	0.00	Small Cap	2.95
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	4.01	792.7	0.45%	-0.01%	1.36% (Feb 2025)	0.43% (Jul 2025)	9.01 L	0.00	Other	20.21
Finolex Cables Ltd.	Cables - electricals	0.31	550.9	0.31%	-0.03%	0.52% (Dec 2024)	0.31% (Nov 2025)	7.35 L	0.00	Small Cap	2.95
- Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	3.48	474.1	0.27%	0.00%	0.27% (Oct 2025)	0.21% (Dec 2024)	2.98 L	0.00	Other	20.21
Laurus Labs Ltd.	Pharmaceuticals	6.61	317.1	0.18%	-0.23%	0.87% (Jan 2025)	0.18% (Nov 2025)	3.07 L	-4.41 L	Other	20.21
- G R Infraprojects Ltd.	Civil construction	3.21	150.2	0.09%	0.00%	0.43% (Dec 2024)	0.09% (Oct 2025)	1.40 L	0.00	Other	20.21

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
HDFC Bank Ltd.	6.65%	6.39%	6.34%	6.96%	7.16%	6.92%	7.40%	7.47%	7.28%	8.52%	7.83%	8.12%	9.45%
ICICI Bank Ltd.	5.67%	5.34%	5.51%	6.21%	6.38%	6.07%	6.23%	6.28%	6.08%	6.12%	6.22%	6.38%	7.16%
State Bank Of India	5.93%	6.52%	7.20%	6.73%	6.12%	6.00%	5.40%	4.70%	4.23%	3.86%	4.06%	3.41%	3.92%
Axis Bank Ltd.	6.98%	6.11%	5.38%	5.05%	5.01%	5.48%	4.47%	5.00%	4.99%	4.98%	4.19%	3.84%	3.46%
Infosys Ltd.	5.88%	6.48%	6.48%	5.98%	4.57%	4.48%	2.89%	2.40%	2.58%	3.00%	3.95%	3.80%	3.71%
Kotak Mahindra Bank Ltd.	2.99%	3.02%	3.41%	2.95%	2.40%	2.56%	2.52%	3.12%	3.65%	3.47%	3.25%	3.37%	2.93%
Bharti Airtel Ltd.	3.21%	3.40%	2.95%	3.02%	2.97%	3.04%	2.88%	3.25%	2.91%	2.64%	2.56%	2.41%	2.17%
Mahindra & Mahindra Ltd.	3.01%	3.08%	2.87%	2.50%	2.43%	2.32%	2.23%	2.24%	1.90%	1.99%	2.39%	2.68%	2.61%
Larsen & Toubro Ltd.	2.47%	2.50%	2.33%	2.33%	2.29%	2.25%	2.31%	2.14%	2.57%	2.52%	2.66%	2.29%	2.37%
Hindustan Unilever Ltd.	2.10%	2.14%	2.24%	2.41%	2.22%	1.97%	2.07%	2.10%	2.08%	2.19%	2.31%	2.09%	2.22%
Cipla Ltd.	1.63%	1.75%	2.11%	2.43%	2.30%	2.17%	2.17%	2.34%	2.24%	2.26%	2.23%	2.12%	1.16%
HCL Technologies Limited	-	-	-	1.06%	1.04%	1.46%	2.13%	1.99%	2.23%	2.39%	2.45%	2.62%	2.49%
National Thermal Power Corporation Ltd.	1.60%	1.86%	1.93%	1.89%	1.87%	1.83%	1.87%	2.08%	2.15%	2.02%	1.97%	1.85%	1.92%
Motherson Sumi Systems Ltd.	2.35%	2.09%	2.16%	1.93%	1.96%	2.03%	2.06%	1.83%	1.62%	1.59%	1.67%	1.77%	1.75%
Bharat Petroleum Corporation Ltd.	1.92%	2.13%	2.25%	2.30%	2.32%	2.03%	1.90%	1.83%	1.68%	1.34%	1.35%	1.46%	1.41%