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DSPBR Tax Saver

Discussion in 'Portfolio Updates' started by shabbir, Oct 5, 2016.

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  1. shabbir

    shabbir Administrator Staff Member

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    I selected DSPBR Tax Saver Fund for tax saving this year. The process I followed to select this fund was to choose from all the 5 star rated funds by ValueResearchOnline and go with the fund that has midcap as benchmark Index.

    Screen Shot 2016-10-01 at 6.15.55 PM.png
    • Axis Long Term Equity Fund has benchmark BSE 200
    • Birla Sun Life Tax Plan has benchmark BSE Sensex
    • Birla Sun Life Tax Relief 96 has benchmark BSE 200
    • IDBI Equity Advantage Fund has benchmark BSE 200
    • Tata India Tax Savings Fund has benchmark BSE Sensex
    Whereas DSPBR Tax Saving has benchmark Nifty 500 which according to me will outperform BSE 100 / BSE 200 and Sensex going forward.

    I have invested 30k as of now and have plans to continue at the current rate for the next 5 months.

    I am still waiting for the confirmation of order being executed and once done will upload the transaction details for reference.

    Just FYI that I have selected the Dividend Option
     
    Last edited: Oct 5, 2016
    shabbir, Oct 5, 2016
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  2. nirajshah

    nirajshah Champion

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    This is awesome. I learn so much from you abd thanks once again for suggesting to look at the fund benchmarks as well

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    nirajshah, Oct 5, 2016
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  3. shabbir

    shabbir Administrator Staff Member

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    Glad you liked it. :D
     
    shabbir, Oct 5, 2016
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  4. Suresh_Sinha

    Suresh_Sinha Active Member

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    You have selected growth or dividend? I assume dividend
     
    Suresh_Sinha, Oct 5, 2016
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  5. shabbir

    shabbir Administrator Staff Member

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    Yes Dividend and have updated the post as well.
     
    shabbir, Oct 5, 2016
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  6. ganesh_devkar

    ganesh_devkar Member

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    Thanks for the information Shabbir. Want to know if the investment made under these type of funds is calculated under 80C or some other section for tax saving.

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    ganesh_devkar, Oct 5, 2016
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  7. shabbir

    shabbir Administrator Staff Member

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    Yes 80C or whatever that number is for 1.5L per year of tax saving investment.
     
    shabbir, Oct 5, 2016
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  8. amitvidhate

    amitvidhate Member

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    One thing I would like to appreciate is you give very transparent information with proof and investors like us who are in the beginning phase use that for starting point of the analysis which turns very good knowledge and beneficial for us. Once again thanks a lot.

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    amitvidhate, Oct 5, 2016
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  9. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Oct 5, 2016
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  10. shabbir

    shabbir Administrator Staff Member

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    Trade executed and notes attached.
     

    Attached Files:

    shabbir, Oct 6, 2016
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  11. rrjain319

    rrjain319 Member

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    Hello,

    Thanks for the same, I was comparing between Regular and Direct Plan (Dividend Option). I see that dividends are regularly declared in "Regular Plan" but not in "Direct Plan". Is there any specific reason.

    DSP BlackRock Tax Saver Fund

    Direct Plan Dividend: --> NAV Rs 28.363
    Regular Plan Dividend: --> NAV Rs 16.555

    Regards,
    RJ
     
    rrjain319, Oct 6, 2016
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  12. shabbir

    shabbir Administrator Staff Member

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    Very strange thing which I also did not take a note of and have no idea why it is behaving like that.
     
    shabbir, Oct 6, 2016
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  13. rrjain319

    rrjain319 Member

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    I tried searching on Net to find out reason why? Mainly because of rule change by SEBI i.e. dividends can only be paid from realised gains..

    Sharing the Article for everyone's reference..

    http://www.business-standard.com/article/pf/no-dividends-in-your-direct-plan-114040800542_1.html

    http://www.livemint.com/Money/m7cfH...ay-not-declare-dividends-but-regular-pla.html

    Regards,
    RJ
     
    rrjain319, Oct 6, 2016
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  14. nirajshah

    nirajshah Champion

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    Thanks for sharing.

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Oct 6, 2016
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  15. shabbir

    shabbir Administrator Staff Member

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    shabbir, Oct 6, 2016
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