Capitalize on Saving Tax by Investing in DSP BlackRock Tax Saver Fund

Are you willing to spare some portion of your hard-earned income to pay huge volume of tax? Well, obviously not. Like other taxpayers, you also must be finding avenues to save maximum tax provided you must be aware of the right sources of doing so. One such avenue is you can look for the mutual fund's category by opting for DSP BlackRock Tax Saver Fund. 

Look for investment objective of the fund which is focussed towards generating medium to long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities of corporates. This fund also permits the investor to claim a deduction of upto ₹1.50 lakhs under the Income Tax Act, 1961.

DSP BlackRock mutual Fund comes under equity regular growth fund whose benchmark is set at  NIFTY 500. Moreover, the time horizon is for 3 -year lock in period which constantly strives for capital growth in the longer run. This fund has incepted since January 18, 2007, i.e. now having 10 years 7 months of existence in the market. 

The fund is managed by Rohit Singhania and is categorized into Moderately High-Risk fund. DSP BlackRock Tax Saver Fund has recorded its Cumulative Average Growth Rate(CAGR) since the inception of 15.22% returns which reflects the positive growth of the fund throughout the years.

DSP Tax Saver Fund Online Investment

So, you have prepared your mind to finally invest in DSP BlackRock Tax Saver Fund. Before that, you should know the modes of investing in such prestigious fund. The minimum investment you can start with making as low as ₹500 through SIP(Systematic Investment Plan) and can continue your installments for 6 months with the same ₹500. 

Also, you have the right to purchase additional units if you think the fund is keeping up your expectations i.e. you can even buy additional units as low as ₹500. The good news is that while seeking redemption you don't have to incur exit load.

To invest online in DSP Tax Saver Fund, provide your Permanent Account Number(PAN) details and date of birth on the portal of DSP BlackRock Tax Saver Fund by clicking on the relative tab “ Invest in the Scheme”. Do note if you are investing in “HUF(Hindu Undivided Category)”, you need to provide the date of incorporation of HUF that is mentioned in the KYC form. Once your details get verified, create your username and password to start investing.

DSP Black rock tax saver fund returns

The annualized performance returns for 1-year, 3-years and 5-years period recorded as on 31st August, 2017 are as follows:

1-year Returns : 17.35%

3-year Returns : 16.66%

5-Year Returns : 22.55%

DSP Black rock tax saver fund returns Calculator

Do you wish to know the value of your investment in DSP Blackrock tax saver fund? Examine it suitably by using the DSP Blackrock tax saver fund returns Calculator. This calculator will help you to assess the current value,  absolute and CAGR/XIRR returns of your investment which you have made through several modes like lumpsum, SIP, SWP or STP. The following details are required in your calculator:

• Select your investment mode in the calculator such as SIP, Lump sum, SIP with Initial Investment, SWP, STP

• Select the category of your fund such as Equity, Fund of Funds, Gilt, Hybrid, Fixed Income. Select “equity” for DSP Black rock tax saver fund.

• Select DSP Blackrock tax saver fund from scheme name list

• Enter your Investment amount in INR

• Select your frequency of investment whether you want to invest monthly or quarterly.

• Select your SIP date from the relative fields such as 1st, 7th,14th ,21st, 28th for investing in DSP Blackrock tax saver fund.

• Enter your “start date” until “final date” for the periods you wish to remain invested in DSP Blackrock tax saver fund.

Once you enter the above-mentioned details, click on the Calculate button to know how much returns you are going to accumulate within your specified duration.

DSP blackrock tax saver fund account statement

Want to track your regular investment to see where they are heading to? You can do so easily by registering your email ID and password on the portal of DSP BlackRock Mutual Fund. Once done, then you will start getting your Account Statement directly on your email ID.

By having access to your DSP BlackRock Tax Saver Fund account statement you will be able to ascertain various transaction activities which you have done within your stay i.e. you can know your date of purchasing the tax saver fund, when you have made redemption or switch from another scheme to tax saver fund, determine the number of units you want to hold and mode of your payment during your transaction.

For obtaining your DSP BlackRock tax saver fund monthly statement, you have to provide your Folio number which contains the last five transaction details through which you can instantly see your account summary. So, don't miss the track on any of your investment details. Start now!

Disclaimer - Mutual Funds are subject to market risks. Please read the scheme related documents carefully before investing.