ELSS Mutual Funds: Is DSP Tax Saver Plan Worth Considering?

With the financial year drawing to a close, everybody is getting busy meeting the deadlines for submitting their tax declaration to their employer.  If you are planning to invest in a tax-saving mutual fund, you could consider an equity-linked savings scheme (ELSS). That said, choosing the right one is important as ELSS come with a lock-in period of three years. DSP Tax Saver is one of those ELSS funds that you could consider for your tax-saving and investment purpose. Portfolio It is well diversified with average 55-60 stocks across sectors and market caps, with the top five accounting for around 33 per cent of the portfolio. Currently, it has the highest exposure in the banking sector, around 30 per cent, as this sector is likely to do well in the future. Performance The fund invests across all sectors and market capitalisation. It takes a fair exposure in mid- and small-cap...