DSP ELSS Tax Saver Fund

DSP Mutual FundEquityPortfolio as of 31 July 2026

DSP ELSS Tax Saver Fund holds 60 instruments (97.48% equity), led by ICICI Bank Limited (9.8%), HDFC Bank Limited (8.82%) and Axis Bank Limited (7.19%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

97.48%

AMC

DSP Mutual Fund

Portfolio Analysis

DSP ELSS Tax Saver Fund's top 10 holdings account for 47.7% of its portfolio, more concentrated than the Equity category average of 37.5%. Financial Services is its largest sector exposure at 44.3% of net assets, spread across 11 sectors in total. Since its 30 June 2026 disclosure, the fund added 3 new positions and exited 3 positions, with Axis Bank Limited seeing the largest move (-0.75pp to 7.19%).

Top 10 Equity Holdings

ICICI Bank Limited · 9.8%HDFC Bank Limited · 8.82%Axis Bank Limited · 7.19%State Bank of India · 5.33%Bharti Airtel Limited · 3.52%Kotak Mahindra Bank Limited · 3.39%Reliance Industries Limited · 2.66%Mahindra & Mahindra Limited · 2.61%Infosys Limited · 2.41%Cipla Limited · 1.97%

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

3 new entries3 exits10 increased8 reduced

New Entries

Maruti Suzuki India Limited · 1.04%Alkem Laboratories Limited · 0.22%GSPL Transmission Limited · 0.08%

Complete Exits

Exide Industries Limited · was 0.18%Niva Bupa Health Insurance Company Limited · was 0.14%Sansera Engineering Limited · was 0.05%

Biggest Weight Increases

Stock	Weight	Change
Reliance Industries Limited	2.15% → 2.66%	▲ +0.51
State Bank of India	4.95% → 5.33%	▲ +0.38
Infosys Limited	2.15% → 2.41%	▲ +0.26
Mahindra & Mahindra Limited	2.38% → 2.61%	▲ +0.23
Tata Consultancy Services Limited	1.4% → 1.62%	▲ +0.22
Coforge Limited	1.32% → 1.54%	▲ +0.22
Max Financial Services Limited	1.75% → 1.94%	▲ +0.19
ETERNAL LIMITED	1.42% → 1.6%	▲ +0.18
Bharti Airtel Limited	3.34% → 3.52%	▲ +0.18
SBI Life Insurance Company Limited	1.36% → 1.54%	▲ +0.18

Biggest Weight Reductions

Stock	Weight	Change
Axis Bank Limited	7.94% → 7.19%	▼ -0.75
HDFC Bank Limited	9.49% → 8.82%	▼ -0.67
Shriram Finance Limited	0.92% → 0.55%	▼ -0.37
Samvardhana Motherson International Limited	1.63% → 1.39%	▼ -0.24
ICICI Bank Limited	9.96% → 9.8%	▼ -0.16
Syngene International Limited	1.04% → 0.9%	▼ -0.14
IPCA Laboratories Limited	1.52% → 1.4%	▼ -0.12
Gujarat Gas Limited	0.55% → 0.45%	▼ -0.1

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

9.8%

8.82%

7.19%

5.33%

Bharti Airtel Limited

3.52%

Full Portfolio (60 holdings)

#	Holding	Sector	% to NAV
1	ICICI Bank Limited	Financial Services	9.8%
2	HDFC Bank Limited	Financial Services	8.82%
3	Axis Bank Limited	Financial Services	7.19%
4	State Bank of India	Financial Services	5.33%
5	Bharti Airtel Limited	Telecommunication	3.52%
6	Kotak Mahindra Bank Limited	Financial Services	3.39%
7	Reliance Industries Limited	Energy	2.66%
8	TREPS / Reverse Repo Investmentstreps	—	2.62%
9	Mahindra & Mahindra Limited	Consumer Discretionary	2.61%
10	Infosys Limited	Information Technology	2.41%
11	Cipla Limited	Healthcare	1.97%
12	Max Financial Services Limited	Financial Services	1.94%
13	Bharat Petroleum Corporation Limited	Energy	1.91%
14	NTPC Limited	Utilities	1.86%
15	Sun Pharmaceutical Industries Limited	Healthcare	1.72%
16	Hindustan Unilever Limited	Consumer Staples	1.67%
17	Tata Consultancy Services Limited	Information Technology	1.62%
18	ETERNAL LIMITED	Consumer Discretionary	1.6%
19	SBI Life Insurance Company Limited	Financial Services	1.54%
20	Coforge Limited	Information Technology	1.54%
21	Indus Towers Limited	Telecommunication	1.52%
22	Larsen & Toubro Limited	Industrials	1.48%
23	Coromandel International Limited	Materials	1.43%
24	IPCA Laboratories Limited	Healthcare	1.4%
25	Samvardhana Motherson International Limited	Consumer Discretionary	1.39%
26	Asian Paints Limited	Consumer Discretionary	1.29%
27	Fortis Healthcare Limited	Healthcare	1.25%
28	Tata Capital Limited	Financial Services	1.22%
29	Cholamandalam Investment and Finance Company Limited	Financial Services	1.21%
30	PNB Housing Finance Limited	Financial Services	1.14%
31	ITC Limited	Consumer Staples	1.13%
32	JINDAL STEEL LIMITED	Materials	1.1%
33	UltraTech Cement Limited	Materials	1.08%
34	Hindustan Petroleum Corporation Limited	Energy	1.07%
35	Maruti Suzuki India Limited	Consumer Discretionary	1.04%
36	Emami Limited	Consumer Staples	1.03%
37	Bharat Forge Limited	Consumer Discretionary	0.97%
38	AU Small Finance Bank Limited	Financial Services	0.96%
39	Oil India Limited	Energy	0.94%
40	Century Plyboards (India) Limited	Consumer Discretionary	0.9%
41	Syngene International Limited	Healthcare	0.9%
42	Power Finance Corporation Limited	Financial Services	0.88%
43	Tata Motors Limited	Industrials	0.84%
44	Container Corporation of India Limited	Services	0.84%
45	Cohance Lifesciences Limited	Healthcare	0.84%
46	Petronet LNG Limited	Utilities	0.78%
47	Atul Limited	Materials	0.75%
48	Alembic Pharmaceuticals Limited	Healthcare	0.68%
49	Hyundai Motor India Limited	Consumer Discretionary	0.61%
50	Ahluwalia Contracts (India) Limited	Industrials	0.56%
51	Shriram Finance Limited	Financial Services	0.55%
52	UNO Minda Limited	Consumer Discretionary	0.53%
53	Gujarat Gas Limited	Utilities	0.45%
54	ACC Limited	Materials	0.38%
55	GHCL Limited	Materials	0.33%
56	SBI Cards and Payment Services Limited	Financial Services	0.33%
57	KEC International Limited	Industrials	0.28%
58	Alkem Laboratories Limited	Healthcare	0.22%
59	GSPL Transmission Limited	Utilities	0.08%
60	Net Receivables/Payablesother	—	0%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 9.8% of DSP ELSS Tax Saver Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 8.82% of DSP ELSS Tax Saver Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 7.19% of DSP ELSS Tax Saver Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, State Bank of India is 5.33% of DSP ELSS Tax Saver Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Bharti Airtel Limited is 3.52% of DSP ELSS Tax Saver Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: DSP Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.