DWS Tax Saving Fund

DWS Tax Saving Fund is managed by Mr. Aniket Inamdar. The scheme aims to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. This fund has given a below average performance. New investors can skip this fund for a better performing fund in this category.

Where does DWS Tax Saving Fund invest your money?

DWS Global Tax Saving Fund is a large cap tax saving fund which means your money will be invested in stocks of large cap companies. Large cap companies tend to be stable while mid cap companies tend to give kicker returns. This fund has 93.74% allocation to funds of large cap companies & 6.26% allocation to mid cap.

Suitable for what?
  • Saving on tax outgo
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creating wealth
  • Lifestyle needs
  • Short term needs
How has DWS Tax Saving Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in March 2006, your value of investments would be Rs 1.35 lakhs. If you had invested Rs. 1Lakh for 5 years, your value of investments would sadly be dropped to Rs 94513. The performance has not been similar to or other funds in this category. The fund has been giving -1.12% returns for those who have stayed invested for the past 5 years.

Assume you had invested Rs 10,000 every month in DWS Tax Saving Fund through SIP for 5 years today you would have around Rs 7.08 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

No exit load applies for units withdrawn from this scheme. Expense ratio of DWS Tax Saving Fund is 2.88%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you did not withdraw within 1 year. DWS Tax Saving Fund qualifies for sec 80C ELSS benefits, which means you can invest up to Rs 1 lakh a year in this fund and deduct the amount from your gross total income for computing income tax.

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