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3 star

DSP Focus Fund


Equity: Multi Cap

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.58 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

This is a multi cap fund where the fund management team has complete freedom to invest in companies of different sizes, depending upon where it expects maximum gains. This versatility makes multi cap funds most suitable for equity fund investors as the job of stock selection is completely left to the fund manager, which is the very idea of investing in a mutual fund.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other multi cap fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -14.51 -0.63 1.31 6.85 17.93 -15.08 -4.34 1.27 4.37 11.96 7.78
S&P BSE 500 TRI -10.03 -0.42 1.44 6.45 18.81 -10.99 -4.74 2.35 6.32 11.43 8.38
Equity: Multi Cap -9.95 -0.33 1.26 5.45 15.34 -10.79 -4.30 1.19 5.24 12.35 8.92
Rank within category 53 54 30 10 10 53 28 19 24 21 24
Number of funds in category 60 62 62 61 61 60 55 42 40 34 30

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Focus Fund  | Invest Online
3 star
Jun-10 -4.34 1.27 4.37 2.17 1,607
Kotak Standard Multicap Fund Regular Plan  | Invest Online
4 star
Sep-09 -5.81 2.38 7.58 1.64 27,976
Axis Focused 25 Fund  | Invest Online
5 star
Jun-12 1.66 6.25 9.13 1.92 10,399
UTI Equity Fund - Regular Plan  | Invest Online
4 star
May-92 3.57 5.61 6.78 1.85 9,750
SBI Focused Equity Fund  | Invest Online
5 star
Oct-04 -0.64 6.46 9.16 1.99 8,962

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.67 (19-Sep-2019 - 26-Sep-2019) -20.60 (16-Mar-2020 - 23-Mar-2020)
Month 18.88 (07-May-2014 - 06-Jun-2014) -38.38 (20-Feb-2020 - 23-Mar-2020)
Quarter 33.34 (24-Mar-2020 - 23-Jun-2020) -38.30 (23-Dec-2019 - 23-Mar-2020)
Year 71.75 (03-Mar-2014 - 03-Mar-2015) -29.77 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.24 24.05 -0.04 -0.05 1.09 0.06
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: Multi Cap 3.15 21.19 -0.10 -0.11 0.95 -1.19
Rank within category 13 41 13 13 40 13
Number of funds in category 43 43 43 43 43 43

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 30
Top 10 Stocks (%) 56.35
Top 5 Stocks (%) 35.13
Top 3 Sectors (%) 59.12
Portfolio P/B Ratio 2.42
Portfolio P/E Ratio 20.11

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,13,552 92,596
Giant (%) 61.85 54.17
Large (%) 19.35 16.20
Mid (%) 17.87 21.63
Small (%) 0.93 8.65
Tiny (%) -- 0.28

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 22.27 13.82 8.83 9.84
equal ICICI Bank Financial 24.39 11.12 1.78 8.40
equal Coromandel International Chemicals 20.60 7.03 2.74 7.03
down Reliance Industries Energy 32.28 8.92 3.62 5.02
equal Larsen & Toubro Construction 13.71 8.62 3.14 4.84
equal Shree Cement Construction 52.34 4.38 2.32 4.38
equal Bajaj Finance Financial 37.93 7.97 3.03 4.31
equal ITC FMCG 15.60 6.93 3.47 4.28
equal Infosys Technology 20.07 4.39 0.00 4.22
equal HDFC Financial 15.26 4.56 0.00 4.03
equal Ultratech Cement Construction 18.86 3.83 1.09 3.83
equal Maruti Suzuki India Automobile 31.71 8.57 2.94 3.43
equal Whirlpool Cons Durable 56.68 4.33 2.46 3.38
equal Dr. Reddy's Lab Healthcare 32.05 3.24 0.00 3.24
equal SBI Life Insurance Company Financial 60.46 3.70 0.00 2.58
equal ICICI Lombard General Insurance Company Financial 47.94 3.58 0.00 2.47
equal Bharti Airtel Communication -- 2.42 0.00 2.42
equal Eicher Motors Automobile 29.07 2.79 1.56 2.35
equal Axis Bank Financial 66.93 4.53 0.00 2.32
equal HDFC Life Insurance Financial -- 1.91 0.00 1.91
equal Tata Steel Metals 26.19 5.27 1.88 1.90
equal Havells India Engineering 49.39 3.20 1.59 1.70
equal Emami FMCG 34.78 1.85 0.00 1.64
equal Federal Bank Financial 6.87 1.98 0.00 1.25
equal Hindalco Inds. Metals 9.76 4.06 0.92 1.19

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2020

Fund Manager

— Vinit Sambre since 01-Jun-2020

Education: Mr. Sambre is a B.Com and FCA.

Experience: Prior to joining DSP he was associated with DSP Merrill Lynch Ltd.(Nov 2005 to Jun 2007), IL & FS Investsmart Ltd. (Dec 2002 to Oct 2005), Unit Trust of India Investment Advisory Services Ltd.(Jun 2000 to Dec 2002), Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. (March 1999 to May 2000) and Credit Rating Information Service of India Ltd.(Apr 1998 to Feb 1999).

Interviews:

Funds Managed:


-0.63%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 22.0810

Dividend: ₹ 12.7400


Investment Strategy

The scheme portfolio will largely consist of companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization upto 20% of the net asset value. The scheme will also have at least 95% of the invested amount across the top 25 holdings in the portfolio which excludes debt & money market securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 1% for redemption within 364 days

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 10-Jun-2010
Return Since Launch: 8.17%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,607 Cr (As on 31-May-2020)
Expense: 2.17% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Average
Turnover: 25.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend10-Jan-20190.6789

 11-Jan-20181.6000
 13-Jan-20171.3000
 15-Jan-20162.3000
 20-Mar-20151.8000

Contact Information

AMC: DSP Investment Managers Pvt. Ltd.

Address: NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction Western Express Highway, Andheri East Mumbai - 400069

Phone: 022-66178000

Fax: 022-56578181

Website: https://www.dspim.com/

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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