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3 star

DSP Short Term Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 2.43 0.00 0.01 -0.05 0.81 2.12 3.61 7.68 6.68 7.38 7.90
CCIL T Bill Liquidity Weight 1.64 0.03 0.00 0.11 0.53 1.08 2.06 3.34 3.61 4.04 4.52
Debt: Short Duration 3.60 0.00 0.01 0.54 1.81 3.09 4.77 6.60 6.17 7.04 7.68
Rank within category 19 17 16 24 23 20 18 12 14 13 11
Number of funds in category 26 28 28 28 27 27 26 25 23 23 21

As on 22-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Short Term Fund  | Invest Online
3 star
Sep-02 3.61 7.68 6.68 0.93% 3,310
ICICI Prudential Short Term Fund  | Invest Now
5 star
Oct-01 4.88 8.53 7.40 1.13% 21,345
HDFC Short Term Debt Fund  | Invest Online
5 star
Jun-10 4.72 8.63 7.75 0.79% 19,436
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
May-02 4.16 8.20 7.07 1.16% 17,160
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 3.81 8.13 7.14 0.77% 12,708

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.46 24-Mar-2020 - 31-Mar-2020 -1.95 12-Mar-2020 - 19-Mar-2020
Month 3.63 24-Mar-2020 - 23-Apr-2020 -2.46 20-Feb-2020 - 23-Mar-2020
Quarter 6.20 24-Mar-2020 - 24-Jun-2020 -1.39 21-May-2013 - 20-Aug-2013
Year 11.39 31-Jan-2014 - 02-Feb-2015 3.25 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.59 1.86 1.96 3.69 2.16 4.97
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Short Duration 6.63 3.56 1.45 2.46 0.57 3.03
Rank within category 12 11 12 9 22 10
Number of funds in category 25 25 25 25 25 25

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

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 58 70 58 61
Modified Duration (yrs) 1.62 2.46 1.56 1.80
Average Maturity (yrs) 1.82 2.87 1.74 2.31
Yield to Maturity (%) 4.66 5.05 4.42 4.90
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.70 - 6.28 6.28
equal 6.55% National Housing Bank 17/04/2023 Debenture AAA 3.54 - 4.03 4.00
equal 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 2.67 - 3.95 3.95
equal 5.40% HDFC 2023 Bonds/NCDs AAA 0.00 - 3.88 3.84
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 3.45 3.45
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 3.30 3.30
up 7.10% Bajaj Finance 2023 Debenture AAA 0.00 - 3.25 3.25
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 3.25 3.16
equal 7.89% Gujarat State 15/05/2025 State Development Loan SOV 0.00 - 2.84 2.84
up 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 1.77 - 2.80 2.80
up 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 2.91 2.66
equal 5.79% REC 20/03/2024 Debenture AAA 0.00 - 2.37 2.37
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 2.01 - 2.33 2.31
equal 5.23% LIC Housing Fin. 26/07/2023 Debenture AAA 0.00 - 2.30 2.30
new 6.09% Power Finance Corporation 27/08/2026 Non Convertible Debenture AAA 0.00 - 2.29 2.29
equal 9.30% Export-Import Bank 2022 Bonds AAA 2.04 - 2.32 2.24
equal 5.35% National Housing Bank 2024 Debenture AAA 0.00 - 2.05 2.05
equal 7.29% SIDBI 2022 Debenture AAA 1.60 - 1.84 1.79
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.69 - 1.65 1.65
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 1.35 - 1.62 1.62
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 1.60 1.60
new 6.97% GOI 2026 GOI Securities SOV 0.00 - 1.59 1.59
equal 5.30% HDFC 2023 Debenture AAA 0.00 - 1.57 1.57
down 4.99% REC 31/01/2024 Debenture AAA 0.00 - 3.01 1.56
equal 5.45% LIC Housing Fin. 25/08/2023 Bonds/NCDs AAA 1.47 - 2.94 1.53

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 30-Sep-2021

Fund Manager

— Laukik Bagwe since 18-Jul-2016

Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)

Experience: Prior to joining DSP Mutual Fund he has worked with Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.

Funds Managed:

— Vikram Chopra since 17-Jul-2021

Education: Mr. Chopra is B.Com (H) and MBA from Institute of Management.

Experience: Prior to joining DSP Mutual Fund he has worked with L&T Mutual Fund, IDBI Bank Ltd. and Axis Bank Ltd.

Funds Managed:


0.00%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 37.5957

IDCW Weekly: ₹ 10.1852

More

IDCW Quarterly: ₹ 12.1788

IDCW Monthly: ₹ 11.4167


Investment Strategy

The scheme seeks to generate income commensurate with prudent risk, from a portfolio constituted of money market securities and debt securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 09-Sep-2002
Return Since Launch: 7.17%
Benchmark: CRISIL Short-Term Bond Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,310 Cr (As on 30-Sep-2021)
Expense: 0.93% (As on 30-Sep-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly28-Sep-20210.0149

 27-Aug-20210.0497
 28-Jul-20210.0723
 28-Jun-20210.0075
 28-May-20210.0492
 28-Apr-20210.0733
 28-Dec-20200.0198
 27-Nov-20200.1012
 28-Oct-20200.1406
 28-Sep-20200.0296
 28-Jul-20200.0881
 26-Jun-20200.1205
 28-May-20200.2426
 28-Apr-20200.0658
 28-Feb-20200.0918
 28-Jan-20200.0618
 28-Nov-20190.0778
 25-Oct-20190.0823
 27-Sep-20190.0081
 28-Aug-20190.0996
 26-Jul-20190.0769
 28-Jun-20190.0392
 28-May-20190.1033
 28-Mar-20190.0864
 28-Feb-20190.0476
IDCW Weekly22-Sep-20210.0052

 15-Sep-20210.0029
 08-Sep-20210.0013
 01-Sep-20210.0224
 25-Aug-20210.0011
 19-Aug-20210.0254
 11-Aug-20210.0055
 04-Aug-20210.0123
 28-Jul-20210.0115
 21-Jul-20210.0141
 14-Jul-20210.0178
 09-Jun-20210.0278
 26-May-20210.0111
 19-May-20210.0101
 13-May-20210.0053
 05-May-20210.0170
 28-Apr-20210.0286
 21-Apr-20210.0086
 06-Jan-20210.0223
 30-Dec-20200.0143
 23-Dec-20200.0070
 09-Dec-20200.0010
 25-Nov-20200.0244
 18-Nov-20200.0315
 11-Nov-20200.0158
IDCW Quarterly26-Mar-20210.8424

 27-Mar-20200.4983
 28-Mar-20190.5014
 28-Mar-20180.4748
 27-Mar-20170.6334
 28-Mar-20160.6356
 27-Mar-20150.4132
 26-Sep-20140.1540
 27-Jun-20140.2103
 28-Mar-20140.1724
 27-Dec-20130.1988
 27-Sep-20130.0413
 28-May-20130.2192
 28-Mar-20130.1642
 28-Dec-20120.1730
 28-Sep-20120.2302
 28-Jun-20120.2178
 29-Mar-20120.1385
 29-Dec-20110.1861
 29-Sep-20110.1933
 28-Jun-20110.1945
 28-Mar-20110.1519
 28-Dec-20100.1284
 28-Sep-20100.1254
 28-Jun-20100.1044

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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