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3 star

DSP Short Term Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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 6.85 -0.07 0.09 0.56 3.37 5.30 10.04 7.56 7.90 8.54 8.35
CCIL T Bill Liquidity Weight 2.20 0.01 0.05 0.18 0.64 1.81 3.71 4.06 4.27 4.78 4.78
Debt: Short Duration 6.43 -0.08 0.07 0.66 3.91 5.10 8.61 6.09 7.10 7.85 7.94
Rank within category 17 8 11 20 19 18 15 12 12 12 8
Number of funds in category 27 27 27 27 27 27 27 24 24 23 21

As on 06-Aug-2020

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 10.04 7.56 7.90 0.93 3,421
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 11.05 7.94 8.66 1.15 15,234
SBI Short Term Debt Fund
4 star
Jul-07 10.46 7.94 8.30 0.84 14,777
HDFC Short Term Debt Fund  | Invest Online
5 star
Jun-10 11.44 8.74 8.70 0.74 12,737
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 10.58 8.24 8.23 0.80 12,716

Best & Worst Performance

Best (Period) Worst (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 7.43 1.85 1.19 2.27 1.77 4.31
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Short Duration 6.14 3.46 0.78 1.62 0.40 1.39
Rank within category 12 11 11 12 21 5
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 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 66 71 60 57
Modified Duration (yrs) 2.36 2.68 2.02 --
Average Maturity (yrs) 2.77 3.28 2.39 --
Yield to Maturity (%) 5.18 7.29 5.18 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 3.99 - 7.12 7.12
up 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 5.87 5.87
down 7.17% GOI 2028 GOI Securities SOV 0.00 - 6.69 5.66
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 4.63 4.63
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 4.14 4.14
new 6.75% Power Finance Corp. 22/05/2023 Debenture AAA 0.00 - 3.33 3.33
down 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.00 - 6.49 3.27
down 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 4.16 3.13
down 6.55% National Housing Bank 17/04/2023 Debenture AAA 0.00 - 5.65 3.08
equal 6.35% Export-Import Bank 18/02/2025 Debenture AAA 0.00 - 3.20 3.08
up 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 3.06 3.06
up 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 2.95 2.95
up 8.15% State Bank of India Bonds AA+ 0.00 - 2.92 2.92
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 4.88 2.34
equal 9.30% Export-Import Bank 2022 Bonds AAA 0.53 - 2.54 2.23
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 1.92 1.87
up 6.60% REC 21/03/2022 Debenture AAA 0.00 - 1.81 1.81
down HPCL 14/08/2024 Debenture AAA 0.00 - 8.38 1.65
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 6.47 1.63
equal 8.35% REC 13/03/2022 Debenture AAA 1.57 - 3.90 1.57
new 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 1.57 1.57
new 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 1.54 1.54
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.67 - 1.54 1.44
equal 7.34% Power Grid Corporation 15/07/2024 Bonds/NCDs AAA 0.71 - 1.39 1.33
equal 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 0.00 - 2.58 1.30

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-Jun-2020

Fund Manager

— Laukik Bagwe since 18-Jul-2016

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

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

Funds Managed:

— Saurabh Bhatia since 14-Feb-2018

Education: Mr. Bhatia holds Post Graduation Diploma in Business Management, Finance.

Experience: Prior to joining DSPBR Mutual Fund, had worked with ICICI Bank, HSBC Global Asset Management.

Funds Managed:


-0.07%

Change from previous, NAV as on 06-Aug-2020

Growth: ₹ 35.8156

Dividend Weekly: ₹ 10.1910

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Dividend Quarterly: ₹ 12.4247

Dividend Monthly: ₹ 11.4196


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 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 09-Sep-2002
Return Since Launch: 7.38%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,421 Cr (As on 30-Jun-2020)
Expense: 0.93% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly05-Aug-20200.0089

 22-Jul-20200.0012
 15-Jul-20200.0211
 08-Jul-20200.0320
 01-Jul-20200.0329
 24-Jun-20200.0348
 17-Jun-20200.0438
 10-Jun-20200.0187
 27-May-20200.0362
 20-May-20200.0531
 13-May-20200.0286
 07-May-20200.0417
 22-Apr-20200.0882
 04-Mar-20200.0162
 26-Feb-20200.0032
 19-Feb-20200.0030
 12-Feb-20200.0313
 05-Feb-20200.0476
 29-Jan-20200.0154
 22-Jan-20200.0218
 15-Jan-20200.0004
 08-Jan-20200.0132
 01-Jan-20200.0081
 27-Nov-20190.0138
 20-Nov-20190.0178
Dividend Monthly28-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
 28-Jan-20190.0396
 28-Dec-20180.0653
 28-Nov-20180.0796
 26-Oct-20180.0519
 28-Aug-20180.0450
 27-Jul-20180.0556
 28-Mar-20180.0854
 28-Feb-20180.0142
 25-Jan-20180.0105
 28-Nov-20170.0025
Dividend Quarterly27-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
 26-Mar-20100.0985

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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