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DSP Short Term Fund


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame 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, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, 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 2.05 0.07 0.09 1.36 2.12 4.40 10.11 7.31 7.64 8.16 8.10
CCIL T Bill Liquidity Weight 0.55 0.02 0.05 0.31 0.85 1.81 4.08 4.11 4.45 4.77 4.71
Debt: Short Duration 1.73 0.05 0.11 1.27 1.93 3.70 5.64 5.77 6.67 7.40 7.66
Rank within category 9 7 17 8 15 11 10 10 12 11 6
Number of funds in category 29 29 29 29 29 29 29 26 26 25 20

As on 26-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.89 (31-Jan-2020 - 07-Feb-2020) -1.52 (09-Jul-2013 - 16-Jul-2013)
Month 1.97 (28-Aug-2013 - 27-Sep-2013) -1.68 (24-Jun-2013 - 24-Jul-2013)
Quarter 3.75 (29-Aug-2013 - 28-Nov-2013) -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 6.64 1.67 0.58 1.02 4.08 7.52
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Short Duration 5.33 3.02 0.27 0.71 3.43 5.17
Rank within category 11 12 11 11 21 6
Number of funds in category 27 27 27 27 27 27

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 68 71 65 56
Modified Duration (yrs) 2.43 2.45 1.25 1.97
Average Maturity (yrs) 2.93 2.95 1.44 2.39
Yield to Maturity (%) 6.81 8.22 6.58 7.17

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down HPCL 14/08/2024 Debenture AAA 0.00 - 8.38 6.69
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.93 - 6.15 6.06
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 8.07 5.83
new 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 4.23 4.23
new 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.00 - 4.08 4.08
new 9.20% ICICI Bank 31/12/2050 Bonds AA+ 0.00 - 3.90 3.90
up 7.40% REC 26/11/2024 Bonds/NCDs AAA 0.00 - 3.76 3.76
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 8.03 3.40
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 7.81 3.20
down 8.35% REC 13/03/2022 Debenture AAA 0.00 - 3.98 2.67
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 4.19 2.61
equal 9.17% LIC Housing Fin. 24/03/2022 Debenture AAA 0.00 - 3.09 2.57
down 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 3.31 2.47
down 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 7.67 2.18
down 8.50% SIDBI 21/06/2021 Debenture AAA 0.63 - 2.24 1.92
equal 8.25% IRFC 28/02/2024 Debenture AAA 0.00 - 2.00 1.91
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 2.78 1.77
equal 7.90% L&T Infra Debt Fund 13/05/2020 Bonds AAA 1.72 - 2.10 1.72
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 1.68 1.67
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.00 - 1.75 1.65
up 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 1.63 1.63
equal 7.22% LIC Housing Fin. 19/11/2021 Non Convertible Debenture AAA 0.00 - 1.65 1.63
new 6.72% National Bank Agr. Rur. Devp 14/04/2023 Bonds/NCDs AAA 0.00 - 1.62 1.62
new 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 1.61 1.61
new 6.72% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 1.61 1.61

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-Jan-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 26-Feb-2020

Growth: ₹ 34.2085

Dividend Weekly: ₹ 10.1906

More

Dividend Quarterly: ₹ 12.5617

Dividend Monthly: ₹ 11.5372


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: 7.29%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,104 Cr (As on 31-Jan-2020)
Expense: 0.99% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly19-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
 13-Nov-20190.0100
 06-Nov-20190.0067
 30-Oct-20190.0274
 23-Oct-20190.0232
 16-Oct-20190.0199
 09-Oct-20190.0064
 02-Oct-20190.0168
 18-Sep-20190.0066
 11-Sep-20190.0034
 04-Sep-20190.0145
 28-Aug-20190.0164
 21-Aug-20190.0144
 07-Aug-20190.0363
 31-Jul-20190.0270
 17-Jul-20190.0207
Dividend Monthly28-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
 27-Oct-20170.0390
 28-Sep-20170.0194
 28-Aug-20170.0462
 28-Jul-20170.0790
 28-Jun-20170.0759
Dividend Quarterly28-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
 28-Dec-20090.1111

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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