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4 star

DSP Equity & Bond Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.06 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.

Like for all equity-linked investments, 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 aggressive hybrid 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 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 1.79 -0.61 0.37 4.56 5.02 19.56 4.02 5.66 9.53 14.44 --
VR Balanced TRI -0.99 -1.11 -0.61 5.61 4.60 24.04 3.35 5.91 8.41 10.45 --
Hybrid: Aggressive Hybrid 0.76 -0.91 -0.04 4.24 5.30 21.17 4.10 3.50 7.79 12.49 --
Rank within category 17 8 7 16 24 29 21 8 7 6 --
Number of funds in category 44 45 45 44 44 44 43 33 26 23 0

As on 26-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Equity & Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.02 5.66 9.53 0.87 5,502
SBI Equity Hybrid Fund - Direct Plan  | Invest Online
5 star
Jan-13 1.40 5.58 8.88 1.03 31,226
Mirae Asset Hybrid Equity Fund - Direct Plan  | Invest Online
5 star
Jul-15 6.99 6.89 11.29 0.39 3,735
Canara Robeco Equity Hybrid Fund - Direct Plan  | Invest Online
5 star
Jan-13 10.19 8.62 10.45 0.85 3,438
HDFC Children's Gift Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.32 5.36 9.74 1.15 3,387

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.69 (19-Sep-2019 - 26-Sep-2019) -15.50 (16-Mar-2020 - 23-Mar-2020)
Month 15.50 (07-May-2014 - 06-Jun-2014) -28.78 (20-Feb-2020 - 23-Mar-2020)
Quarter 23.96 (23-Mar-2020 - 22-Jun-2020) -24.45 (23-Dec-2019 - 23-Mar-2020)
Year 57.59 (28-Jan-2014 - 28-Jan-2015) -16.22 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.28 17.24 0.13 0.13 0.92 -0.04
VR Balanced TRI 7.52 17.40 0.14 0.16 -- --
Hybrid: Aggressive Hybrid 5.19 16.66 0.01 0.02 0.91 -2.09
Rank within category 9 25 10 10 22 9
Number of funds in category 34 34 34 34 34 34

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

As on 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 56
Top 10 Holdings (%) 34.81
Top 5 Holdings (%) 21.43
Top 3 Sectors (%) 42.87
Portfolio P/B Ratio 3.78
Portfolio P/E Ratio 28.07
Avg Credit Rating AAA

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 5.41 5.41
equal 9.65% Green Infra Wind Energy 2023 Debenture AA 0.00 - 2.72 2.71
up 7.59% GOI 2026 GOI Securities SOV 1.69 - 3.20 2.60
up 7.27% GOI 2026 GOI Securities SOV 0.59 - 4.89 1.98
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 1.42 1.42
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.08 - 1.47 1.38
equal 8.30% REC 2025 Bonds AAA 0.00 - 1.03 1.03
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 5.80 0.99
equal 6.88% REC 20/03/2025 Debenture AAA 0.00 - 0.77 0.77
equal 8.25% IRFC 28/02/2024 Debenture AAA 0.00 - 0.75 0.75
down 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 1.93 0.67
equal KKR India Financial Services 14/03/2021 Debenture AA 0.46 - 0.59 0.58
equal KKR India Financial Services 2021 Debenture AA 0.41 - 0.53 0.50
new 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 0.49 0.49
down 7.41% Power Finance Corp. 25/02/2030 Debenture AAA 0.00 - 0.55 0.48
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.32 - 0.43 0.40
new 6.24% State Bank of India 21/09/2030 Non Convertible Debenture AAA 0.00 - 0.36 0.36
new 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 1.16 0.30
equal 7.50% HDFC 2025 Debenture AAA 0.00 - 0.30 0.30
equal HPCL 25/04/2024 Bonds/Debentures AAA 0.00 - 0.33 0.30
new 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 1.16 0.29
down 8.50% Bank of Baroda Bonds AA 0.00 - 0.99 0.22
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 0.19 0.19
equal 8.60% Bank of Baroda 2022 Debenture AA+ 0.18 - 1.42 0.19
equal 8.30% GAIL 23/02/2025 Bonds AAA 0.00 - 0.10 0.10

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

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 22.48 6.28 3.95 5.21
equal ICICI Bank Financial 27.18 6.44 1.93 4.72
equal Bajaj Finance Financial 44.75 7.34 2.86 3.23
down Bharti Airtel Communication -- 4.59 0.00 2.86
down Ultratech Cement Construction 21.75 3.24 0.59 2.76
down Tata Consultancy Services Technology 32.86 2.82 0.00 2.70
up Muthoot Finance Financial 13.97 2.61 0.00 2.61
equal Kotak Mahindra Bank Financial 33.68 3.76 0.00 2.35
up Infosys Technology 26.20 2.65 0.00 2.27
equal Dr. Reddy's Lab Healthcare 42.56 2.20 0.00 2.20
up Britannia Inds. FMCG 47.24 1.95 0.00 1.95
down Avenue Supermarts Services 156.88 2.69 0.00 1.85
down Atul Chemicals 29.57 1.64 0.00 1.64
down V-Mart Retail Services -- 1.67 0.00 1.62
equal Axis Bank Financial 89.50 3.65 0.00 1.60
equal Indraprastha Gas Energy 26.86 1.60 0.00 1.49
down Coromandel International Chemicals 16.70 2.44 0.00 1.42
down Godrej Properties Construction 160.88 1.87 0.00 1.32
equal PI Industries Chemicals 64.00 1.27 0.00 1.27
equal Aarti Industries Chemicals 35.92 1.32 0.00 1.24
down Alkem Laboratories Healthcare 22.82 2.61 0.00 1.23
equal Gujarat Gas Chemicals 19.70 1.23 0.00 1.22
down Bajaj Finserv Financial 25.68 2.60 0.00 1.21
down ICICI Lombard General Insurance Company Financial 41.16 2.04 0.00 1.16
down Shree Cement Construction 51.09 2.64 1.10 1.10

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-2020

Fund Manager

— Atul Bhole since 01-Jun-2016

Education: Mr. Bhole is a B.Com (H), Chartered Accountant and MMS.

Experience: Prior to joining DSP Mutual Fund he has worked with Tata Mutual Fund, JP Morgan Services Pvt. Ltd. and SBI Treasury.

Interviews:

Funds Managed:

— Vikram Chopra since 18-Jul-2016

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:


-0.61%

Change from previous, NAV as on 26-Oct-2020

Growth: ₹ 177.0650

Dividend: ₹ 39.4670


Investment Strategy

The scheme seeks to generate long-term capital appreciation and current income from a portfolio constituted of equity and equity related securities as well as fixed income securities (debt and 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 For units in excess of 10% of the investment,1% will be charged for redemption within 364 days

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 11.92%
Benchmark: CRISIL Hybrid 35+65 Aggressive TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 5,502 Cr (As on 30-Sep-2020)
Expense: 0.87% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 170.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend28-Sep-20200.1500

 31-Aug-20200.1500
 28-Jul-20200.1500
 26-Jun-20200.1500
 28-May-20200.1500
 28-Apr-20200.1500
 28-Feb-20200.2100
 28-Jan-20200.2100
 27-Dec-20190.2100
 28-Nov-20190.2100
 25-Oct-20190.2100
 27-Sep-20190.2100
 28-Aug-20190.2100
 26-Jul-20190.2100
 28-Jun-20190.2100
 28-May-20190.2100
 26-Apr-20190.1600
 28-Mar-20190.2100
 28-Feb-20190.2100
 28-Jan-20190.2100
 28-Dec-20180.2100
 28-Nov-20180.2100
 28-Sep-20180.2100
 28-Aug-20180.2100
 27-Jul-20180.2100

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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