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4 star

DSP Equity & Bond Fund - Direct Plan


Hybrid: Aggressive Hybrid

1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.93 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 -1.92 0.43 1.29 1.88 15.10 -6.66 8.92 5.15 7.90 15.20 --
VR Balanced TRI -5.13 0.10 1.11 3.43 17.56 -4.87 4.87 5.31 6.97 11.21 --
Hybrid: Aggressive Hybrid -3.19 0.17 1.45 3.25 16.04 -5.38 5.80 3.00 6.43 13.33 --
Rank within category 14 4 25 37 25 28 12 8 9 7 --
Number of funds in category 44 44 44 44 44 44 43 33 26 23 0

As on 07-Aug-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 8.92 5.15 7.90 0.94 5,764
SBI Equity Hybrid Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.04 6.38 8.38 1.02 30,192
Mirae Asset Hybrid Equity Fund - Direct Plan  | Invest Online
5 star
Jul-15 7.99 6.61 10.31 0.44 3,468
HDFC Children's Gift Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.44 4.76 8.07 1.22 3,211
Canara Robeco Equity Hybrid Fund - Direct Plan  | Invest Online
5 star
Jan-13 13.08 7.65 8.89 0.83 3,041

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 6.25 17.18 0.06 0.06 0.91 0.02
VR Balanced TRI 6.33 17.40 0.06 0.07 -- --
Hybrid: Aggressive Hybrid 3.97 16.56 -0.07 -0.07 0.90 -2.26
Rank within category 8 25 8 8 22 8
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 31-Jul-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 55
Top 10 Holdings (%) 37.61
Top 5 Holdings (%) 24.66
Top 3 Sectors (%) 43.01
Portfolio P/B Ratio 3.91
Portfolio P/E Ratio 27.54

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
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 8.05 8.05
equal 9.65% Green Infra Wind Energy 2023 Debenture AA 0.00 - 2.72 2.58
down 7.59% GOI 2026 GOI Securities SOV 1.69 - 3.20 1.92
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.08 - 1.47 1.32
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 1.08 1.03
new 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 0.97 0.97
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 0.94 0.92
equal 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 0.96 0.74
new 8.25% IRFC 28/02/2024 Debenture AAA 0.00 - 0.71 0.71
equal HPCL 14/08/2024 Debenture AAA 0.00 - 0.64 0.61
equal 7.27% GOI 2026 GOI Securities SOV 0.60 - 4.89 0.60
equal KKR India Financial Services 14/03/2021 Debenture AA 0.00 - 0.59 0.55
new 7.41% Power Finance Corp. 25/02/2030 Debenture AAA 0.00 - 0.55 0.55
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 0.49 0.48
equal 6.91% NHPC 15/09/2022 Debenture AAA 0.00 - 0.52 0.48
equal KKR India Financial Services 2021 Debenture AA 0.00 - 0.53 0.47
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 0.46 0.44
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 0.40 0.39
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.32 - 0.43 0.38
down 8.60% Bank of Baroda 2022 Debenture AA+ 0.29 - 1.42 0.29
equal HPCL 25/04/2024 Bonds/Debentures AAA 0.00 - 0.33 0.29
down 8.50% Bank of Baroda Bonds AA 0.00 - 0.99 0.28
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 0.19 0.18
new 8.13% Power Grid Corporation 25/04/2023 Debenture AAA 0.00 - 0.10 0.10
equal 6.35% Export-Import Bank 18/02/2025 Debenture AAA 0.00 - 0.10 0.09

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 20.14 6.28 3.83 4.76
equal Bharti Airtel Communication -- 4.59 0.00 4.45
equal ICICI Bank Financial 22.79 6.44 1.93 3.98
equal Bajaj Finance Financial 41.52 7.34 2.59 3.42
equal Ultratech Cement Construction 21.68 3.24 0.59 3.24
equal Tata Consultancy Services Technology 27.59 2.82 0.00 2.53
down Coromandel International Chemicals 18.48 2.44 0.00 2.32
down Muthoot Finance Financial 15.55 2.38 0.00 2.28
equal Kotak Mahindra Bank Financial 31.19 3.76 0.00 2.16
equal Britannia Inds. FMCG 55.80 1.87 0.00 1.87
equal Bajaj Finserv Financial 27.53 2.60 0.00 1.78
equal Godrej Properties Construction 142.66 1.87 0.00 1.70
equal V-Mart Retail Services 65.07 1.67 0.00 1.67
equal Divi's Laboratories Healthcare 53.69 1.66 0.00 1.66
equal Avenue Supermarts Services 136.10 2.69 0.00 1.65
equal Dr. Reddy's Lab Healthcare 39.09 1.73 0.00 1.62
equal Infosys Technology 23.78 2.65 0.00 1.61
equal Indraprastha Gas Energy 21.75 1.60 0.00 1.44
equal Shree Cement Construction 51.43 2.64 1.44 1.44
equal Atul Chemicals 23.98 1.40 0.00 1.40
equal Alkem Laboratories Healthcare 26.13 2.61 0.00 1.36
equal HDFC Life Insurance Financial 92.71 1.32 0.00 1.32
equal ICICI Lombard General Insurance Company Financial 48.13 2.04 0.00 1.27
up PI Industries Chemicals 59.04 1.17 0.00 1.17
equal ICICI Prudential Life Insurance Co. Ltd. Financial 63.19 1.31 0.00 1.17

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-Jul-2020

*As on 30-Jun-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:


0.43%

Change from previous, NAV as on 07-Aug-2020

Growth: ₹ 170.5960

Dividend: ₹ 38.3200


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: 11.74%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 5,764 Cr (As on 31-Jul-2020)
Expense: 0.94% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 190.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend28-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
 28-Jun-20180.2100
 28-May-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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