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2 star

DSP Bond Fund - Direct Plan download report


Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 Lakh

Suitability:

"Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. 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.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon."

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
DSP Bond Direct-G -0.68 -0.02 0.01 -0.86 -1.09 -0.33 1.83 4.47 5.08 6.15 --
VR Bond -0.46 -0.01 0.03 -0.32 -0.88 -0.49 1.53 4.84 5.38 6.02 --
Debt: Medium Duration -0.32 -0.02 0.06 -0.92 -1.14 -0.01 3.65 5.21 6.00 6.94 --
Rank within category 13 11 15 11 10 12 13 11 10 10 --
Number of funds in category 19 20 20 20 19 19 18 15 13 12 0

As on 20-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Bond Fund - Direct Plan  | Invest Online
2 star
Jan-13 1.83 4.47 5.08 0.40% 351
SBI Magnum Medium Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 2.95 8.14 7.93 0.68% 9,968
ICICI Prudential Medium Term Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 3.61 8.15 7.52 0.67% 6,816
HDFC Medium Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.05 7.47 7.26 0.59% 4,079
Axis Strategic Bond Fund - Direct Plan
4 star
Jan-13 4.01 7.19 7.50 0.39% 1,828

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.14 24-Mar-2020 - 31-Mar-2020 -5.25 03-Jun-2019 - 10-Jun-2019
Month 4.36 25-Oct-2016 - 24-Nov-2016 -4.55 31-May-2019 - 01-Jul-2019
Quarter 6.96 24-Mar-2020 - 24-Jun-2020 -5.24 20-May-2013 - 19-Aug-2013
Year 17.11 04-Mar-2014 - 04-Mar-2015 0.49 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
DSP Bond Direct-G 4.96 3.88 0.37 0.36 0.59 0.46
VR Bond 5.18 2.13 0.78 1.13 -- --
Debt: Medium Duration 5.70 4.69 0.93 1.37 0.46 1.41
Rank within category 11 11 10 10 10 10
Number of funds in category 15 15 15 15 15 15

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

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 21 15 38
Modified Duration (yrs) 2.85 3.40 2.85 2.47
Average Maturity (yrs) 3.74 4.64 3.74 3.18
Yield to Maturity (%) 6.08 6.08 2.95 6.30
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 6.54% GOI 17/01/2032 GOI Securities SOV 0.00 - 8.38 8.37
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 5.55 - 8.13 7.66
equal 6.44% Maharashtra State 2028 State Development Loan SOV 0.00 - 6.98 6.98
equal HDFC Bank 13/12/2022 Certificate of Deposit A1+ 0.00 - 6.93 6.93
equal Bank of Baroda 14/02/2023 Certificate of Deposit A1+ 0.00 - 6.86 6.86
equal Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 6.84 6.84
new SIDBI 2023 Commercial Paper A1+ 0.00 - 6.84 6.84
equal Kotak Mahindra Bank 14/03/2023 Certificate of Deposit A1+ 0.00 - 6.83 6.83
equal 5.75% Bajaj Finance 16/02/2024 Debenture AAA 0.00 - 5.73 5.73
equal 7.75% Power Finance Corporation 2030 Non Convertible Debenture AAA 4.57 - 7.75 4.68
equal 8.60% NIIF Infrastructure Finance 2024 Debenture AAA 0.00 - 4.67 4.67
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 4.48 - 6.40 4.56
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 4.63 4.16
equal 7.75% Sundaram Home Finance 2023 Bonds/NCDs AA+ 2.22 - 3.12 3.12
equal 8.90% Maharashtra State 19/12/2022 State Development Loan SOV 0.00 - 3.02 3.02
equal 8.13% Power Grid Corporation 25/04/2028 Debenture AAA 0.00 - 3.22 3.01
equal 7.55% Indian Railway Finance Corporation 2030 Debenture AAA 2.20 - 3.22 3.01
equal 6.25% Embassy Office Parks REIT 18/10/2024 Debenture AAA 0.00 - 2.84 2.84
equal Reserve Bank of India 364-D 16/03/2023 Treasury Bills SOV 0.00 - 1.37 1.37

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-Apr-2022

Fund Manager

— Karan Mundra since 01-May-2021

Education: Mr. Mundra is a B. COM. and Charted Accountant (CA)

Experience: He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.

Funds Managed:

— Vivekanand Ramakrishnan since 17-Jul-2021

Education: Mr. Ramakrishnan is a B.Tech from IIT Madras, MS and PHD from University of Southern California.

Experience: Prior to joining DSP Investment Managers. He has worked with ICICI Prudential Mutual Fund, Standard Chartered Bank, Vikram Ispat as Marketing Executive and with CRISIL as manager-rating.

Funds Managed:


-0.02%

Change from previous, NAV as on 20-May-2022

Growth: ₹ 68.4527

IDCW Monthly: ₹ 10.9583

IDCW: ₹ 11.1671


Investment Strategy

The fund aims at reasonable and attractive return consistent with prudent risk from a portfolio of high quality debt instruments. The secondary objective is to generate capital appreciation.

Investment Details

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

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.87%
Benchmark: CRISIL Medium Duration Fund BIII Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 351 Cr (As on 30-Apr-2022)
Expense: 0.40% (As on 30-Apr-2022)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW28-Mar-20220.4997

 26-Mar-20210.7621
 27-Mar-20200.0375
 28-Mar-20190.3181
 28-Mar-20180.5152
 27-Mar-20170.8123
 28-Mar-20160.4561
 27-Mar-20150.6982
 26-Sep-20140.1727
 27-Jun-20140.3054
 28-Mar-20140.1509
 27-Dec-20130.1235
 28-May-20130.3944
 28-Mar-20130.2058
IDCW Monthly28-Mar-20220.0330

 28-Feb-20220.0566
 28-Dec-20210.0137
 26-Nov-20210.0497
 28-Oct-20210.0121
 28-Sep-20210.0672
 27-Aug-20210.0554
 28-Jul-20210.0485
 28-Jun-20210.0205
 28-May-20210.0759
 28-Apr-20210.0579
 28-Jan-20210.0175
 28-Dec-20200.0692
 27-Nov-20200.0660
 28-Oct-20200.1696
 28-Sep-20200.0169
 28-Jul-20200.0709
 26-Jun-20200.1434
 28-May-20200.2900
 28-Feb-20200.1480
 28-Jan-20200.0130
 28-May-20190.1100
 28-Mar-20190.1276
 28-Feb-20190.0327
 28-Jan-20190.0314

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: 1800-208-4499 / 1800-200-4499

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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