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DSP Liquidity Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid 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 0.34 0.01 0.10 0.43 1.29 2.78 6.44 6.92 7.34 7.86 --
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 4.15 4.45 4.78 --
Debt: Liquid 0.33 0.01 0.10 0.43 1.30 2.79 6.40 6.67 7.18 7.76 --
Rank within category 14 15 10 16 25 24 23 19 18 20 --
Number of funds in category 39 39 39 39 39 39 38 35 34 33 1

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.26 (23-Mar-2016 - 31-Mar-2016) -0.07 (09-Jul-2013 - 16-Jul-2013)
Month 0.93 (08-Aug-2013 - 09-Sep-2013) 0.41 (01-Dec-2019 - 31-Dec-2019)
Quarter 2.64 (25-Jul-2013 - 24-Oct-2013) 1.27 (17-Oct-2019 - 16-Jan-2020)
Year 9.75 (26-Jul-2013 - 27-Jul-2014) 6.44 (24-Jan-2019 - 24-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.74 0.21 4.86 6.82 0.35 1.60
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Liquid 6.52 0.51 4.47 7.34 0.52 1.65
Rank within category 19 25 20 25 27 16
Number of funds in category 35 35 35 33 35 35

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 71 127 66 53
Modified Duration (yrs) 0.14 0.14 0.07 0.10
Average Maturity (yrs) 0.15 0.16 0.08 0.10
Yield to Maturity (%) 5.27 7.29 5.12 5.26

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 91-D 19/03/2020 Treasury Bills SOV 0.00 - 6.89 6.89
new Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 6.89 6.89
new HPCL 88-D 03/03/2020 Commercial Paper A1+ 0.00 - 4.93 4.93
equal Reserve Bank of India 364-D 30/01/2020 Treasury Bills SOV 0.00 - 4.66 4.66
new NTPC 91-D 17/03/2020 Commercial Paper A1+ 0.00 - 3.69 3.69
up Reserve Bank of India 91-D 30/01/2020 Treasury Bills SOV 0.00 - 3.57 3.57
up SIDBI 14/02/2020 Commercial Paper A1+ 0.00 - 3.46 3.46
new Power Finance Corp. 360-D 06/03/2020 Commercial Paper A1+ 0.00 - 2.96 2.96
new Ultratech Cement 75-D 26/02/2020 Commercial Paper A1+ 0.00 - 2.96 2.96
up Larsen & Toubro 182-D 28/02/2020 Commercial Paper A1+ 0.00 - 2.47 2.47
equal Reliance Retail Ltd. 60-D 14/01/2020 Commercial Paper A1+ 0.00 - 1.98 1.98
new Indian Oil Corp. 66-D 10/02/2020 Commercial Paper A1+ 0.00 - 1.98 1.98
equal Reliance Retail Ltd. 71-D 21/01/2020 Commercial Paper A1+ 0.00 - 1.98 1.98
new Reliance Retail Ltd. 44-D 16/01/2020 Commercial Paper A1+ 0.00 - 1.98 1.98
new Reserve Bank of India 182-D 14/02/2020 Treasury Bills SOV 0.00 - 1.98 1.98
new Reliance Jio Infocomm 91-D 28/02/2020 Commercial Paper A1+ 0.00 - 1.97 1.97
new National Bank Agr. Rur. Devp 91-D 12/03/2020 Commercial Paper A1+ 0.00 - 1.97 1.97
new National Housing Bank 90-D 17/03/2020 Commercial Paper A1+ 0.00 - 1.97 1.97
new Axis Finance 90-D 09/03/2020 Commercial Paper A1+ 0.00 - 1.97 1.97
new Shriram Transport Finance 85-D 20/03/2020 Commercial Paper A1+ 0.00 - 1.96 1.96
new BASF India 69-D 24/02/2020 Commercial Paper A1+ 0.00 - 1.48 1.48
new Chennai Petroleum Corp. 34-D 03/02/2020 Commercial Paper A1+ 0.00 - 1.48 1.48
new Muthoot Finance 91-D 23/03/2020 Commercial Paper A1+ 0.00 - 1.47 1.47
new 8.36% Power Finance Corp. 26/02/2020 Bonds AAA 0.00 - 1.34 1.34
new Redington India 60-D 04/02/2020 Commercial Paper A1+ 0.00 - 1.24 1.24

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-Dec-2019

Fund Manager

— Kedar Karnik since 18-Jul-2016

Education: Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.

Experience: Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..

Funds Managed:

— Rahul Vekaria since 01-Mar-2018

Education: Mr. Vakaria is CA and pursuing CFA Level II.

Experience: Prior to joining DSP Mutual Fund he has worked with Axis mutual Fund as a Fund Manager.

Funds Managed:


0.01%

Change from previous, NAV as on 25-Jan-2020

Growth: ₹ 2,808.7739

Dividend Weekly: ₹ 1,001.1812

Dividend Daily: ₹ 1,001.0763


Investment Strategy

The fund seeks to generate reasonable return commensurate with low risk and high degree of liquidity from a portfolio of money market and high quality debt securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.87%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 10,057 Cr (As on 31-Dec-2019)
Expense: 0.11% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Jan-20200.1023

 22-Jan-20200.1023
 21-Jan-20200.1028
 20-Jan-20200.1042
 19-Jan-20200.1078
 18-Jan-20200.2041
 16-Jan-20200.1012
 15-Jan-20200.1059
 14-Jan-20200.1027
 13-Jan-20200.0785
 12-Jan-20200.0699
 11-Jan-20200.2020
 09-Jan-20200.0689
 08-Jan-20200.0960
 07-Jan-20200.0907
 06-Jan-20200.0984
 05-Jan-20200.0981
 04-Jan-20200.1951
 02-Jan-20200.0903
 01-Jan-20200.1693
 31-Dec-20190.1208
 30-Dec-20190.0970
 29-Dec-20190.0966
 28-Dec-20190.2135
 26-Dec-20190.0982
Dividend Weekly22-Jan-20200.7230

 15-Jan-20200.6281
 08-Jan-20200.6688
 01-Jan-20200.7958
 25-Dec-20190.6855
 18-Dec-20190.6928
 11-Dec-20190.7355
 04-Dec-20190.6413
 27-Nov-20190.7189
 20-Nov-20190.7220
 13-Nov-20190.7153
 06-Nov-20190.6558
 30-Oct-20190.7637
 23-Oct-20190.6718
 16-Oct-20190.8363
 09-Oct-20190.8133
 02-Oct-20190.9367
 25-Sep-20190.6201
 18-Sep-20190.7405
 11-Sep-20190.7827
 04-Sep-20190.7857
 28-Aug-20190.7768
 21-Aug-20190.8469
 14-Aug-20190.7852
 07-Aug-20190.9129

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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