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DSP Government Securities Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharper ups and downs because of changes in interest rates.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 11.23 -0.90 0.02 11.79 6.98 8.61 --
CCIL All Sovereign Bond - TRI 9.72 -0.76 -0.55 10.83 6.30 8.51 --
Debt: Gilt 9.45 -0.75 -0.27 10.04 6.16 8.30 --
Rank within category 3 14 7 3 7 8 --
Number of funds in category 21 21 21 21 21 21 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 5.79 (25-Oct-2016 - 24-Nov-2016) -4.67 (15-Jul-2013 - 14-Aug-2013)
Quarter 8.48 (16-Apr-2019 - 16-Jul-2019) -6.78 (20-May-2013 - 19-Aug-2013)
Year 19.39 (24-Nov-2015 - 24-Nov-2016) -2.78 (16-May-2013 - 16-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.75 4.61 0.21 0.31 0.80 0.66
CCIL All Sovereign Bond - TRI 6.17 5.52 0.07 0.12 -- --
Debt: Gilt 6.02 4.48 0.07 0.17 0.76 -0.06
Rank within category 7 13 7 8 14 7
Number of funds in category 21 21 21 21 21 21

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 8 1 8
Modified Duration (yrs) 6.38 7.04 1.86 5.61
Average Maturity (yrs) 10.38 11.13 2.59 8.23
Yield to Maturity (%) 6.78 7.60 6.44 6.55

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 32.95 32.95
down 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 29.39 23.98
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 21.39 21.39
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 21.52 10.67
new 6.57% GOI 2033 GOI Securities SOV 0.00 - 17.54 10.09

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

As on 30-Nov-2019

Fund Manager

— Saurabh Bhatia since 01-Mar-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:

— 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:


-0.17%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 66.3639

Dividend Monthly: ₹ 10.6242

Dividend Half Yearly: ₹ 12.0616


Investment Strategy

The scheme seeks to generate returns through investments in central government securities with maturity between one and 30 years.

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: 01-Jan-2013
Benchmark: I-SEC Li-BEX
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 542 Cr (As on 30-Nov-2019)
Expense: 0.54% (As on 30-Nov-2019)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly27-Sep-20190.7669

 28-Mar-20190.5651
 30-Sep-20180.0708
 28-Sep-20170.3288
 27-Mar-20170.2164
 28-Sep-20160.8112
 28-Mar-20160.2261
 28-Sep-20150.1973
 27-Mar-20150.8686
 26-Sep-20140.0911
 28-May-20130.5798
 28-Mar-20130.2150
Dividend Monthly28-Nov-20190.0588

 25-Oct-20190.0706
 28-Aug-20190.0451
 26-Jul-20190.1778
 28-Jun-20190.1734
 28-May-20190.1603
 26-Apr-20190.0167
 28-Mar-20190.1303
 28-Feb-20190.0455
 28-Dec-20180.1313
 28-Nov-20180.1252
 26-Oct-20180.0624
 30-Sep-20180.0330
 28-Aug-20180.0135
 27-Jul-20180.0201
 28-Aug-20170.0134
 28-Jul-20170.0391
 28-Jun-20170.1169
 28-Nov-20160.3743
 28-Oct-20160.0510
 28-Sep-20160.1372
 26-Aug-20160.1174
 28-Jul-20160.2654
 28-Jun-20160.0746
 27-May-20160.0137

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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM