VR Logo

5 star

DSP Government Securities Fund - Direct Plan


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh

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 sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 10.52 -0.31 -0.20 0.52 2.41 8.67 12.59 9.80 10.53 9.89 --
CCIL All Sovereign Bond - TRI 10.91 -0.06 0.20 1.33 3.94 8.92 11.51 9.53 10.37 10.55 --
Debt: Gilt 9.22 -0.25 -0.16 0.57 2.24 7.36 10.28 8.38 9.81 10.06 --
Rank within category 5 19 18 14 7 2 3 4 6 11 --
Number of funds in category 21 21 21 21 21 21 21 21 21 20 0

As on 06-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Government Securities Fund - Direct Plan  | Invest Online
5 star
Jan-13 12.59 9.80 10.53 0.56 918
SBI Magnum Gilt Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.52 9.01 10.62 0.50 3,415
Nippon India Gilt Securities Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.80 10.04 11.61 0.62 1,452
IDFC Government Securities Fund - Investment Plan - Direct Plan
4 star
Jan-13 13.81 10.24 10.94 0.54 1,163
Aditya Birla Sun Life Government Securities Fund - Direct Plan  | Invest Online
4 star
Jan-13 10.83 8.91 10.86 0.58 540

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.23 (16-Apr-2020 - 23-Apr-2020) -3.19 (02-Feb-2017 - 09-Feb-2017)
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 9.70 3.99 1.12 2.42 0.78 1.23
CCIL All Sovereign Bond - TRI 9.37 4.78 0.87 2.01 -- --
Debt: Gilt 8.35 3.90 0.82 1.84 0.75 0.03
Rank within category 3 13 4 4 15 4
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 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 8 3 8
Modified Duration (yrs) 7.06 7.71 5.46 --
Average Maturity (yrs) 10.33 11.70 9.46 --
Yield to Maturity (%) 6.17 6.84 6.10 --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 63.39 47.14
down 7.57% GOI 17/06/2033 GOI Securities SOV 4.63 - 52.11 33.20
down 7.95% GOI 2032 GOI Securities SOV 0.00 - 14.55 12.64
new 7.17% GOI 2028 GOI Securities SOV 0.00 - 11.21 6.02

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-Jun-2020

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:


-0.31%

Change from previous, NAV as on 06-Aug-2020

Growth: ₹ 74.6552

Dividend Monthly: ₹ 10.7345

Dividend Half Yearly: ₹ 12.9911


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
Return Since Launch: 9.44%
Benchmark: I-SEC Li-BEX
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 918 Cr (As on 30-Jun-2020)
Expense: 0.56% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Jul-20200.1188

 26-Jun-20200.0130
 28-May-20200.2874
 28-Apr-20200.2355
 27-Mar-20200.0857
 28-Feb-20200.2201
 28-Jan-20200.0341
 27-Dec-20190.0312
 28-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
Dividend Half Yearly27-Mar-20200.3903

 27-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

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

VR Helpline

Is the worst behind us?

dateSaturday, 08-Aug-2020
time04:00 PM - 04:30 PM