VR Logo

3 star

DSP Credit Risk Fund - Direct Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

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 3.62 0.04 0.07 0.32 0.60 1.37 3.89 3.49 3.95 5.85 --
CCIL T Bill Liquidity Weight 1.90 0.01 0.04 0.19 0.44 1.07 2.02 3.20 3.54 3.99 --
Debt: Credit Risk 9.41 0.05 0.11 0.43 3.51 5.69 9.91 3.35 4.44 7.12 --
Rank within category 16 13 12 12 15 16 16 12 13 10 --
Number of funds in category 16 16 16 16 16 16 16 16 15 12 0

As on 08-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Credit Risk Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.89 3.49 3.95 0.79% 239
HDFC Credit Risk Debt Fund - Direct Plan  | Invest Online
5 star
Mar-14 7.98 9.48 8.36 0.97% 8,757
ICICI Prudential Credit Risk Fund - Direct Plan  | Invest Now
5 star
Jan-13 7.23 9.32 8.66 0.87% 8,373
SBI Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.94 7.86 7.63 0.92% 3,319
Axis Credit Risk Fund - Direct Plan
4 star
Jul-14 7.27 7.48 7.41 0.81% 740

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.54 24-Mar-2020 - 31-Mar-2020 -4.17 11-Dec-2018 - 18-Dec-2018
Month 1.99 20-Aug-2013 - 19-Sep-2013 -3.71 05-Dec-2018 - 04-Jan-2019
Quarter 3.99 05-Jul-2016 - 05-Oct-2016 -3.44 18-Sep-2018 - 18-Dec-2018
Year 12.47 24-Nov-2015 - 24-Nov-2016 -3.90 21-Aug-2018 - 21-Aug-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.55 3.32 -0.07 -0.05 -1.92 -1.41
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Credit Risk 3.80 7.16 0.80 0.92 -5.08 -3.09
Rank within category 12 8 13 14 10 10
Number of funds in category 16 16 16 16 16 16

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 10 10 5 30
Modified Duration (yrs) 1.41 1.44 0.12 --
Average Maturity (yrs) 1.66 1.69 0.20 --
Yield to Maturity (%) 4.83 6.16 3.26 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 10.88 10.88
equal 9.81% Tata Motors 20/08/2024 Debenture AA- 0.00 - 9.38 9.38
equal 6.92% Godrej Industries 14/05/2025 Debenture AA 0.00 - 8.84 8.84
equal 6.50% Tata Realty and Infrastructure 23/09/2022 Debenture AA 0.00 - 8.82 8.82
new 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 8.79 8.79
equal 5.90% Bharti Hexacom 30/04/2024 Debenture AA+ 0.00 - 8.47 8.47
equal 9.25% Manappuram Finance 14/02/2022 Non Convertible Debenture AA 0.00 - 6.78 6.78
equal 5.35% Telesonic Network 28/04/2023 Debenture AA+ 0.00 - 5.53 5.53
equal 5.80% Aditya Birla Fashion and Retail 2024 Non Convertible Debenture AA 0.00 - 4.20 4.20
equal 9.60% Hindalco Inds. 2022 Bonds/NCDs AA+ 0.00 - 2.22 2.22

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-2021

*As on 31-Oct-2021

Fund Manager

— Laukik Bagwe since 18-Jul-2016

Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)

Experience: Prior to joining DSP Mutual Fund he has worked with Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.

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:


0.04%

Change from previous, NAV as on 08-Dec-2021

Growth: ₹ 32.7013

IDCW Weekly: ₹ 10.2563

More

IDCW Quarterly: ₹ 10.9266

IDCW Monthly: ₹ 10.6276

IDCW Daily: ₹ 10.2505

IDCW: ₹ 11.7388


Investment Strategy

The scheme seeks to generate returns commensurate with risk from a portfolio constituted of money market securities and debt securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period Not Applicable
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: 6.76%
Benchmark: CRISIL Short Term Credit Risk
Riskometer: High
Type: Open-ended
Assets: ₹ 239 Cr (As on 30-Nov-2021)
Expense: 0.79% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily07-Dec-20210.0025

 05-Dec-20210.0023
 02-Dec-20210.0005
 01-Dec-20210.0017
 30-Nov-20210.0001
 29-Nov-20210.0022
 28-Nov-20210.0032
 25-Nov-20210.0045
 24-Nov-20210.0010
 23-Nov-20210.0003
 22-Nov-20210.0003
 21-Nov-20210.0026
 17-Nov-20210.0028
 16-Nov-20210.0015
 15-Nov-20210.0002
 14-Nov-20210.0028
 09-Nov-20210.0007
 08-Nov-20210.0041
 07-Nov-20210.0102
 02-Nov-20210.0014
 13-Oct-20210.0014
 12-Oct-20210.0023
 22-Sep-20210.0022
 21-Sep-20210.0004
 20-Sep-20210.0006
IDCW Weekly01-Dec-20210.0116

 24-Nov-20210.0040
 17-Nov-20210.0105
 10-Nov-20210.0016
 07-Nov-20210.0112
 13-Oct-20210.0039
 22-Sep-20210.0060
 15-Sep-20210.0056
 08-Sep-20210.0068
 01-Sep-20210.0065
 25-Aug-20210.0034
 19-Aug-20210.0058
 11-Aug-20210.0037
 04-Aug-20210.0034
 28-Jul-20210.0071
 21-Jul-20210.0070
 14-Jul-20210.0089
 07-Jul-20210.0076
 30-Jun-20210.0053
 23-Jun-20210.0064
 16-Jun-20210.0059
 09-Jun-20210.0078
 02-Jun-20210.0086
 26-May-20210.0068
 19-May-20210.0063
IDCW Monthly26-Nov-20210.0358

 28-Oct-20210.0082
 28-Sep-20210.0157
 27-Aug-20210.0172
 28-Jul-20210.0324
 28-Jun-20210.0279
 28-May-20210.0566
 28-Apr-20210.0455
 26-Mar-20210.0384
 26-Feb-20210.0379
 28-Jan-20210.0340
 28-Dec-20200.0320
 27-Nov-20200.0477
 28-Oct-20200.0532
 28-Sep-20200.1861
 28-Aug-20200.0178
 27-Mar-20200.0221
 28-Feb-20200.0690
 28-Jan-20200.0156
 28-Aug-20180.0479
 27-Jul-20180.0589
 28-Jun-20180.0223
 28-Mar-20180.1029
 28-Feb-20180.0039
 25-Jan-20180.0376
IDCW Quarterly28-Sep-20210.0748

 28-Jun-20210.1327
 26-Mar-20210.1014
 28-Dec-20200.1349
 28-Sep-20200.2042
 27-Mar-20200.0609
 27-Dec-20190.0479
 28-Jun-20180.0200
 28-Mar-20180.0998
 28-Dec-20170.0617
 28-Sep-20170.1418
 28-Jun-20170.1822
 27-Mar-20170.1077
 28-Dec-20160.1612
 28-Sep-20160.2537
 28-Jun-20160.1832
 28-Mar-20160.1698
 28-Dec-20150.1594
 28-Sep-20150.1811
 26-Jun-20150.1419
 27-Mar-20150.1813
 26-Dec-20140.2104
 26-Sep-20140.1305
 27-Jun-20140.2345
 28-Mar-20140.1663
IDCW26-Mar-20210.4956

 27-Mar-20200.1621
 28-Mar-20180.5356
 27-Mar-20170.8140
 28-Mar-20160.7755
 27-Mar-20150.4465
 26-Sep-20140.1401
 27-Jun-20140.2519
 28-Mar-20140.1786
 27-Dec-20130.2230
 27-Sep-20130.0739
 28-May-20130.2199
 28-Mar-20130.1731

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

Stocks or Equity Funds for the long term?

DateFriday, 10-Dec-2021
Time12:30 PM - 01:00 PM

attending You have reserved a spot