Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.
Taxability of earnings:
|Debt: Ultra Short Duration||0.19||0.05||-0.06||0.35||1.36||3.38||7.00||6.66||7.47||8.29||--|
|Rank within category||9||14||25||12||11||10||7||11||11||12||--|
|Number of funds in category||28||28||28||28||27||26||23||17||17||15||0|
As on 20-Jan-2020
|Best (Period)||Worst (Period)|
|Week||-- ( - )||-- ( - )|
|Month||1.55 (30-Aug-2013 - 01-Oct-2013)||-0.40 (27-Aug-2018 - 26-Sep-2018)|
|Quarter||3.43 (24-Jul-2013 - 23-Oct-2013)||0.88 (27-Jun-2018 - 26-Sep-2018)|
|Year||10.66 (24-Jul-2013 - 24-Jul-2014)||5.61 (18-Dec-2017 - 18-Dec-2018)|
|Debt: Ultra Short Duration||6.73||1.54||2.18||4.45||1.44||3.37|
|Rank within category||13||12||13||13||14||12|
|Number of funds in category||19||19||19||19||19||19|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Dec-2019
|Fund||1Y High||1Y Low||Category|
|Number of Securities||48||66||44||40|
|Modified Duration (yrs)||0.46||0.46||0.35||0.37|
|Average Maturity (yrs)||0.49||0.49||0.37||0.45|
|Yield to Maturity (%)||6.06||8.06||5.65||6.25|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Bank of Baroda 2020||Certificate of Deposit||A1+||0.00 - 7.96||6.99|
|8.53% Power Finance Corp. 24/07/2020||Bonds/Debentures||AAA||0.00 - 4.63||4.63|
|Tata Realty and Infrastructure 259-D 24/03/2020||Commercial Paper||A1+||0.00 - 4.14||4.14|
|6.87% REC 24/09/2020||Debenture||AAA||0.00 - 4.09||4.09|
|Bajaj Finance 366-D 24/06/2020||Commercial Paper||A1+||0.00 - 4.09||4.09|
|Axis Bank 24/07/2020||Certificate of Deposit||A1+||0.00 - 4.07||4.07|
|Kotak Mahindra Prime 264-D 20/07/2020||Commercial Paper||A1+||0.00 - 4.06||4.06|
|Export-Import Bank 182-D 16/03/2020||Commercial Paper||A1+||0.00 - 3.97||3.16|
|HDFC 337-D 26/05/2020||Commercial Paper||A1+||0.00 - 3.08||3.08|
|National Bank Agr. Rur. Devp 2020||Certificate of Deposit||A1+||0.00 - 3.08||3.08|
|National Bank Agr. Rur. Devp 2020||Certificate of Deposit||A1+||0.00 - 3.18||3.05|
|ICICI Bank 14/09/2020||Certificate of Deposit||A1+||0.00 - 3.03||3.03|
|8.68% Grasim Industries 2020||Debenture||AAA||0.00 - 2.27||2.27|
|Standard Chartered Invest&Loan 176-D 09/06/2020||Commercial Paper||A1+||0.00 - 2.24||2.24|
|6.83% REC 29/06/2020||Debenture||AAA||0.00 - 2.24||2.24|
|8.51% HDFC 15/07/2020||Non Convertible Debenture||AAA||0.00 - 2.21||2.21|
|7.78% LIC Housing Fin. 24/06/2020||Debenture||AAA||0.00 - 2.20||2.20|
|8.37% REC 14/08/2020||Bonds||AAA||0.00 - 2.14||2.14|
|Reliance Retail Ltd. 150-D 30/04/2020||Commercial Paper||A1+||0.00 - 2.06||2.06|
|Indian Bank 2020||Certificate of Deposit||A1+||0.00 - 2.06||2.06|
|Tata Capital Financial Services 180-D 18/05/2020||Commercial Paper||A1+||0.00 - 2.05||2.05|
|SIDBI 24/06/2020||Certificate of Deposit||A1+||0.00 - 2.05||2.05|
|Axis Bank 29/06/2020||Certificate of Deposit||A1+||0.00 - 2.05||2.05|
|Reliance Industries 179-D 29/05/2020||Commercial Paper||A1+||0.00 - 2.05||2.05|
|Indian Bank 15/07/2020||Certificate of Deposit||A1+||0.00 - 2.04||2.04|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2019
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..
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.
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The scheme aims to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities.
|Minimum Investment (₹)||500|
|Minimum Addl Investment (₹)||500|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||500|
|Fund House:||DSP Mutual Fund|
|Return Since Launch:||8.05%|
|Benchmark:||CRISIL Ultra ST Debt|
|Assets:||₹ 2,377 Cr (As on 31-Dec-2019)|
|Expense:||0.24% (As on 31-Dec-2019)|
|Plan||Record Date||Dividend (₹ / Unit)|
Fund News - 15-Jul-2016
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
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
Email: [email protected]