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DSP Ultra Short Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

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:

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 0.35 0.05 0.08 0.49 1.58 3.60 7.97 6.89 7.45 8.04 --
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 & Worst Performance

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)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.71 0.85 1.16 1.03 1.47 3.40
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

Portfolio Aggregates

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

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 7.96 6.99
up 8.53% Power Finance Corp. 24/07/2020 Bonds/Debentures AAA 0.00 - 4.63 4.63
equal Tata Realty and Infrastructure 259-D 24/03/2020 Commercial Paper A1+ 0.00 - 4.14 4.14
equal 6.87% REC 24/09/2020 Debenture AAA 0.00 - 4.09 4.09
equal Bajaj Finance 366-D 24/06/2020 Commercial Paper A1+ 0.00 - 4.09 4.09
equal Axis Bank 24/07/2020 Certificate of Deposit A1+ 0.00 - 4.07 4.07
equal Kotak Mahindra Prime 264-D 20/07/2020 Commercial Paper A1+ 0.00 - 4.06 4.06
down Export-Import Bank 182-D 16/03/2020 Commercial Paper A1+ 0.00 - 3.97 3.16
equal HDFC 337-D 26/05/2020 Commercial Paper A1+ 0.00 - 3.08 3.08
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 3.08 3.08
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 3.18 3.05
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 3.03 3.03
equal 8.68% Grasim Industries 2020 Debenture AAA 0.00 - 2.27 2.27
new Standard Chartered Invest&Loan 176-D 09/06/2020 Commercial Paper A1+ 0.00 - 2.24 2.24
equal 6.83% REC 29/06/2020 Debenture AAA 0.00 - 2.24 2.24
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 2.21 2.21
equal 7.78% LIC Housing Fin. 24/06/2020 Debenture AAA 0.00 - 2.20 2.20
equal 8.37% REC 14/08/2020 Bonds AAA 0.00 - 2.14 2.14
new Reliance Retail Ltd. 150-D 30/04/2020 Commercial Paper A1+ 0.00 - 2.06 2.06
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 2.06 2.06
equal Tata Capital Financial Services 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 2.05 2.05
equal SIDBI 24/06/2020 Certificate of Deposit A1+ 0.00 - 2.05 2.05
new Axis Bank 29/06/2020 Certificate of Deposit A1+ 0.00 - 2.05 2.05
new Reliance Industries 179-D 29/05/2020 Commercial Paper A1+ 0.00 - 2.05 2.05
new Indian Bank 15/07/2020 Certificate of Deposit A1+ 0.00 - 2.04 2.04

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 14-Feb-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:


0.05%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 2,692.4763

Dividend Weekly: ₹ 1,004.7261

More

Dividend Monthly: ₹ 1,060.6855

Dividend Daily: ₹ 1,004.2306

Dividend: ₹ 1,087.6345


Investment Strategy

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.

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: 8.05%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,377 Cr (As on 31-Dec-2019)
Expense: 0.24% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily16-Jan-20200.1475

 15-Jan-20200.0715
 12-Jan-20200.3528
 09-Jan-20200.0839
 08-Jan-20200.1758
 07-Jan-20200.2025
 06-Jan-20200.1723
 05-Jan-20200.3367
 02-Jan-20200.1802
 01-Jan-20200.2435
 31-Dec-20190.2352
 30-Dec-20190.1075
 29-Dec-20190.2955
 26-Dec-20190.1368
 25-Dec-20190.1709
 23-Dec-20190.0108
 22-Dec-20190.2967
 19-Dec-20190.0489
 18-Dec-20190.0716
 17-Dec-20190.0911
 16-Dec-20190.1475
 13-Dec-20190.3272
 12-Dec-20190.1061
 11-Dec-20190.1254
 10-Dec-20190.1144
Dividend Weekly15-Jan-20200.5081

 08-Jan-20201.0678
 01-Jan-20201.0189
 25-Dec-20190.5271
 18-Dec-20190.7436
 11-Dec-20190.8961
 04-Dec-20190.4513
 27-Nov-20190.9114
 20-Nov-20191.1786
 13-Nov-20190.9083
 06-Nov-20190.5072
 30-Oct-20191.3319
 23-Oct-20190.9173
 16-Oct-20191.3352
 09-Oct-20191.0825
 02-Oct-20191.6368
 25-Sep-20190.2644
 18-Sep-20190.8224
 11-Sep-20190.9917
 04-Sep-20191.0994
 28-Aug-20191.2943
 21-Aug-20190.8636
 15-Aug-20190.9553
 07-Aug-20191.5811
 31-Jul-20191.6179
Dividend27-Dec-201912.0006

 27-Sep-201915.2732
 28-Jun-201913.8118
 28-Mar-201914.1274
 28-Dec-20185.7095
 30-Sep-20186.4866
 28-Jun-201810.9539
 28-Mar-201812.2855
 28-Dec-201710.6046
 28-Sep-201712.2966
 28-Jun-201724.9805
 27-Mar-201711.5231
 28-Dec-201612.3118
 28-Mar-201660.5600
 27-Mar-201533.0879
 26-Sep-2014137.7999
Dividend Monthly27-Dec-20192.7472

 28-Nov-20194.4218
 25-Oct-20194.5055
 27-Sep-20193.4859
 28-Aug-20195.7938
 26-Jul-20195.2670
 28-Jun-20194.5686
 28-May-20195.4577
 26-Apr-20193.5642
 28-Mar-20194.7064
 28-Feb-20194.8266
 28-Jan-20192.5903
 28-Nov-20185.2022
 26-Oct-20182.6477
 28-Aug-20184.5961
 27-Jul-20184.3626
 28-Jun-20185.8120
 28-May-20182.5479
 27-Apr-20182.2063
 28-Mar-20185.8919
 28-Feb-20184.3592
 25-Jan-20183.0922
 28-Dec-20173.1397
 28-Nov-20173.7297
 27-Oct-20173.7400

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

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM