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3 star

DSP Ultra Short Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

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.

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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 3.30 0.01 0.08 0.33 0.76 1.78 3.60 5.47 5.97 6.68 --
CCIL T Bill Liquidity Weight 1.85 0.00 0.04 0.19 0.43 1.06 2.01 3.22 3.53 3.99 --
Debt: Ultra Short Duration 3.71 0.01 0.07 0.33 0.96 2.11 4.00 5.81 6.02 6.78 --
Rank within category 18 10 9 17 25 20 18 15 10 10 --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 0

As on 02-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Ultra Short Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.60 5.47 5.97 0.30% 3,542
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.09 6.76 6.92 0.34% 17,500
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.90 6.40 -- 0.34% 16,432
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.64 6.22 6.62 0.33% 13,153
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.56 6.06 6.54 0.31% 11,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.05 24-Mar-2020 - 31-Mar-2020 -0.93 17-Dec-2018 - 24-Dec-2018
Month 1.68 24-Mar-2020 - 23-Apr-2020 -0.40 27-Aug-2018 - 26-Sep-2018
Quarter 3.43 24-Jul-2013 - 23-Oct-2013 0.49 24-Dec-2019 - 24-Mar-2020
Year 10.66 24-Jul-2013 - 24-Jul-2014 3.56 25-Nov-2020 - 25-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.35 0.82 1.91 2.77 1.24 2.32
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration 5.68 1.35 2.25 5.69 1.05 2.53
Rank within category 16 14 14 16 11 13
Number of funds in category 20 20 20 19 20 20

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 40 42 35 41
Modified Duration (yrs) 0.38 0.43 0.28 --
Average Maturity (yrs) 0.40 0.45 0.29 --
Yield to Maturity (%) 4.06 4.06 3.35 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Export-Import Bank 14/12/2021 Certificate of Deposit A1+ 0.00 - 7.70 7.03
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 6.69 6.10
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 7.96 4.97
equal ICICI Securities 269-D 25/03/2022 Commercial Paper A1+ 0.00 - 4.56 4.16
new Jamnagar Utilities and Power 335-D 21/09/2022 Commercial Paper A1+ 0.00 - 4.07 4.07
up 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 3.64 3.64
equal 7.39% LIC Housing Fin. 30/08/2022 Debenture AAA 0.00 - 3.20 2.92
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 3.09 2.82
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 3.08 2.81
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 3.08 2.81
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 3.08 2.81
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 3.06 2.79
equal Cholamandalam Investment & Finance Company 266-D 28/01/2022 Commercial Paper A1+ 0.00 - 3.06 2.79
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 3.05 2.78
equal IDFC First Bank 14/03/2022 Certificate of Deposit A1+ 0.00 - 3.05 2.78
equal Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 3.03 2.77
equal Tata Capital Housing Finance 347-D 28/06/2022 Commercial Paper A1+ 0.00 - 3.01 2.75
equal Bahadur Chand Investments 364-D 16/09/2022 Commercial Paper A1+ 0.00 - 2.95 2.69
up 6.90% REC 30/06/2022 Debenture AAA 0.00 - 2.50 2.50
new 7.70% National Bank Agr. Rur. Devp 20-D 13/06/2022 Non Convertible Debenture AAA 0.00 - 2.22 2.22
equal 7.20% Cholamandalam Investment & Finance Company 17/06/2022 Debenture AA+ 0.00 - 1.93 1.76
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.65 1.51
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 1.63 1.49
new 8.20% Power Finance Corporation 27/05/2022 Non Convertible Debenture AAA 0.00 - 1.49 1.49
equal 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 1.61 1.47

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-Oct-2021

Fund Manager

— Karan Mundra since 01-May-2021

Education: Mr. Mundra is a B. COM. and Charted Accountant (CA)

Experience: He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.

Funds Managed:

— 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:


0.01%

Change from previous, NAV as on 02-Dec-2021

Growth: ₹ 2,922.9776

IDCW Weekly: ₹ 1,005.0460

More

IDCW Monthly: ₹ 1,062.5137

IDCW Daily: ₹ 1,005.3951

IDCW: ₹ 1,104.9816


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 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.29%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,542 Cr (As on 31-Oct-2021)
Expense: 0.30% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-Dec-20210.1320

 30-Nov-20210.1756
 29-Nov-20210.1176
 28-Nov-20210.2280
 25-Nov-20210.1340
 24-Nov-20210.0927
 22-Nov-20210.0731
 21-Nov-20210.3093
 17-Nov-20210.0962
 16-Nov-20210.1043
 15-Nov-20210.1263
 14-Nov-20210.3368
 11-Nov-20210.1075
 10-Nov-20210.1387
 09-Nov-20210.1105
 08-Nov-20210.2184
 07-Nov-20210.6805
 02-Nov-20210.1592
 01-Nov-20210.0893
 31-Oct-20210.1385
 24-Oct-20210.1629
 21-Oct-20210.0570
 20-Oct-20210.0920
 19-Oct-20210.1334
 17-Oct-20210.2741
IDCW Weekly01-Dec-20210.7865

 24-Nov-20210.4745
 17-Nov-20210.7711
 10-Nov-20210.4676
 07-Nov-20211.2420
 27-Oct-20210.0451
 20-Oct-20210.4992
 13-Oct-20211.0294
 06-Oct-20210.4194
 29-Sep-20210.2035
 22-Sep-20210.5748
 15-Sep-20210.5728
 08-Sep-20210.5741
 01-Sep-20210.8669
 25-Aug-20210.6367
 19-Aug-20211.1065
 11-Aug-20210.7168
 04-Aug-20210.6479
 28-Jul-20210.7760
 21-Jul-20210.8056
 14-Jul-20210.7843
 07-Jul-20210.8332
 30-Jun-20210.8309
 23-Jun-20210.7622
 16-Jun-20210.3520
IDCW Monthly26-Nov-20213.1757

 28-Oct-20212.1554
 28-Sep-20212.5025
 27-Aug-20213.4215
 28-Jul-20213.6112
 28-Jun-20212.7516
 28-May-20212.7674
 28-Apr-20213.3915
 26-Mar-20213.1859
 26-Feb-20213.1245
 28-Jan-20212.0406
 28-Dec-20202.4509
 27-Nov-20203.3104
 28-Oct-20204.6156
 28-Sep-20202.8587
 28-Aug-20203.2320
 28-Jul-20203.5768
 26-Jun-20204.5016
 28-May-20209.5215
 28-Apr-20206.1298
 27-Mar-20202.1323
 28-Feb-20203.5168
 28-Jan-20203.8465
 27-Dec-20192.7472
 28-Nov-20194.4218
IDCW28-Sep-20219.9587

 28-Jun-20218.9499
 26-Mar-20217.2655
 28-Dec-202010.4181
 28-Sep-20209.6588
 26-Jun-202019.3770
 27-Mar-20205.4910
 27-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

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

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