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3 star

DSP Short Term Fund - Direct Plan


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable 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 7.31 0.08 0.06 0.27 3.34 5.21 10.58 8.34 8.68 9.31 --
CCIL T Bill Liquidity Weight 2.24 0.03 0.04 0.17 0.63 1.78 3.66 4.05 4.25 4.79 --
Debt: Short Duration 6.92 0.06 0.04 0.25 4.25 5.12 9.20 6.81 7.79 8.56 --
Rank within category 18 6 10 10 20 21 16 12 10 9 --
Number of funds in category 27 27 27 27 27 27 27 24 24 23 0

As on 13-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Short Term Fund - Direct Plan  | Invest Online
3 star
Jan-13 10.58 8.34 8.68 0.30 3,878
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
4 star
Jan-13 11.80 8.83 9.45 0.40 17,466
SBI Short Term Debt Fund - Direct Plan
4 star
Jan-13 10.81 8.51 8.84 0.34 15,937
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.15 8.91 9.13 0.34 14,193
IDFC Bond Fund Short Term Plan - Direct Plan
4 star
Jan-13 11.02 8.79 8.78 0.28 12,857

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.46 (24-Mar-2020 - 31-Mar-2020) -1.93 (12-Mar-2020 - 19-Mar-2020)
Month 3.68 (24-Mar-2020 - 23-Apr-2020) -2.41 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.36 (24-Mar-2020 - 24-Jun-2020) -1.27 (21-May-2013 - 20-Aug-2013)
Year 11.97 (31-Jan-2014 - 02-Feb-2015) 4.03 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.16 1.86 1.58 3.01 1.77 5.05
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Short Duration 6.82 3.47 1.07 2.12 0.40 2.06
Rank within category 12 11 12 12 21 5
Number of funds in category 25 25 25 25 25 25

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 77 77 60 59
Modified Duration (yrs) 2.17 2.68 2.02 2.33
Average Maturity (yrs) 2.49 3.28 2.39 2.87
Yield to Maturity (%) 4.77 7.08 4.77 5.68

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 8.46 8.46
down 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 4.69 - 7.12 6.04
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 4.59 4.59
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 6.85 3.58
up 6.55% National Housing Bank 17/04/2023 Debenture AAA 0.00 - 5.65 3.42
new HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 3.38 3.38
up 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 3.28 3.28
down 7.59% GOI 2026 GOI Securities SOV 0.00 - 4.14 2.85
equal 6.35% Export-Import Bank 18/02/2025 Debenture AAA 0.00 - 3.20 2.75
up 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 2.68 2.68
up 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 8.32 2.36
down 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.00 - 6.49 2.26
up 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 2.24 2.24
new 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 2.11 2.11
equal 9.30% Export-Import Bank 2022 Bonds AAA 0.53 - 2.54 1.98
up 6.60% REC 21/03/2022 Debenture AAA 0.00 - 1.88 1.88
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 1.92 1.65
down 8.15% State Bank of India Bonds AA+ 0.00 - 2.92 1.57
equal HPCL 14/08/2024 Debenture AAA 1.46 - 8.38 1.46
new 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 0.00 - 1.43 1.43
new 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 1.43 1.43
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 1.57 1.41
down 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 1.40 - 4.16 1.40
down 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 4.88 1.39
down 6.18% GOI 2024 GOI Securities SOV 0.00 - 4.63 1.37

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-Jul-2020

Fund Manager

— Laukik Bagwe since 18-Jul-2016

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

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

Funds Managed:

— Saurabh Bhatia since 14-Feb-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:


0.08%

Change from previous, NAV as on 13-Aug-2020

Growth: ₹ 37.7719

Dividend Weekly: ₹ 10.1910

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Dividend Quarterly: ₹ 12.3999

Dividend Monthly: ₹ 11.4955


Investment Strategy

The scheme seeks to generate income commensurate with prudent 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 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: 9.01%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,878 Cr (As on 31-Jul-2020)
Expense: 0.30% (As on 31-Jul-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly12-Aug-20200.0057

 05-Aug-20200.0107
 29-Jul-20200.0006
 22-Jul-20200.0024
 15-Jul-20200.0223
 08-Jul-20200.0332
 01-Jul-20200.0341
 24-Jun-20200.0360
 17-Jun-20200.0451
 10-Jun-20200.0200
 03-Jun-20200.0011
 27-May-20200.0374
 20-May-20200.0543
 13-May-20200.0296
 07-May-20200.0443
 22-Apr-20200.0951
 04-Mar-20200.0173
 26-Feb-20200.0042
 19-Feb-20200.0040
 12-Feb-20200.0324
 05-Feb-20200.0486
 29-Jan-20200.0164
 22-Jan-20200.0229
 15-Jan-20200.0015
 08-Jan-20200.0142
Dividend Monthly28-Jul-20200.0944

 26-Jun-20200.1269
 28-May-20200.2499
 28-Apr-20200.0756
 28-Feb-20200.0974
 28-Jan-20200.0697
 27-Dec-20190.0009
 28-Nov-20190.0833
 25-Oct-20190.0869
 27-Sep-20190.0130
 28-Aug-20190.1052
 26-Jul-20190.0814
 28-Jun-20190.0444
 28-May-20190.1140
 28-Mar-20190.0920
 28-Feb-20190.0529
 28-Jan-20190.0447
 28-Dec-20180.0704
 28-Nov-20180.0849
 26-Oct-20180.0479
 30-Sep-20180.0048
 28-Aug-20180.0503
 27-Jul-20180.0664
 28-Jun-20180.0045
 28-Mar-20180.0900
Dividend Quarterly27-Mar-20200.5590

 28-Mar-20190.5626
 28-Mar-20180.5335
 27-Mar-20170.9134
 28-Mar-20160.5544
 27-Mar-20150.3779
 26-Sep-20140.0693
 27-Jun-20140.2381
 28-Mar-20140.0314
 27-Dec-20130.2088
 27-Sep-20130.0549
 28-May-20130.2272
 28-Mar-20130.1677

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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