VR Logo

3 star

DSP Short Term Fund - Direct Plan


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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.

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 3.30 0.02 0.07 0.39 0.56 2.02 3.57 8.05 7.20 7.98 --
CCIL T Bill Liquidity Weight 1.83 -0.01 0.04 0.16 0.43 1.06 1.96 3.22 3.54 3.99 --
Debt: Short Duration 4.62 0.02 0.10 0.44 1.60 3.07 4.95 7.11 6.65 7.63 --
Rank within category 20 20 23 23 27 23 23 14 13 12 --
Number of funds in category 26 28 28 28 28 27 26 25 23 23 0

As on 30-Nov-2021

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 3.57 8.05 7.20 0.30% 3,196
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 5.03 9.11 7.89 0.37% 20,584
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.73 8.75 7.86 0.24% 19,407
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.33 8.75 7.66 0.34% 17,142
IDFC Bond Fund Short Term Plan - Direct Plan
4 star
Jan-13 3.96 8.36 7.50 0.30% 12,688

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.54 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.06 1.90 2.21 4.32 2.31 5.61
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Short Duration 7.17 3.55 1.71 3.06 0.71 3.74
Rank within category 13 12 13 10 22 11
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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 52 70 52 59
Modified Duration (yrs) 1.25 2.24 1.25 --
Average Maturity (yrs) 1.38 2.61 1.38 --
Yield to Maturity (%) 4.61 5.05 4.42 --
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
down 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.70 - 6.28 5.70
equal 6.55% National Housing Bank 17/04/2023 Debenture AAA 3.54 - 4.15 4.15
equal 5.40% HDFC 2023 Bonds/NCDs AAA 0.00 - 3.97 3.97
equal 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 2.67 - 3.95 3.91
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 3.46 3.46
equal 7.10% Bajaj Finance 2023 Debenture AAA 0.00 - 3.37 3.37
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 3.27 3.27
equal 7.89% Gujarat State 15/05/2025 State Development Loan SOV 0.00 - 2.95 2.95
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 1.77 - 2.90 2.90
equal 5.79% REC 20/03/2024 Debenture AAA 0.00 - 2.46 2.46
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 2.01 - 2.39 2.39
equal 5.23% LIC Housing Fin. 26/07/2023 Debenture AAA 0.00 - 2.37 2.37
equal 9.30% Export-Import Bank 2022 Bonds AAA 2.04 - 2.33 2.33
equal 7.29% SIDBI 2022 Debenture AAA 1.60 - 1.85 1.85
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.69 - 1.71 1.71
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 1.35 - 1.68 1.68
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 1.65 1.65
equal 5.30% HDFC 2023 Debenture AAA 0.00 - 1.63 1.63
equal 4.99% REC 31/01/2024 Debenture AAA 0.00 - 3.01 1.62
equal 5.45% LIC Housing Fin. 25/08/2023 Bonds/NCDs AAA 1.47 - 2.87 1.58
down 6.09% Power Finance Corporation 27/08/2026 Non Convertible Debenture AAA 0.00 - 2.29 1.58
new 5.23% National Bank Agr. Rur. Devp 31/01/2025 Non Convertible Debenture AAA 0.00 - 1.57 1.57
equal 4.71% HDFC 2023 Non Convertible Debenture AAA 0.00 - 1.56 1.56
equal 4.96% LIC Housing Fin. 14/09/2023 Non Convertible Debenture AAA 0.00 - 1.56 1.56
equal Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 1.54 1.54

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

— 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:

— Vikram Chopra since 17-Jul-2021

Education: Mr. Chopra is B.Com (H) and MBA from Institute of Management.

Experience: Prior to joining DSP Mutual Fund he has worked with L&T Mutual Fund, IDBI Bank Ltd. and Axis Bank Ltd.

Funds Managed:


0.02%

Change from previous, NAV as on 30-Nov-2021

Growth: ₹ 40.0670

IDCW Weekly: ₹ 10.1993

More

IDCW Quarterly: ₹ 12.2076

IDCW Monthly: ₹ 11.4889


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 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: 8.36%
Benchmark: CRISIL Short-Term Bond Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,196 Cr (As on 31-Oct-2021)
Expense: 0.30% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly26-Nov-20210.0384

 28-Oct-20210.0088
 28-Sep-20210.0208
 27-Aug-20210.0558
 28-Jul-20210.0786
 28-Jun-20210.0132
 28-May-20210.0554
 28-Apr-20210.0820
 26-Mar-20210.0113
 28-Dec-20200.0255
 27-Nov-20200.1077
 28-Oct-20200.1467
 28-Sep-20200.0414
 28-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
IDCW Weekly24-Nov-20210.0040

 17-Nov-20210.0082
 10-Nov-20210.0037
 07-Nov-20210.0089
 22-Sep-20210.0064
 15-Sep-20210.0041
 08-Sep-20210.0025
 01-Sep-20210.0236
 25-Aug-20210.0021
 19-Aug-20210.0269
 11-Aug-20210.0068
 04-Aug-20210.0135
 28-Jul-20210.0127
 21-Jul-20210.0154
 14-Jul-20210.0195
 07-Jul-20210.0045
 09-Jun-20210.0291
 02-Jun-20210.0011
 26-May-20210.0124
 19-May-20210.0112
 13-May-20210.0068
 05-May-20210.0183
 28-Apr-20210.0298
 21-Apr-20210.0131
 14-Apr-20210.0072
IDCW Quarterly26-Mar-20210.9163

 27-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

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