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DSP Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame 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, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 9.31 0.09 1.71 10.00 7.54 8.29 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Short Duration 4.97 0.21 2.23 5.63 6.06 7.29 --
Rank within category 12 25 18 12 10 13 --
Number of funds in category 28 29 29 28 26 26 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 2.01 (28-Aug-2013 - 27-Sep-2013) -1.64 (24-Jun-2013 - 24-Jul-2013)
Quarter 3.88 (29-Aug-2013 - 28-Nov-2013) -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 7.30 1.74 0.88 1.43 4.33 8.75
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Short Duration 6.01 3.03 0.53 1.06 3.67 6.35
Rank within category 12 12 13 13 20 5
Number of funds in category 27 27 27 27 27 27

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 66 71 65 57
Modified Duration (yrs) 2.42 2.42 1.25 2.13
Average Maturity (yrs) 2.89 2.89 1.44 2.63
Yield to Maturity (%) 6.77 8.40 6.77 7.26

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up HPCL 14/08/2024 Debenture AAA 0.00 - 8.38 8.38
up 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 6.08 6.08
up 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 7.67 5.73
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 8.07 3.82
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 3.98 3.55
down 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 4.19 3.50
down 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 7.81 3.14
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 6.05 2.66
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.64 2.64
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 2.72 2.59
equal 9.17% LIC Housing Fin. 24/03/2022 Debenture AAA 0.00 - 3.09 2.57
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 4.22 2.44
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.63 - 2.24 1.99
equal 8.25% IRFC 28/02/2024 Debenture AAA 0.00 - 2.00 1.91
equal Kotak Mahindra Prime 14/04/2020 Bonds/NCDs AAA 1.91 - 2.20 1.91
new 7.40% REC 26/11/2024 Bonds/NCDs AAA 0.00 - 1.80 1.80
down 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 2.78 1.77
equal 7.90% L&T Infra Debt Fund 13/05/2020 Bonds AAA 1.72 - 2.13 1.72
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 8.03 1.71
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 1.78 1.70
new 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 1.67 1.67
equal 7.25% Bajaj Finance 2020 Debenture AAA 0.00 - 1.86 1.65
new 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 1.64 1.64
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.00 - 1.75 1.64
equal 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 0.00 - 2.58 1.62

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 30-Nov-2019

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:


-0.05%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 35.0195

Dividend Weekly: ₹ 10.1340

More

Dividend Quarterly: ₹ 12.2546

Dividend Monthly: ₹ 11.4029


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
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,069 Cr (As on 30-Nov-2019)
Expense: 0.25% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-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
 28-Feb-20180.0192
 25-Jan-20180.0200
 28-Nov-20170.0073
 27-Oct-20170.0437
 28-Sep-20170.0241
 28-Aug-20170.0500
 28-Jul-20170.0844
Dividend Quarterly28-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
Dividend Weekly27-Nov-20190.0149

 20-Nov-20190.0188
 13-Nov-20190.0111
 06-Nov-20190.0078
 30-Oct-20190.0290
 23-Oct-20190.0242
 16-Oct-20190.0209
 09-Oct-20190.0075
 02-Oct-20190.0188
 18-Sep-20190.0076
 11-Sep-20190.0040
 04-Sep-20190.0155
 28-Aug-20190.0174
 21-Aug-20190.0165
 07-Aug-20190.0374
 31-Jul-20190.0291
 17-Jul-20190.0217
 10-Jul-20190.0362
 03-Jul-20190.0168
 19-Jun-20190.0160
 05-Jun-20190.0294
 29-May-20190.0269
 22-May-20190.0371
 15-May-20190.0199
 08-May-20190.0026

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

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM