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4 star

DSP Strategic Bond Fund - Direct Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending on where it expects to earn maximum returns, the fund management team actively decides whether to invest in bonds maturing in a few months or in the ones maturing several years later.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for investment horizon of up to three years) in their longer-term portfolios.

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 0.83 -0.02 0.41 0.57 3.47 1.31 4.85 10.49 8.56 8.91 --
VR Bond 0.81 0.06 0.26 0.30 1.67 0.99 3.52 7.18 6.61 7.15 --
Debt: Dynamic Bond 1.45 -0.12 0.20 0.67 2.74 1.79 6.21 8.65 8.04 8.62 --
Rank within category 17 22 4 19 3 17 20 4 8 8 --
Number of funds in category 26 27 27 27 26 26 26 24 22 21 0

As on 14-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Strategic Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.85 10.49 8.56 0.43 701
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 8.57 10.43 10.06 0.66 5,793
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 5.23 11.07 9.52 0.73 3,857
SBI Dynamic Bond Fund - Direct Plan
4 star
Jan-13 4.25 10.20 9.19 0.87 3,135
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 7.68 10.70 9.64 0.52 2,282

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.03 16-Apr-2020 - 23-Apr-2020 -4.50 03-Jun-2019 - 10-Jun-2019
Month 6.71 11-Jun-2019 - 11-Jul-2019 -3.07 10-May-2019 - 10-Jun-2019
Quarter 10.25 10-Jun-2019 - 09-Sep-2019 -4.00 24-Nov-2016 - 23-Feb-2017
Year 21.48 11-Jun-2019 - 10-Jun-2020 -0.30 14-Jun-2017 - 14-Jun-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.88 3.96 1.41 1.98 1.40 2.02
VR Bond 6.84 2.05 1.24 1.72 -- --
Debt: Dynamic Bond 8.20 3.22 1.36 2.08 1.12 1.07
Rank within category 4 19 13 15 17 6
Number of funds in category 24 24 24 24 24 24

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 8 13 6 24
Modified Duration (yrs) 5.91 8.24 4.12 --
Average Maturity (yrs) 7.99 12.64 5.53 --
Yield to Maturity (%) 6.11 6.15 5.55 --
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.17% GOI 2028 GOI Securities SOV 0.00 - 33.93 33.93
up 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 24.45 24.45
up 6.22% GOI 16/03/2035 GOI Securities SOV 0.00 - 35.46 17.36
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 15.55 15.55
down 7.59% GOI 2026 GOI Securities SOV 0.00 - 19.67 3.94
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 33.41 2.91
equal 8.32% Karnataka State 13/03/2029 State Development Loan SOV 0.00 - 0.00 0.00
equal 8.53% Gujarat State 20/11/2028 State Development Loan SOV 0.00 - 0.00 0.00

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-May-2021

*As on 30-Apr-2021

Fund Manager

— Saurabh Bhatia since 01-Mar-2018

Education: Mr. Bhatia holds Post Graduation Diploma in Business Management, Finance.

Experience: Prior to joining DSP Mutual Fund, had worked with ICICI Bank, HSBC Global Asset Management.

Funds Managed:

— Vikram Chopra since 18-Jul-2016

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 14-Jun-2021

Growth: ₹ 2,749.5525

IDCW Weekly: ₹ 1,056.7586

More

IDCW Quarterly: ₹ 1,873.3347

IDCW Monthly: ₹ 1,069.1857

IDCW Daily: ₹ 1,048.8242


Investment Strategy

The scheme seeks to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market securities. It would invest across the range of debt instruments across the maturity range.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) --
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: 8.89%
Benchmark: CRISIL Composite Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 701 Cr (As on 31-May-2021)
Expense: 0.43% (As on 30-Apr-2021)
Risk Grade: Above Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily10-Jun-20211.4425

 09-Jun-20211.0689
 07-Jun-20210.4592
 24-May-20210.8855
 20-May-20210.4791
 04-Jan-20210.3614
 03-Jan-20214.0170
 31-Dec-20200.4383
 30-Dec-20200.6142
 29-Dec-20200.8299
 27-Dec-20201.8103
 23-Dec-20200.1591
 03-Dec-20201.0499
 25-Nov-20201.0413
 24-Nov-20200.5459
 23-Nov-20200.9248
 19-Nov-20200.1515
 18-Nov-20200.6455
 17-Nov-20200.5104
 16-Nov-20200.7630
 05-Nov-20200.5749
 25-Oct-20204.2952
 22-Oct-20202.8842
 21-Oct-20200.0688
 20-Oct-20200.3623
IDCW Weekly09-Jun-20212.3902

 26-May-20210.5806
 19-May-20211.4058
 05-May-20210.5080
 06-Jan-20212.5715
 30-Dec-20203.2817
 23-Dec-20200.3901
 09-Dec-20200.6991
 25-Nov-20202.6842
 18-Nov-20202.8579
 04-Nov-20201.4206
 28-Oct-20205.0729
 21-Oct-20200.4386
 14-Oct-20207.1022
 22-Jul-20200.3682
 15-Jul-20202.9231
 08-Jul-20206.6372
 01-Jul-20206.3173
 24-Jun-20201.0145
 17-Jun-20200.1269
 10-Jun-20201.8400
 27-May-20205.8855
 20-May-20200.2287
 07-May-20208.4322
 22-Apr-202029.5025
IDCW Monthly28-May-20215.4715

 28-Jan-20211.1783
 28-Dec-20205.1356
 27-Nov-20205.1616
 28-Oct-202013.7361
 28-Jul-202013.0087
 26-Jun-20204.5054
 28-May-202022.3210
 28-Apr-202026.9397
 27-Mar-20204.9634
 28-Feb-202022.5451
 28-Jan-20202.3009
 27-Dec-20194.3726
 28-Nov-20196.2136
 25-Oct-20195.9055
 27-Sep-201916.2193
 28-Aug-20190.2327
 26-Jul-201918.2790
 28-Jun-20191.5997
 28-May-20191.1349
 28-Mar-201916.0941
 28-Feb-20193.3788
 28-Dec-201814.4221
 28-Nov-201811.1255
 26-Oct-20186.3236
IDCW Quarterly26-Sep-201415.6029

 27-Jun-201431.1862
 28-Mar-201416.9245
 27-Dec-201311.1074
 28-May-201323.7699
 28-Mar-201315.5362

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

Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM