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3 star

DSP Strategic Bond Fund - Direct Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.04 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 3.03 0.03 0.14 0.60 1.04 2.77 3.65 9.58 6.65 8.18 --
VR Bond 2.64 0.01 0.03 0.57 1.35 2.09 3.02 6.34 5.55 6.69 --
Debt: Dynamic Bond 4.15 0.03 0.16 0.60 1.37 3.04 4.82 8.14 6.29 7.97 --
Rank within category 17 13 12 13 12 10 18 5 8 8 --
Number of funds in category 25 27 27 27 27 26 25 24 22 21 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 Strategic Bond Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.65 9.58 6.65 0.52% 709
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 5.62 9.96 7.89 0.61% 6,544
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 3.46 9.90 7.43 0.72% 4,064
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.71 9.99 8.10 0.52% 2,946
Axis Dynamic Bond Fund - Direct Plan
4 star
Jan-13 4.84 10.09 7.62 0.25% 2,204

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 9.31 3.95 1.40 1.98 1.40 2.14
VR Bond 6.20 2.04 1.18 1.59 -- --
Debt: Dynamic Bond 7.88 3.58 1.36 2.13 1.07 1.52
Rank within category 5 19 14 15 19 7
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 18 6 23
Modified Duration (yrs) 2.22 7.64 2.22 --
Average Maturity (yrs) 3.01 11.38 3.01 --
Yield to Maturity (%) 4.58 6.11 4.58 --
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
down 7.17% GOI 2028 GOI Securities SOV 0.00 - 33.93 7.55
down 5.63% GOI 2026 GOI Securities SOV 0.00 - 10.77 7.04
new 6.67% GOI 15/12/2035 GOI Securities SOV 0.00 - 7.01 7.01
down 7.59% GOI 2026 GOI Securities SOV 0.00 - 10.39 3.85
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 28.59 3.79
down 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 12.85 3.76
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.00 - 4.32 3.71
equal 7.09% Food Corporation of India 13/08/2031 Non Convertible Debenture AAA 0.00 - 7.10 3.59
equal 6.43% HDFC 29/09/2025 Debenture AAA 0.00 - 2.68 2.16
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-Oct-2021

Fund Manager

— Laukik Bagwe since 17-Jul-2021

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 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:


0.03%

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

Growth: ₹ 2,809.6877

IDCW Weekly: ₹ 1,055.5114

More

IDCW Quarterly: ₹ 1,914.3048

IDCW Monthly: ₹ 1,065.8579

IDCW Daily: ₹ 1,048.3850


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: 8.66%
Benchmark: CRISIL Composite Bond Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 709 Cr (As on 31-Oct-2021)
Expense: 0.52% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily29-Nov-20210.6831

 28-Nov-20210.2087
 25-Nov-20211.1059
 21-Nov-20210.5031
 17-Nov-20210.7567
 16-Nov-20210.1136
 14-Nov-20210.1963
 08-Nov-20210.5569
 22-Sep-20210.0400
 21-Sep-20210.3695
 20-Sep-20210.6098
 19-Sep-20212.5846
 16-Sep-20210.0307
 15-Sep-20210.2972
 14-Sep-20211.2808
 05-Sep-20210.9207
 02-Sep-20211.3543
 01-Sep-20211.7913
 31-Aug-20211.2341
 30-Aug-20210.4179
 29-Aug-20211.9751
 26-Aug-20210.3924
 24-Aug-20210.5657
 23-Aug-20210.0061
 22-Aug-20210.5965
IDCW Monthly26-Nov-20215.4402

 28-Sep-20218.2109
 27-Aug-20218.5943
 28-Jul-20214.2044
 28-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
IDCW Weekly24-Nov-20210.3633

 17-Nov-20211.6004
 22-Sep-20213.6023
 15-Sep-20212.2381
 08-Sep-20211.6678
 01-Sep-20215.9669
 25-Aug-20211.0469
 19-Aug-20214.1682
 11-Aug-20210.4040
 04-Aug-20211.5850
 09-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
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

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