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DSP Strategic Bond Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending upon where it expects to earn maximum returns, the fund management team decides whether to invest in bonds maturing in a few months time or in the ones maturing several years later. Therefore, they are the most versatile type of debt funds available.

However, like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 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-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -0.17 0.09 0.08 1.71 1.41 4.25 11.07 6.29 7.68 8.59 --
VR Bond 0.17 0.05 0.01 0.96 1.26 1.29 7.79 6.09 7.00 7.41 --
Debt: Dynamic Bond 0.02 0.01 -0.12 0.88 1.27 2.14 8.09 5.81 7.54 8.38 --
Rank within category 27 10 21 4 20 1 10 11 12 12 --
Number of funds in category 29 29 29 29 29 29 29 24 23 22 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
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 17.21 (31-Jan-2014 - 02-Feb-2015) -0.30 (14-Jun-2017 - 14-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.51 3.62 0.22 0.40 1.23 0.32
VR Bond 6.11 2.14 0.33 -- -- --
Debt: Dynamic Bond 6.09 3.18 0.39 0.73 1.11 -0.06
Rank within category 13 21 13 12 15 13
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 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 22 11 21
Modified Duration (yrs) 6.70 7.37 2.34 3.38
Average Maturity (yrs) 9.94 11.54 3.21 4.57
Yield to Maturity (%) 6.84 8.15 6.64 7.13

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 41.16 31.05
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 11.34 11.34
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 25.05 11.24
down 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 22.14 9.92
equal 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 8.48 8.24
new 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 8.10 8.10
equal 7.61% GOI 2030 GOI Securities SOV 0.00 - 6.03 5.69
up 6.57% GOI 2033 GOI Securities SOV 0.00 - 6.10 4.67
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 53.23 4.57
down 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 5.63 0.55
equal 7.59% GOI 2026 GOI Securities SOV 0.17 - 18.05 0.18
equal 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 19.54 0.07
equal 8.35% Gujarat State 2029 State Development Loan SOV 0.00 - 0.25 0.06
equal 8.30% Gujarat State 13/03/2029 State Development Loan SOV 0.00 - 0.36 0.01
equal 8.32% Karnataka State 13/03/2029 State Development Loan SOV 0.00 - 0.40 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-Dec-2019

Fund Manager

— Saurabh Bhatia since 01-Mar-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:

— 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:


-0.01%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 2,407.7243

Dividend Weekly: ₹ 1,049.2174

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Dividend Quarterly: ₹ 1,640.4356

Dividend Monthly: ₹ 1,065.2505

Dividend Daily: ₹ 1,042.7937


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 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.69%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 933 Cr (As on 31-Dec-2019)
Expense: 0.44% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily01-Jan-20200.5026

 31-Dec-20191.8945
 26-Dec-20191.6494
 25-Dec-20190.2823
 22-Dec-20190.8216
 03-Dec-20190.6972
 02-Dec-20190.8373
 28-Nov-20190.0044
 27-Nov-20190.7242
 19-Nov-20190.7183
 18-Nov-20190.9666
 17-Nov-20191.3204
 31-Oct-20190.6918
 30-Oct-20190.1946
 02-Oct-20192.7590
 08-Sep-201920.0768
 06-Aug-20191.0785
 05-Aug-20190.1190
 18-Jul-20190.0897
 15-Jul-20191.9354
 14-Jul-20191.1437
 10-Jul-20192.9914
 09-Jul-20191.3389
 07-Jul-20195.7197
 04-Jul-20194.4019
Dividend Weekly01-Jan-20204.0838

 25-Dec-20192.6533
 27-Nov-20192.5362
 20-Nov-20191.9013
 30-Oct-20190.1827
 02-Oct-20194.8120
 18-Sep-20191.4230
 11-Sep-201917.2065
 07-Aug-20191.7161
 17-Jul-20192.1768
 10-Jul-201914.6328
 03-Jul-20197.3238
 29-May-20192.2401
 27-Mar-20192.8959
 21-Mar-20194.2854
 13-Mar-20196.1802
 06-Mar-20193.1724
 13-Feb-20190.8034
 26-Dec-20181.2321
 19-Dec-20186.5699
 12-Dec-20181.5360
 05-Dec-20187.4480
 28-Nov-20184.4152
 21-Nov-20181.5774
 14-Nov-20182.3701
Dividend Monthly27-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
 30-Sep-20182.6055
 28-Aug-20180.6279
 28-Aug-20172.0781
 28-Jul-20175.4224
 28-Jun-20174.7791
 28-Nov-201628.9215
 28-Oct-20166.2912
 28-Sep-201612.3331
 26-Aug-20168.6304
 28-Jul-201621.7732
 28-Jun-20166.1406
 27-May-20162.2758
Dividend 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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