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3 star

DSP Savings Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

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 5.20 0.01 0.07 0.37 0.94 3.09 6.37 7.32 7.02 7.37 --
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 --
Debt: Money Market 5.10 0.01 0.08 0.40 1.03 2.83 6.30 7.29 7.45 7.93 --
Rank within category 11 10 17 14 15 8 11 -- -- -- --
Number of funds in category 18 19 19 19 19 19 18 12 12 12 0

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Savings Fund - Direct Plan  | Invest Online
3 star
Jan-13 6.37 7.32 7.02 0.25 1,976
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.77 7.55 7.85 0.23 21,035
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 7.16 7.71 7.54 0.21 10,543
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.18 7.83 7.67 0.21 9,629
Franklin India Savings Fund - Direct Plan  | Invest Online Now
5 star
Jan-13 6.68 7.62 7.81 0.13 1,334

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.93 (24-Jul-2013 - 31-Jul-2013) -1.40 (17-Mar-2020 - 24-Mar-2020)
Month 2.75 (24-Mar-2020 - 23-Apr-2020) -1.19 (20-Feb-2020 - 23-Mar-2020)
Quarter 4.76 (16-Jul-2013 - 15-Oct-2013) -0.59 (24-Dec-2019 - 24-Mar-2020)
Year 11.40 (16-Jul-2013 - 16-Jul-2014) 5.48 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.12 0.83 2.49 5.20 1.36 3.63
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Money Market 7.07 0.85 3.35 7.02 0.88 3.03
Rank within category 10 12 11 10 14 2
Number of funds in category 14 14 14 14 14 14

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 31 31 15 37
Modified Duration (yrs) 0.40 0.83 0.11 0.34
Average Maturity (yrs) 0.41 0.88 0.11 0.33
Yield to Maturity (%) 3.64 6.03 3.63 3.73
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Larsen & Toubro 247-D 26/03/2021 Commercial Paper A1+ 0.00 - 8.86 8.71
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 9.97 8.47
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 10.02 7.00
equal HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 7.59 6.97
down Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 9.96 5.09
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 9.99 5.00
equal Union Bank of India 24/02/2021 Certificate of Deposit A1+ 0.00 - 7.98 4.99
new Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 4.98 4.98
equal Axis Finance 364-D 05/03/2021 Commercial Paper A1+ 0.00 - 9.85 4.98
equal Tata Capital Housing Finance 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 9.86 4.98
equal ICICI Bank 25/01/2021 Certificate of Deposit A1+ 0.00 - 6.01 3.75
equal National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 7.50 3.74
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 3.33 3.00
equal Reliance Jio Infocomm 365-D 09/02/2021 Commercial Paper A1+ 0.00 - 3.96 2.50
equal Kotak Mahindra Prime 365-D 21/01/2021 Commercial Paper A1+ 0.00 - 4.96 2.50
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 4.98 2.49
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 3.98 2.49
up Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 2.49 2.49
equal Kotak Mahindra Prime 365-D 16/02/2021 Commercial Paper A1+ 0.00 - 2.76 2.49
down HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 3.04 1.99
down ICICI Bank 15/01/2021 Certificate of Deposit A1+ 0.00 - 3.45 1.85
equal SIDBI 13/01/2021 Commercial Paper A1+ 0.00 - 2.51 1.75
equal SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 1.54 1.25
equal Sundaram Finance 365-D 28/01/2021 Commercial Paper A1+ 0.00 - 2.48 1.25
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 1.53 1.25

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-Sep-2020

Fund Manager

— Kedar Karnik since 18-Jul-2016

Education: Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.

Experience: Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..

Funds Managed:


0.01%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 41.4497

Dividend Monthly: ₹ 10.7961

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Dividend Half Yearly: ₹ 12.0636

Dividend Daily: ₹ 10.1527


Investment Strategy

The scheme seeks to generate income through investment in a portfolio comprising of Treasury Bills and other Central Government Securities with a residual maturity less than or equal to 1 year.

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
Return Since Launch: 7.71%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,976 Cr (As on 30-Sep-2020)
Expense: 0.25% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Oct-20200.0010

 21-Oct-20200.0004
 20-Oct-20200.0012
 19-Oct-20200.0011
 18-Oct-20200.0031
 15-Oct-20200.0011
 14-Oct-20200.0010
 13-Oct-20200.0019
 12-Oct-20200.0003
 11-Oct-20200.0028
 08-Oct-20200.0015
 07-Oct-20200.0018
 06-Oct-20200.0036
 05-Oct-20200.0015
 04-Oct-20200.0054
 30-Sep-20200.0021
 29-Sep-20200.0014
 28-Sep-20200.0018
 25-Sep-20200.0029
 24-Sep-20200.0010
 23-Sep-20200.0005
 22-Sep-20200.0005
 21-Sep-20200.0009
 18-Sep-20200.0029
 17-Sep-20200.0007
Dividend Half Yearly28-Sep-20200.4355

 27-Mar-20200.1214
 27-Sep-20190.3449
 28-Mar-20190.3347
 30-Sep-20180.2498
 28-Mar-20180.2490
 28-Sep-20170.2435
 27-Mar-20170.2465
 28-Sep-20160.2911
 28-Mar-20160.2655
 28-Sep-20150.3075
 27-Mar-20150.3218
 26-Sep-20140.1581
 27-Jun-20140.1648
 28-Mar-20140.1548
 27-Dec-20130.1808
 27-Sep-20130.3641
 28-May-20130.1306
 28-Mar-20130.1617
Dividend Monthly28-Sep-20200.0259

 28-Aug-20200.0320
 28-Jul-20200.0546
 26-Jun-20200.0638
 28-May-20200.1547
 28-Apr-20200.0665
 27-Mar-20200.0123
 28-Feb-20200.0307
 28-Jan-20200.0300
 27-Dec-20190.0297
 28-Nov-20190.0410
 25-Oct-20190.0410
 27-Sep-20190.0359
 28-Aug-20190.0643
 26-Jul-20190.0601
 28-Jun-20190.0466
 28-May-20190.0674
 26-Apr-20190.0227
 28-Mar-20190.0550
 28-Feb-20190.0457
 28-Jan-20190.0440
 28-Dec-20180.0530
 28-Nov-20180.0571
 26-Oct-20180.0409
 30-Sep-20180.0372

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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