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DSP Regular Savings Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.87 Lakh

Analyst's Choice?

Suitability:

When you invest for three years or above, you can expect gains that beat the inflation rate and are also slightly higher than fixed income options. But be prepared for some ups and downs in your investment value along the way.

Conservative hybrid funds invest roughly a quarter of your money in equity shares and the rest in bonds and commodities. Given their underlying investments, these funds offer a viable alternative to regular income seekers. To derive dependable, inflation-protected income, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6% of the value of your investment every year.

Warning: Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than three years.

Taxability of earnings:

The tax treatment of this fund may vary depending upon its asset allocation. It will be taxed in the following manner based on its average asset allocation in the last 12 months.

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 1.54 0.32 0.33 1.85 2.99 6.60 11.30 5.04 6.40 8.32 --
VR MIP TRI 0.49 0.23 -0.14 0.45 2.86 4.24 10.08 8.76 7.36 8.84 --
Hybrid: Conservative Hybrid 0.94 0.22 0.25 1.10 2.89 4.95 8.43 7.12 7.55 9.29 --
Rank within category 6 8 12 6 14 7 6 31 28 21 --
Number of funds in category 38 38 38 37 37 37 35 35 30 25 0

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.28 (03-Sep-2013 - 10-Sep-2013) -2.42 (17-Dec-2018 - 24-Dec-2018)
Month 6.05 (07-May-2014 - 06-Jun-2014) -6.63 (07-Sep-2018 - 09-Oct-2018)
Quarter 9.36 (24-Jun-2016 - 23-Sep-2016) -5.93 (27-Jul-2018 - 26-Oct-2018)
Year 22.52 (30-Jan-2014 - 30-Jan-2015) -5.08 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.28 5.47 -0.08 -0.10 1.02 -3.61
VR MIP TRI 8.83 4.11 0.76 1.17 -- --
Hybrid: Conservative Hybrid 7.28 4.30 0.43 0.73 0.78 -0.88
Rank within category 33 32 33 33 33 34
Number of funds in category 36 36 36 36 36 36

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 42
Number of Bonds 17
Average Maturity (yrs) 2.71
Top 10 Holdings (%) 61.96
Portfolio P/B Ratio 3.32
Portfolio P/E Ratio 22.42

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal KKR India Financial Services 2021 Debenture AA 0.00 - 12.74 12.74
equal HPCL 14/08/2024 Debenture AAA 0.00 - 8.64 8.64
equal 8.15% State Bank of India Bonds AA+ 6.42 - 8.96 6.93
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 6.84 6.84
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 6.47 6.47
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 4.59 4.59
equal 8.32% Power Grid Corporation 23/12/2025 Bonds AAA 3.22 - 4.71 4.44
equal 9.10% East-North Interconnection Company 29/09/2023 Debenture AAA 3.29 - 4.38 4.31
equal 8.93% Power Grid Corporation 20/10/2021 Bonds AAA 0.00 - 4.09 4.02
equal 8.30% GAIL 23/02/2024 Bonds AAA 1.61 - 2.31 2.31
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 2.29 2.29
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 2.18 2.18
down 7.09% REC 17/10/2022 Debenture AAA 0.00 - 3.15 2.13
equal 9.38% Export-Import Bank 29/09/2021 Bonds AAA 0.00 - 2.16 2.13
equal 6.83% REC 29/06/2020 Debenture AAA 0.00 - 1.80 1.80
equal 8.49% NTPC 25/03/2025 Bonds/NCDs AAA 0.71 - 1.02 1.02
equal 8.36% REC 22/09/2020 Debenture AAA 0.00 - 6.50 0.51

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 25.94 3.06 1.22 2.98
equal Bajaj Finance Financial 51.46 2.98 0.63 2.98
equal Blue Star Cons Durable 41.82 1.66 0.97 1.66
equal Ipca Laboratories Healthcare 25.86 1.05 0.00 1.05
equal ICICI Lombard General Insurance Financial 53.81 0.95 0.00 0.95
equal GAIL Energy 11.33 1.69 0.35 0.91
equal Voltas Cons Durable 48.66 1.00 0.00 0.83
equal V-Guard Industries Cons Durable 48.20 1.13 0.75 0.76
equal Kotak Mahindra Bank Financial 36.01 0.89 0.17 0.73
equal Eris Lifesciences Healthcare 22.52 1.56 0.00 0.65
equal NTPC Energy 9.68 0.67 0.00 0.65
equal BPCL Energy 15.80 0.94 0.49 0.64
equal Nestle India FMCG 82.61 0.57 0.00 0.57
equal Gujarat State Petronet Energy 14.45 0.55 0.25 0.55
equal AU Small Finance Bank Financial 48.59 0.83 0.00 0.52
equal Balkrishna Industries Automobile 26.82 0.55 0.00 0.51
equal Minda Industries Automobile 44.81 0.59 0.00 0.50
equal Sun Pharmaceutical Inds. Healthcare 24.81 0.61 0.00 0.50
equal Britannia Inds. FMCG 61.24 0.73 0.43 0.48
equal Shree Cement Construction 64.53 0.52 0.00 0.45
equal Larsen & Toubro Construction 19.54 0.80 0.00 0.43
equal Motherson Sumi Systems Automobile 30.19 0.42 0.00 0.42
equal HDFC Life Insurance Financial 90.73 0.42 0.00 0.42
equal Bharat Electronics Engineering 14.42 0.85 0.20 0.41
equal Cummins India Engineering 25.28 0.49 0.00 0.40

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

— Gopal Agrawal since 20-Aug-2018

Education: Mr.Agrawal is a B.E and MBM.

Experience: Prior to joining DSP Mutual Fund he has worked with Tata AMC, Mirae Asset Mutual Fund ,SBI Mutual Fund, Kotak Securities, HDFC Securities, IDBI Capital, UTI Securities and IPCL.

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:


0.32%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 40.0339

Dividend Quarterly: ₹ 12.7048

Dividend Monthly: ₹ 12.1266


Investment Strategy

The scheme seeks to generate attractive return, consistent with prudent risk, from a portfolio comprising substantially of quality debt securities. It also aims to generate capital appreciation by investing up to 10 per cent its corpus in equity of 100 largest corporates by market capitalization, listed in India.

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 1% for redemption within 365 days

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 8.17%
Benchmark: CRISIL Hybrid 85+15 Conservative
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 238 Cr (As on 31-Dec-2019)
Expense: 0.59% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Low
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly27-Dec-20190.0516

 28-Nov-20190.0520
 25-Oct-20190.0517
 27-Sep-20190.0516
 28-Aug-20190.0510
 26-Jul-20190.0514
 28-Jun-20190.0523
 28-May-20190.0527
 26-Apr-20190.0267
 28-Feb-20190.0513
 28-Jan-20190.0514
 28-Dec-20180.0523
 28-Nov-20180.0532
 26-Oct-20180.0525
 30-Sep-20180.0538
 28-Aug-20180.0574
 27-Jul-20180.0572
 28-Jun-20180.0563
 28-May-20180.0574
 27-Apr-20180.0582
 28-Mar-20180.0584
 28-Feb-20180.0584
 25-Jan-20180.0596
 28-Dec-20170.0600
 28-Nov-20170.0601
Dividend Quarterly27-Dec-20190.1692

 27-Sep-20190.1665
 28-Jun-20190.1719
 28-Mar-20190.1723
 28-Dec-20180.1723
 28-Sep-20180.1796
 28-Jun-20180.1870
 28-Mar-20180.1907
 28-Dec-20170.1975
 28-Sep-20170.1983
 28-Jun-20170.1959
 27-Mar-20170.1940
 28-Dec-20160.1928
 28-Sep-20160.1980
 28-Jun-20160.1859
 28-Mar-20160.1835
 28-Dec-20150.1800
 28-Sep-20150.1800
 26-Jun-20150.1800
 27-Mar-20150.1800
 26-Dec-20140.1800
 26-Sep-20140.1800
 27-Jun-20140.1800
 28-Mar-20140.1800
 27-Dec-20130.1800

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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