1 LakhInvestment Grown to
₹ 10000Monthly SIP Grown to
Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
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 an investment horizon of up to three years) in their longer-term portfolios.
Taxability of earnings:
|CCIL T Bill Liquidity Weight||2.75||0.01||0.07||0.25||0.62||1.30||3.29||3.95||4.14||4.57||4.76|
|Debt: Credit Risk||-0.91||-0.02||0.11||1.01||2.39||4.64||-0.02||0.92||3.73||6.11||7.17|
|Rank within category||11||7||12||16||7||12||11||11||10||4||2|
|Number of funds in category||18||18||18||18||18||18||18||16||15||6||3|
As on 27-Oct-2020
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|DSP Credit Risk Fund | Invest Online||May-03||5.24||1.96||4.74||1.58||328|
|ICICI Prudential Credit Risk Fund | Invest Now||Dec-10||10.24||8.18||8.28||1.63||6,563|
|HDFC Credit Risk Debt Fund - Regular Plan | Invest Online||Mar-14||9.99||7.38||8.22||1.68||6,189|
|SBI Credit Risk Fund | Invest Online||Jul-04||8.92||6.97||7.78||1.56||3,721|
|Kotak Credit Risk Fund Regular Plan | Invest Online||May-10||6.24||6.73||7.65||1.77||1,905|
|Best (Period)||Worst (Period)|
|Week||1.53 (24-Mar-2020 - 31-Mar-2020)||-4.19 (11-Dec-2018 - 18-Dec-2018)|
|Month||1.95 (20-Aug-2013 - 19-Sep-2013)||-3.78 (05-Dec-2018 - 04-Jan-2019)|
|Quarter||3.85 (29-Aug-2013 - 28-Nov-2013)||-3.62 (18-Sep-2018 - 18-Dec-2018)|
|Year||11.81 (04-Mar-2014 - 04-Mar-2015)||-4.71 (21-Aug-2018 - 21-Aug-2019)|
|CCIL T Bill Liquidity Weight||3.90||0.32||-3.63||-6.95||--||--|
|Debt: Credit Risk||1.17||6.57||-0.17||0.01||-3.10||-7.48|
|Rank within category||12||8||15||16||9||10|
|Number of funds in category||17||17||17||17||17||17|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 30-Sep-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||6||33||6||26|
|Modified Duration (yrs)||0.35||1.26||0.35||1.63|
|Average Maturity (yrs)||0.50||1.52||0.50||1.97|
|Yield to Maturity (%)||6.24||12.69||6.24||7.97|
|Avg Credit Rating||AA||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|9.50% Nayara Energy 29/07/2021||Bonds/NCDs||AA||12.79 - 49.01||46.49|
|Sintex-BAPL 31/12/2022||Debenture||D||0.57 - 2.95||2.95|
|Sintex-BAPL 31/12/2021||Debenture||D||0.58 - 2.95||2.95|
|Sintex-BAPL 31/12/2020||Debenture||D||0.59 - 2.95||2.95|
|7.40% Tata Motors 29/06/2021||Bonds||AA-||0.00 - 0.16||0.16|
|8.35% Bharti Airtel 20/04/2021||Non Convertible Debenture||AA||0.01 - 0.06||0.06|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Sep-2020
Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)
Experience: Prior to joining DSPBR he has worked with Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.
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.
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The scheme seeks to generate returns commensurate with risk from a portfolio constituted of money market securities and debt securities.
|Minimum Investment (₹)||500|
|Minimum Addl Investment (₹)||500|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||500|
|Exit Load||For units in excess of 10% of the investment,1% will be charged for redemption within 364 days|
|Fund House:||DSP Mutual Fund|
|Return Since Launch:||6.44%|
|Benchmark:||CRISIL Short Term Credit Risk|
|Assets:||₹ 328 Cr (As on 30-Sep-2020)|
|Expense:||1.58% (As on 30-Sep-2020)|
|Plan||Record Date||Dividend (₹ / Unit)|
Fund News - 12-Feb-2018
Fund News - 15-Jul-2016
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
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
Email: [email protected]