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||1.88||0.03||0.04||0.17||0.43||1.08||2.05||3.24||3.53||3.99||4.48|
|Debt: Credit Risk||8.54||0.01||0.09||0.41||3.33||5.35||9.12||2.59||3.44||6.21||7.52|
|Rank within category||15||13||11||12||16||16||15||12||13||10||4|
|Number of funds in category||16||16||16||16||16||16||16||16||15||12||4|
As on 03-Dec-2021
|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||3.05||2.69||3.04||1.74%||248|
|HDFC Credit Risk Debt Fund - Regular Plan | Invest Online||Mar-14||7.46||9.04||7.47||1.61%||8,757|
|ICICI Prudential Credit Risk Fund | Invest Now||Dec-10||6.66||8.69||7.72||1.55%||8,304|
|SBI Credit Risk Fund | Invest Online||Jul-04||5.32||7.26||6.72||1.55%||3,341|
|Aditya Birla Sun Life Credit Risk Fund - Regular Plan | Invest Online||Apr-15||6.90||6.08||6.26||1.92%||1,441|
|Best Performance||Worst Performance|
|Return (%)||Period||Return (%)||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||3.18||0.40||-1.54||-4.30||--||--|
|Debt: Credit Risk||3.00||7.15||0.57||0.71||-5.08||-3.88|
|Rank within category||13||8||14||14||10||10|
|Number of funds in category||16||16||16||16||16||16|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 30-Nov-2021
|Fund||1Y High||1Y Low||Category|
|Number of Securities||9||9||5||29|
|Modified Duration (yrs)||1.41||1.44||0.12||--|
|Average Maturity (yrs)||1.66||1.69||0.20||--|
|Yield to Maturity (%)||4.83||6.16||3.26||--|
|Avg Credit Rating||AAA||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|6.79% GOI 15/05/2027||GOI Securities||SOV||0.00 - 10.74||10.74|
|9.81% Tata Motors 20/08/2024||Debenture||AA-||0.00 - 9.01||9.01|
|6.50% Tata Realty and Infrastructure 23/09/2022||Debenture||AA||0.00 - 8.49||8.49|
|6.92% Godrej Industries 14/05/2025||Debenture||AA||0.00 - 8.49||8.49|
|5.90% Bharti Hexacom 30/04/2024||Debenture||AA+||0.00 - 8.13||8.13|
|9.25% Manappuram Finance 14/02/2022||Non Convertible Debenture||AA||0.00 - 6.52||6.52|
|5.35% Telesonic Network 28/04/2023||Debenture||AA+||0.00 - 5.31||5.31|
|5.80% Aditya Birla Fashion and Retail 2024||Non Convertible Debenture||AA||0.00 - 4.04||4.04|
|9.60% Hindalco Inds. 2022||Bonds/NCDs||AA+||0.00 - 2.19||2.13|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Oct-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.
Education: Mr. Ramakrishnan is a B.Tech from IIT Madras, MS and PHD from University of Southern California.
Experience: Prior to joining DSP Investment Managers. He has worked with ICICI Prudential Mutual Fund, Standard Chartered Bank, Vikram Ispat as Marketing Executive and with CRISIL as manager-rating.
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||12|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||500|
|Lock-in Period||Not Applicable|
|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:||6.25%|
|Benchmark:||CRISIL Short Term Credit Risk|
|Assets:||₹ 248 Cr (As on 31-Oct-2021)|
|Expense:||1.74% (As on 31-Oct-2021)|
|Return Grade:||Below Average|
|Plan||Record Date||Dividend (₹ / Unit)|
Fund News - 12-Feb-2018
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]