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DSP Banking & PSU Debt Fund - Regular Plan download report


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

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
DSP Banking & PSU Debt Reg-G 1.66 0.19 0.25 0.76 1.56 1.16 2.61 6.19 6.51 7.23 --
CCIL T Bill Liquidity Weight 1.24 -0.04 0.05 0.21 0.72 0.97 1.98 2.58 3.26 3.62 --
Debt: Banking and PSU 1.62 0.19 0.28 0.76 1.60 1.17 2.89 6.07 6.52 7.18 --
Rank within category 10 8 11 10 8 9 13 9 9 9 --
Number of funds in category 22 22 22 22 22 22 22 17 16 14 4

As on 17-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Banking & PSU Debt Fund - Regular Plan
3 star
Sep-13 2.61 6.19 6.51 0.57 2,487
IDFC Banking & PSU Debt Fund - Regular Plan  | Invest Online
5 star
Mar-13 2.62 6.39 7.09 0.62 16,162
Axis Banking & PSU Debt Fund
5 star
Jun-12 3.18 6.10 7.04 0.62 14,171
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 3.08 6.35 6.74 0.70 10,061
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
4 star
Jan-10 3.67 6.20 6.28 0.80 8,487

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.32 24-Mar-2020 - 31-Mar-2020 -2.20 12-Mar-2020 - 19-Mar-2020
Month 4.40 24-Mar-2020 - 23-Apr-2020 -2.66 20-Feb-2020 - 23-Mar-2020
Quarter 7.52 24-Mar-2020 - 24-Jun-2020 -0.65 23-Dec-2019 - 23-Mar-2020
Year 12.76 02-Jul-2019 - 01-Jul-2020 1.88 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
DSP Banking & PSU Debt Reg-G 6.05 2.05 1.25 2.54 3.18 5.41
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Banking and PSU 5.87 2.25 1.11 2.23 2.14 4.29
Rank within category 8 9 7 5 15 2
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 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 42 58 37 64
Modified Duration (yrs) 1.65 1.79 0.89 1.69
Average Maturity (yrs) 1.91 2.14 0.98 2.31
Yield to Maturity (%) 6.61 6.61 4.45 6.61
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
down 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 17.57 15.37
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 11.21 7.85
new 7.12% Hindustan Petroleum Corporation 30/07/2025 Debenture AAA 0.00 - 6.05 6.05
equal HDFC Bank 13/12/2022 Certificate of Deposit A1+ 0.00 - 5.98 5.90
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 0.21 - 4.63 4.60
equal 6.55% NTPC 17/04/2023 Debenture AAA 3.93 - 6.96 4.10
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 4.05 4.00
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 3.99 3.94
equal 5.35% National Housing Bank 2024 Debenture AAA 1.74 - 3.87 3.84
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 2.92 - 3.79 3.74
equal 7.42% Power Finance Corporation 19/11/2024 Non Convertible Debenture AAA 0.00 - 3.22 3.19
equal 8.49% NTPC 25/03/2025 Bonds/NCDs AAA 2.34 - 2.98 2.95
new Export-Import Bank 22/06/2023 Certificate of Deposit A1+ 0.00 - 2.85 2.85
equal 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 2.55 - 5.08 2.66
new 7.15% SIDBI 21/07/2025 Debenture AAA 0.00 - 2.02 2.02
equal 5.78% NTPC 29/04/2024 Non Convertible Debenture AAA 0.00 - 2.03 2.01
equal 4.99% REC 31/01/2024 Debenture AAA 0.00 - 3.85 2.01
new Canara Bank 22/08/2022 Certificate of Deposit A1+ 0.00 - 2.00 2.00
equal SIDBI 23/03/2023 Commercial Paper A1+ 0.00 - 1.96 1.93
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.83 - 2.79 1.91
equal 8.50% Export-Import Bank 26/04/2023 Bonds AAA 1.32 - 1.69 1.66
equal 8.50% NHPC 14/07/2023 Bonds/Debentures AAA 1.14 - 1.57 1.44
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 1.42 - 5.85 1.42
new 5.62% Export-Import Bank 20/06/2025 Debenture AAA 0.00 - 1.37 1.37
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 0.84 - 1.07 1.05

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-Jul-2022

Fund Manager

— Laukik Bagwe since 17-Jul-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.

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:


0.19%

Change from previous, NAV as on 17-Aug-2022

Growth: ₹ 19.6207

IDCW Weekly: ₹ 10.1799

More

IDCW Quarterly: ₹ 10.2572

IDCW Monthly: ₹ 10.2342

IDCW Daily: ₹ 10.1600

IDCW: ₹ 10.2573


Investment Strategy

The Scheme seeks to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings.

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 14-Sep-2013
Return Since Launch: 7.84%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,487 Cr (As on 31-Jul-2022)
Expense Ratio: 0.57% (As on 31-Jul-2022)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-Aug-20220.0007

 10-Aug-20220.0020
 03-Aug-20220.0046
 01-Aug-20220.0101
 31-Jul-20220.0121
 28-Jul-20220.0054
 27-Jul-20220.0032
 24-Jul-20220.0077
 21-Jul-20220.0037
 20-Jul-20220.0022
 19-Jul-20220.0008
 18-Jul-20220.0014
 17-Jul-20220.0002
 12-Jul-20220.0023
 05-Jul-20220.0072
 06-Apr-20220.0015
 04-Apr-20220.0007
 03-Apr-20220.0023
 30-Mar-20220.0019
 29-Mar-20220.0048
 28-Mar-20220.0008
 27-Mar-20220.0010
 24-Mar-20220.0009
 20-Mar-20220.0055
 16-Mar-20220.0034
IDCW Weekly10-Aug-20220.0020

 03-Aug-20220.0323
 27-Jul-20220.0147
 20-Jul-20220.0052
 13-Jul-20220.0068
 06-Jul-20220.0021
 06-Apr-20220.0044
 30-Mar-20220.0105
 23-Mar-20220.0045
 16-Mar-20220.0153
 16-Feb-20220.0124
 09-Feb-20220.0227
 26-Jan-20220.0032
 19-Jan-20220.0024
 12-Jan-20220.0083
 15-Dec-20210.0037
 08-Dec-20210.0087
 01-Dec-20210.0133
 24-Nov-20210.0056
 17-Nov-20210.0088
 07-Nov-20210.0114
 22-Sep-20210.0042
 15-Sep-20210.0065
 08-Sep-20210.0012
 01-Sep-20210.0234
IDCW Monthly28-Jul-20220.0401

 28-Mar-20220.0279
 28-Feb-20220.0261
 28-Jan-20220.0189
 28-Dec-20210.0107
 26-Nov-20210.0393
 28-Oct-20210.0067
 28-Sep-20210.0150
 27-Aug-20210.0486
 28-Jul-20210.0668
 28-May-20210.0462
 28-Apr-20210.0645
 26-Mar-20210.0318
 28-Jan-20210.0213
 28-Dec-20200.0522
 27-Nov-20200.0339
 28-Oct-20200.1114
 28-Sep-20200.0780
 28-Aug-20200.0081
 28-Jul-20200.0776
 26-Jun-20200.1116
 28-May-20200.2010
 28-Apr-20200.0842
 27-Mar-20200.0352
 28-Feb-20200.0761
IDCW28-Mar-20220.4566

 25-Apr-20210.0114
 21-Apr-20210.0006
 26-Mar-20211.1273
 27-Mar-20200.5060
 28-Mar-20190.5497
 28-Mar-20180.4654
 27-Mar-20170.6635
 28-Mar-20160.6029
 27-Mar-20150.4264
 26-Sep-20140.1430
 27-Jun-20140.2253
 28-Mar-20140.1680
 27-Dec-20130.1124
IDCW Quarterly28-Mar-20220.0796

 28-Dec-20210.0425
 28-Sep-20210.1374
 28-Jun-20210.1451
 28-Dec-20200.2456
 28-Sep-20200.1953
 26-Jun-20200.6457
 27-Dec-20190.1338
 27-Sep-20190.2098
 28-Jun-20190.1705
 28-Mar-20190.1853
 28-Dec-20180.1995
 30-Sep-20180.1075
 28-Jun-20180.0421
 28-Mar-20180.0886
 28-Dec-20170.0389
 28-Sep-20170.1225
 28-Jun-20170.2037
 27-Mar-20170.0354
 28-Dec-20160.1890
 28-Sep-20160.2610
 28-Jun-20160.1587
 28-Mar-20160.1505
 28-Dec-20150.1512
 28-Sep-20150.1653

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: 1800-208-4499 / 1800-200-4499

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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