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3 star

DSP Banking & PSU Debt Fund - Regular Plan

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Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 8.15 0.01 0.22 0.74 4.38 7.00 11.50 8.47 8.78 -- --
CCIL T Bill Liquidity Weight 2.16 0.00 0.02 0.13 0.63 1.82 3.64 4.05 4.27 -- --
Debt: Banking and PSU 7.07 0.02 0.23 0.85 4.14 5.96 10.27 8.27 8.49 -- --
Rank within category 3 14 12 13 8 2 2 7 6 -- --
Number of funds in category 14 15 15 14 14 14 14 12 10 4 1

As on 04-Aug-2020

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  | Invest Online
3 star
 Sep-13 11.50 8.47 8.78 0.56 3,143
IDFC Banking & PSU Debt Fund - Regular Plan
4 star
 Mar-13 11.81 9.34 8.67 0.65 16,967
Axis Banking & PSU Debt Fund  | Invest Online
5 star
 Jun-12 10.64 9.21 8.78 0.62 16,456
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
 Dec-98 11.12 8.81 8.92 0.75 7,146
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
 May-15 11.48 8.70 8.92 0.80 5,211

Best & Worst Performance

Best (Period) Worst (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) 3.52 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.27 2.10 1.45 2.58 2.37 5.87
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Banking and PSU 8.20 2.28 1.42 3.06 1.72 5.02
Rank within category 11 8 11 13 14 6
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 55 57 47 77
Modified Duration (yrs) 2.70 3.26 2.29 2.91
Average Maturity (yrs) 3.19 4.07 2.99 3.69
Yield to Maturity (%) 5.14 7.21 5.14 5.49

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.59% GOI 2026 GOI Securities SOV 0.00 - 8.12 8.12
new 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 7.91 7.91
up 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 7.58 7.58
down 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 7.92 5.27
up 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 4.81 4.81
new 6.72% Power Finance Corp. 2023 Debenture AAA 0.00 - 3.93 3.93
new 8.75% REC 2025 Bonds AAA 0.00 - 3.75 3.75
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 5.55 3.75
equal 6.35% Export-Import Bank 18/02/2025 Debenture AAA 0.00 - 3.81 3.52
equal 7.49% Power Grid Corporation 25/10/2024 Debenture AAA 0.00 - 3.50 3.24
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 3.19 3.19
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 2.90 - 6.91 2.90
equal 7.34% Power Grid Corporation 15/07/2024 Bonds/NCDs AAA 2.90 - 3.84 2.90
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 3.02 2.80
equal 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 1.33 - 4.07 2.62
down 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 4.51 2.52
equal 6.19% IRFC 28/04/2023 Debenture AAA 0.00 - 2.68 2.48
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 2.18 2.01
equal 8.88% Export-Import Bank 18/10/2022 Bonds AAA 0.00 - 2.44 1.84
up 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.92 - 1.70 1.70
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 2.08 1.66
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.09 1.50
equal 8.81% SIDBI 25/01/2022 Debenture AAA 1.41 - 2.30 1.41
down 6.88% National Housing Bank 21/01/2025 Bonds/NCDs AAA 0.00 - 5.25 1.38
equal 8.50% NHPC 14/07/2023 Bonds/Debentures AAA 1.31 - 1.95 1.31

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-Jun-2020

Fund Manager

— Saurabh Bhatia since 14-Feb-2018

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.

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:

Invest Online
0.01%

Change from previous, NAV as on 04-Aug-2020

Growth: ₹ 18.2553

Dividend Weekly: ₹ 10.1771

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Dividend Quarterly: ₹ 10.3641

Dividend Monthly: ₹ 10.2455

Dividend Daily: ₹ 10.1650

Dividend: ₹ 11.0713

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

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: 14-Sep-2013
Return Since Launch: 9.12%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,143 Cr (As on 30-Jun-2020)
Expense: 0.56% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily31-Jul-20200.0076

 30-Jul-20200.0026
 29-Jul-20200.0036
 28-Jul-20200.0014
 27-Jul-20200.0018
 26-Jul-20200.0053
 23-Jul-20200.0027
 22-Jul-20200.0021
 21-Jul-20200.0025
 20-Jul-20200.0021
 19-Jul-20200.0049
 16-Jul-20200.0156
 15-Jul-20200.0200
 14-Jul-20200.0111
 12-Jul-20200.0199
 09-Jul-20200.0028
 07-Jul-20200.0127
 06-Jul-20200.0023
 05-Jul-20200.0060
 02-Jul-20200.0023
 01-Jul-20200.0064
 30-Jun-20200.0102
 29-Jun-20200.0027
 28-Jun-20200.0056
 25-Jun-20200.0021
Dividend Weekly29-Jul-20200.0153

 22-Jul-20200.0274
 15-Jul-20200.0536
 08-Jul-20200.0227
 01-Jul-20200.0270
 24-Jun-20200.0250
 17-Jun-20200.0278
 10-Jun-20200.0168
 03-Jun-20200.0376
 27-May-20200.0364
 20-May-20200.0348
 13-May-20200.0184
 07-May-20200.0594
 22-Apr-20200.1279
 02-Apr-20200.0226
 04-Mar-20200.0194
 19-Feb-20200.0025
 12-Feb-20200.0350
 05-Feb-20200.0477
 29-Jan-20200.0162
 22-Jan-20200.0192
 15-Jan-20200.0006
 08-Jan-20200.0171
 01-Jan-20200.0026
 27-Nov-20190.0146
Dividend Monthly28-Jul-20200.0776

 26-Jun-20200.1116
 28-May-20200.2010
 28-Apr-20200.0842
 27-Mar-20200.0352
 28-Feb-20200.0761
 28-Jan-20200.0586
 28-Nov-20190.0844
 25-Oct-20190.0949
 28-Aug-20190.1150
 26-Jul-20190.0836
 28-Jun-20190.0310
 28-May-20190.1072
 28-Mar-20190.0980
 28-Feb-20190.0486
 28-Jan-20190.0444
 28-Dec-20180.0818
 28-Nov-20180.0740
 26-Oct-20180.0437
 30-Sep-20180.0172
 28-Aug-20180.0424
 27-Jul-20180.0589
 28-Jun-20180.0117
 28-Mar-20180.0795
 28-Feb-20180.0145
Dividend Quarterly26-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
 26-Jun-20150.1185
 27-Mar-20150.1873
 26-Dec-20140.2335
 26-Sep-20140.1430
 27-Jun-20140.2253
 28-Mar-20140.1680
Dividend27-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

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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