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DSP Banking & PSU Debt Fund - Regular Plan download report

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Debt: Banking and PSU

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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
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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 0.13 0.01 0.00 -0.44 -0.39 0.42 2.24 6.85 6.74 7.33 --
CCIL T Bill Liquidity Weight 0.55 0.02 0.03 -0.02 0.25 0.81 1.89 2.76 3.34 3.74 --
Debt: Banking and PSU 0.06 0.01 0.00 -0.37 -0.43 0.34 2.40 6.78 6.69 7.26 --
Rank within category 9 14 14 9 10 9 13 10 10 9 --
Number of funds in category 22 22 22 22 22 22 22 17 16 14 3

As on 19-May-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  | Invest Online
3 star
 Sep-13 2.24 6.85 6.74 0.57% 2,626
IDFC Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
 Mar-13 2.63 7.30 7.25 0.62% 17,076
Axis Banking & PSU Debt Fund
5 star
 Jun-12 2.97 6.82 7.21 0.62% 15,081
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
 Apr-08 2.87 7.16 7.02 0.68% 10,941
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
4 star
 Jan-10 3.44 6.94 6.66 0.82% 10,510

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 2.23 12-May-2021 - 13-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
DSP Banking & PSU Debt Reg-G 7.05 2.16 1.64 3.39 3.35 5.77
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Banking and PSU 6.93 2.27 1.54 3.35 2.70 5.21
Rank within category 8 9 9 9 16 4
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-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 37 58 37 67
Modified Duration (yrs) 0.89 1.89 0.89 1.82
Average Maturity (yrs) 0.98 2.14 0.98 2.48
Yield to Maturity (%) 4.96 4.96 4.45 5.52
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
new Bank of Baroda 2022 Certificate of Deposit A1+ 0.00 - 7.61 7.61
equal Indian Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 5.70 5.70
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 5.03 - 5.85 5.26
equal 6.55% NTPC 17/04/2023 Debenture AAA 4.83 - 6.96 4.83
equal 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 3.83 3.83
equal 4.99% REC 31/01/2024 Debenture AAA 0.00 - 3.80 3.80
up 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 3.78 3.78
equal HDFC Bank 13/12/2022 Certificate of Deposit A1+ 0.00 - 3.70 3.70
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 3.70 3.70
equal Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 3.65 3.65
equal 5.35% National Housing Bank 2024 Debenture AAA 1.54 - 3.64 3.64
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 2.59 - 3.53 3.53
equal 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 2.75 - 5.48 3.47
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 2.15 - 3.01 3.01
equal 8.49% NTPC 25/03/2025 Bonds/NCDs AAA 0.00 - 2.93 2.79
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 2.05 - 2.79 2.79
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 0.00 - 1.95 1.95
down 5.15% GOI 2025 GOI Securities SOV 0.00 - 3.74 1.88
new 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 1.84 1.84
equal SIDBI 23/03/2023 Commercial Paper A1+ 0.00 - 1.82 1.82
equal 8.50% Export-Import Bank 26/04/2023 Bonds AAA 1.17 - 1.67 1.57
equal 8.50% NHPC 14/07/2023 Bonds/Debentures AAA 1.09 - 1.47 1.47
down 7.59% GOI 2026 GOI Securities SOV 0.00 - 4.01 1.41
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 0.00 - 1.04 0.99
equal 7.12% REC 31/03/2023 Non Convertible Debenture AAA 0.00 - 0.97 0.97

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-Apr-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:

Invest Online
0.01%

Change from previous, NAV as on 19-May-2022

Growth: ₹ 19.3240

IDCW Weekly: ₹ 10.0883

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IDCW Quarterly: ₹ 10.1020

IDCW Monthly: ₹ 10.1191

IDCW Daily: ₹ 10.0883

IDCW: ₹ 10.1021

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 12
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: 7.88%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,626 Cr (As on 30-Apr-2022)
Expense: 0.57% (As on 30-Apr-2022)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily06-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
 15-Mar-20220.0055
 14-Mar-20220.0035
 17-Feb-20220.0029
 16-Feb-20220.0009
 13-Feb-20220.0062
 10-Feb-20220.0053
 09-Feb-20220.0134
 30-Jan-20220.0055
 24-Jan-20220.0031
 23-Jan-20220.0025
 20-Jan-20220.0013
 19-Jan-20220.0015
 13-Jan-20220.0009
 12-Jan-20220.0040
 11-Jan-20220.0007
IDCW Weekly06-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
 25-Aug-20210.0007
 19-Aug-20210.0260
 11-Aug-20210.0061
 04-Aug-20210.0153
 28-Jul-20210.0140
 21-Jul-20210.0145
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 Monthly28-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
 28-Jan-20200.0586
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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