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3 star

DSP Banking & PSU Debt Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.04 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
Fund 1.85 0.04 0.14 0.78 1.12 2.70 4.45 8.69 7.72 8.30 --
CCIL T Bill Liquidity Weight 1.18 -0.01 0.05 0.20 0.55 1.09 2.12 3.48 3.73 4.16 --
Debt: Banking and PSU 1.93 0.04 0.11 0.63 1.14 2.58 4.30 8.33 7.62 8.04 --
Rank within category 15 8 5 5 13 10 11 7 9 5 --
Number of funds in category 21 22 22 22 22 22 19 17 14 13 3

As on 03-Aug-2021

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 4.45 8.69 7.72 0.55 3,499
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 4.80 9.40 7.97 0.62 18,309
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 4.83 8.78 7.93 0.68 16,857
Axis Banking & PSU Debt Fund
4 star
Jun-12 4.56 8.65 8.01 0.62 16,496
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 4.60 8.90 8.05 0.77 9,290

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 3.52 11-Sep-2017 - 11-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.40 2.16 1.98 3.20 2.63 6.09
CCIL T Bill Liquidity Weight 3.44 0.39 -1.76 -4.38 -- --
Debt: Banking and PSU 8.08 2.44 1.76 3.31 2.18 5.45
Rank within category 9 7 7 13 14 5
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-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 53 55 43 85
Modified Duration (yrs) 1.71 3.05 1.50 2.29
Average Maturity (yrs) 2.03 3.61 1.69 2.97
Yield to Maturity (%) 4.71 5.26 4.34 5.00
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
equal 6.55% NTPC 17/04/2023 Debenture AAA 4.53 - 9.20 6.27
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 2.14 - 5.44 5.27
equal 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 2.17 - 5.19 5.19
down 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 4.73 - 9.53 4.73
equal 6.51% GOI 2024 GOI Securities SOV 0.00 - 6.22 3.97
up 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 9.34 3.53
equal 4.90% SIDBI 18/08/2023 Bonds/NCDs AAA 0.00 - 3.66 3.13
down 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 4.15 2.90
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 1.09 - 2.93 2.83
up 5.15% GOI 2025 GOI Securities SOV 0.00 - 12.21 2.83
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 0.00 - 2.77 2.72
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 1.40 - 2.75 2.65
equal 4.64% Oil & Natural Gas Corporation 21/11/2023 Debenture AAA 0.00 - 2.64 2.64
equal 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 1.90 - 2.37 2.31
equal 6.50% Power Finance Corporation 17/09/2025 Non Convertible Debenture AAA 0.00 - 2.29 2.29
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 4.57 2.26
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 2.23 2.23
down 6.72% Power Finance Corporation 2023 Debenture AAA 2.22 - 4.47 2.22
new 8.49% NTPC 25/03/2025 Bonds/NCDs AAA 0.00 - 2.18 2.18
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 0.00 - 3.86 2.16
equal REC 13/12/2022 Debenture AAA 0.00 - 1.99 1.99
down 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 1.88 - 4.71 1.88
equal 7.34% Power Grid Corporation 15/07/2024 Bonds/NCDs AAA 1.66 - 2.44 1.77
equal 5.35% National Housing Bank 2024 Debenture AAA 0.00 - 1.61 1.61
equal 8.88% Export-Import Bank 18/10/2022 Bonds AAA 1.23 - 1.65 1.59

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-2021

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:


0.04%

Change from previous, NAV as on 03-Aug-2021

Growth: ₹ 19.0654

IDCW Weekly: ₹ 10.1694

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IDCW Quarterly: ₹ 10.2236

IDCW Monthly: ₹ 10.1747

IDCW Daily: ₹ 10.1600

IDCW: ₹ 10.4148


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 12
Minimum Withdrawal (₹) 500
Minimum 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: 8.52%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,499 Cr (As on 30-Jun-2021)
Expense: 0.55% (As on 30-Jun-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-Aug-20210.0037

 01-Aug-20210.0036
 29-Jul-20210.0021
 28-Jul-20210.0029
 27-Jul-20210.0023
 26-Jul-20210.0024
 25-Jul-20210.0046
 19-Jul-20210.0056
 18-Jul-20210.0012
 15-Jul-20210.0095
 14-Jul-20210.0053
 11-Jun-20210.0019
 10-Jun-20210.0024
 09-Jun-20210.0081
 08-Jun-20210.0054
 07-Jun-20210.0045
 04-Jun-20210.0076
 24-May-20210.0042
 21-May-20210.0040
 20-May-20210.0030
 19-May-20210.0039
 17-May-20210.0050
 10-May-20210.0029
 07-May-20210.0026
 06-May-20210.0031
IDCW Monthly28-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
 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
IDCW Weekly28-Jul-20210.0140

 21-Jul-20210.0145
 14-Jul-20210.0097
 09-Jun-20210.0263
 26-May-20210.0104
 19-May-20210.0118
 13-May-20210.0057
 05-May-20210.0194
 28-Apr-20210.0308
 21-Apr-20210.0108
 14-Apr-20210.0014
 07-Apr-20210.0015
 04-Apr-20210.0000
 06-Jan-20210.0208
 30-Dec-20200.0155
 23-Dec-20200.0087
 16-Dec-20200.0010
 09-Dec-20200.0029
 25-Nov-20200.0244
 18-Nov-20200.0347
 11-Nov-20200.0127
 04-Nov-20200.0220
 28-Oct-20200.0012
 21-Oct-20200.0031
 14-Oct-20200.0695
IDCW Quarterly28-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
 26-Jun-20150.1185
 27-Mar-20150.1873
 26-Dec-20140.2335
IDCW25-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

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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