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DSP Banking & PSU Debt Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.35 0.02 0.01 0.71 1.96 4.18 9.94 7.11 7.93 -- --
CCIL T Bill Liquidity Weight 0.16 0.00 0.05 0.29 0.84 1.92 4.25 4.15 4.46 -- --
Debt: Banking and PSU 0.34 0.05 0.02 0.87 2.01 3.86 9.73 7.28 7.94 -- --
Rank within category 9 15 13 15 10 8 12 12 9 -- --
Number of funds in category 19 19 19 19 19 18 17 15 13 5 3

As on 16-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 2.34 (25-Oct-2016 - 24-Nov-2016) -1.04 (25-Nov-2016 - 27-Dec-2016)
Quarter 4.41 (25-Aug-2016 - 24-Nov-2016) -0.49 (06-Dec-2016 - 07-Mar-2017)
Year 12.06 (24-Nov-2015 - 24-Nov-2016) 3.52 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.00 1.92 0.67 1.13 4.86 9.25
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Debt: Banking and PSU 7.19 2.04 0.83 1.62 4.73 9.24
Rank within category 14 8 15 13 11 11
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 53 57 38 66
Modified Duration (yrs) 2.29 2.78 1.34 2.63
Average Maturity (yrs) 2.99 4.32 2.07 3.40
Yield to Maturity (%) 6.73 7.87 6.50 6.91

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 6.91 6.91
up 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 5.55 5.55
up 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 5.14 5.14
up 6.70% IRFC 24/11/2021 Bonds/NCDs AAA 0.00 - 4.72 4.12
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 4.02 4.02
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 9.55 3.63
new 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 3.62 3.62
up 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 3.73 3.57
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 5.31 3.49
equal 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 0.00 - 4.07 3.27
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 3.92 3.26
equal 7.34% Power Grid Corporation 15/07/2024 Bonds/NCDs AAA 0.00 - 3.76 3.12
equal 7.09% REC 17/10/2022 Debenture AAA 0.00 - 3.04 2.36
equal 8.88% Export-Import Bank 18/10/2022 Bonds AAA 0.00 - 2.41 2.29
down 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 0.00 - 3.44 2.20
new 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 2.18 2.18
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 0.00 - 2.29 2.18
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 3.76 2.17
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 2.51 2.17
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 2.17 - 6.41 2.17
new 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 3.69 2.16
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 2.25 2.14
equal 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 3.40 1.91
equal 8.15% REC 2022 Non Convertible Debenture AAA 0.00 - 2.45 1.81
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 0.00 - 2.14 1.72

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-Dec-2019

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:


0.02%

Change from previous, NAV as on 16-Jan-2020

Growth: ₹ 16.9381

Dividend Weekly: ₹ 10.1600

More

Dividend Quarterly: ₹ 10.2215

Dividend Monthly: ₹ 10.1882

Dividend Daily: ₹ 10.1589

Dividend: ₹ 10.9612


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: 8.66%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,354 Cr (As on 31-Dec-2019)
Expense: 0.55% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly15-Jan-20200.0006

 08-Jan-20200.0171
 01-Jan-20200.0026
 27-Nov-20190.0146
 20-Nov-20190.0199
 13-Nov-20190.0090
 06-Nov-20190.0072
 30-Oct-20190.0353
 23-Oct-20190.0347
 16-Oct-20190.0166
 09-Oct-20190.0083
 02-Oct-20190.0111
 18-Sep-20190.0091
 11-Sep-20190.0039
 04-Sep-20190.0143
 28-Aug-20190.0152
 21-Aug-20190.0123
 07-Aug-20190.0430
 31-Jul-20190.0293
 17-Jul-20190.0218
 10-Jul-20190.0453
 03-Jul-20190.0150
 19-Jun-20190.0153
 05-Jun-20190.0298
 29-May-20190.0309
Dividend Daily12-Jan-20200.0014

 08-Jan-20200.0004
 07-Jan-20200.0047
 06-Jan-20200.0030
 05-Jan-20200.0003
 02-Jan-20200.0019
 03-Dec-20190.0042
 02-Dec-20190.0021
 01-Dec-20190.0010
 28-Nov-20190.0020
 27-Nov-20190.0050
 26-Nov-20190.0016
 25-Nov-20190.0009
 24-Nov-20190.0070
 21-Nov-20190.0001
 20-Nov-20190.0019
 19-Nov-20190.0029
 18-Nov-20190.0024
 17-Nov-20190.0073
 14-Nov-20190.0055
 13-Nov-20190.0062
 03-Nov-20190.0027
 31-Oct-20190.0073
 30-Oct-20190.0171
 29-Oct-20190.0099
Dividend Quarterly27-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
 27-Dec-20130.1124
Dividend Monthly28-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
 25-Jan-20180.0090
 28-Nov-20170.0070
 27-Oct-20170.0360
 28-Sep-20170.0228
 28-Aug-20170.0421
 28-Jul-20170.0711
 28-Jun-20170.0723
Dividend28-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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Value Investing

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dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM