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3 star

DSP Banking & PSU Debt Fund - Direct Plan


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

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 7.96 0.14 0.56 1.99 6.01 7.60 12.82 9.05 9.22 -- --
CCIL T Bill Liquidity Weight 2.04 0.01 0.05 0.23 0.93 1.94 3.95 4.14 4.33 -- --
Debt: Banking and PSU 7.00 0.17 0.59 2.04 5.68 6.70 11.56 8.91 8.99 -- --
Rank within category 3 10 11 11 6 3 4 9 8 -- --
Number of funds in category 19 19 19 19 19 19 18 16 14 7 0

As on 08-Jul-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 - Direct Plan  | Invest Online
3 star
Sep-13 12.82 9.05 9.22 0.29 2,881
IDFC Banking & PSU Debt Fund - Direct Plan
4 star
Mar-13 13.16 9.88 8.96 0.30 16,791
Axis Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.91 9.65 9.09 0.31 15,317
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.89 9.33 9.30 0.29 6,163
Nippon India Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
May-15 12.99 9.35 9.31 0.30 4,973

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.33 (24-Mar-2020 - 31-Mar-2020) -2.20 (12-Mar-2020 - 19-Mar-2020)
Month 4.42 (24-Mar-2020 - 23-Apr-2020) -2.64 (20-Feb-2020 - 23-Mar-2020)
Quarter 7.59 (24-Mar-2020 - 24-Jun-2020) -0.58 (23-Dec-2019 - 23-Mar-2020)
Year 13.08 (02-Jul-2019 - 01-Jul-2020) 3.78 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.59 2.11 1.56 2.79 2.67 6.57
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Banking and PSU 8.47 2.27 1.52 3.26 2.07 5.72
Rank within category 9 9 9 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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 52 57 47 82
Modified Duration (yrs) 2.82 3.26 2.29 --
Average Maturity (yrs) 3.38 4.07 2.99 --
Yield to Maturity (%) 5.23 7.44 5.23 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 7.92 6.24
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 5.84 5.84
up 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 7.14 5.38
down 7.17% GOI 2028 GOI Securities SOV 0.00 - 10.98 5.13
up 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 4.51 4.51
equal 6.88% National Housing Bank 21/01/2025 Bonds/NCDs AAA 0.00 - 5.25 4.26
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 5.55 4.03
up 6.35% Export-Import Bank 18/02/2025 Debenture AAA 0.00 - 3.81 3.81
new 7.49% Power Grid Corporation 25/10/2024 Debenture AAA 0.00 - 3.50 3.50
equal 7.34% Power Grid Corporation 15/07/2024 Bonds/NCDs AAA 0.00 - 3.84 3.14
up 7.93% NTPC 2022 Non Convertible Debenture AAA 3.13 - 6.91 3.13
up 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 3.02 3.02
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 5.22 2.97
equal 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 0.00 - 4.07 2.83
new 6.19% IRFC 28/04/2023 Debenture AAA 0.00 - 2.68 2.68
up 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 2.18 2.18
equal 8.88% Export-Import Bank 18/10/2022 Bonds AAA 0.00 - 2.44 1.98
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 1.94 1.94
down 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 0.00 - 3.19 1.83
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 2.08 1.78
new 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 1.73 1.73
down 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.09 1.62
equal 8.81% SIDBI 25/01/2022 Debenture AAA 1.51 - 2.39 1.51
equal 8.50% NHPC 14/07/2023 Bonds/Debentures AAA 1.42 - 2.19 1.42
new 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 2.08 1.34

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-May-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:


0.14%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 18.6014

Dividend Weekly: ₹ 10.2644

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Dividend Quarterly: ₹ 10.3334

Dividend Monthly: ₹ 10.2918

Dividend Daily: ₹ 10.2401

Dividend: ₹ 11.0464


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: 9.53%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,881 Cr (As on 31-May-2020)
Expense: 0.29% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily07-Jul-20200.0127

 06-Jul-20200.0024
 05-Jul-20200.0062
 02-Jul-20200.0024
 01-Jul-20200.0065
 30-Jun-20200.0103
 29-Jun-20200.0027
 28-Jun-20200.0058
 25-Jun-20200.0021
 24-Jun-20200.0025
 23-Jun-20200.0036
 22-Jun-20200.0041
 21-Jun-20200.0076
 18-Jun-20200.0076
 17-Jun-20200.0015
 16-Jun-20200.0089
 15-Jun-20200.0063
 14-Jun-20200.0092
 11-Jun-20200.0028
 10-Jun-20200.0077
 09-Jun-20200.0019
 08-Jun-20200.0061
 07-Jun-20200.0012
 03-Jun-20200.0021
 02-Jun-20200.0067
Dividend Weekly01-Jul-20200.0275

 24-Jun-20200.0255
 17-Jun-20200.0284
 10-Jun-20200.0173
 03-Jun-20200.0381
 27-May-20200.0369
 20-May-20200.0354
 13-May-20200.0190
 07-May-20200.0605
 22-Apr-20200.1295
 02-Apr-20200.0247
 04-Mar-20200.0201
 19-Feb-20200.0029
 12-Feb-20200.0354
 05-Feb-20200.0481
 29-Jan-20200.0166
 22-Jan-20200.0196
 15-Jan-20200.0010
 08-Jan-20200.0175
 01-Jan-20200.0047
 27-Nov-20190.0150
 20-Nov-20190.0203
 13-Nov-20190.0094
 06-Nov-20190.0076
 30-Oct-20190.0357
Dividend Monthly26-Jun-20200.1138

 28-May-20200.2032
 28-Apr-20200.0866
 27-Mar-20200.0366
 28-Feb-20200.0779
 28-Jan-20200.0622
 28-Nov-20190.0865
 25-Oct-20190.0977
 27-Sep-20190.0006
 28-Aug-20190.1170
 26-Jul-20190.0853
 28-Jun-20190.0331
 28-May-20190.1122
 28-Mar-20190.1002
 28-Feb-20190.0510
 28-Jan-20190.0468
 28-Dec-20180.0841
 28-Nov-20180.0766
 26-Oct-20180.0455
 30-Sep-20180.0188
 28-Aug-20180.0441
 27-Jul-20180.0603
 28-Jun-20180.0163
 28-Mar-20180.0809
 28-Feb-20180.0162
Dividend Quarterly26-Jun-20200.6604

 27-Dec-20190.1393
 27-Sep-20190.2171
 28-Jun-20190.1778
 28-Mar-20190.1924
 28-Dec-20180.2059
 30-Sep-20180.1121
 28-Jun-20180.0468
 28-Mar-20180.0931
 28-Dec-20170.0436
 28-Sep-20170.1272
 28-Jun-20170.2086
 27-Mar-20170.0399
 28-Dec-20160.1890
 28-Sep-20160.2718
 28-Jun-20160.1654
 28-Mar-20160.1570
 28-Dec-20150.1577
 28-Sep-20150.1722
 26-Jun-20150.1251
 27-Mar-20150.1939
 26-Dec-20140.2403
 26-Sep-20140.1501
 27-Jun-20140.2325
 28-Mar-20140.1752
Dividend27-Mar-20200.5311

 28-Mar-20190.5737
 28-Mar-20180.4851
 27-Mar-20170.6927
 28-Mar-20160.6310
 27-Mar-20150.4401
 26-Sep-20140.1500
 27-Jun-20140.2325
 28-Mar-20140.1763
 27-Dec-20130.1196

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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