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2 star

DSP Regular Savings Fund


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.83 Lakh

Suitability:

Conservative hybrid funds invest roughly a quarter of your money in equity shares and the rest in bonds. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than returns from fixed income options.

They may also suit those looking for a regular income from their accumulation. The debt portion of these funds provides a moderate, but steady stream of income. The small equity allocation though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.

Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.

Taxability of earnings:

The tax treatment of this fund may vary depending upon its asset allocation. It will be taxed in the following manner based on its average asset allocation in the last 12 months.

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 3.55 0.01 0.94 0.95 4.80 10.93 7.60 2.12 5.54 7.44 7.46
VR MIP TRI 2.05 -0.02 0.14 0.24 4.73 11.94 7.01 6.33 7.72 8.81 7.76
Hybrid: Conservative Hybrid 2.32 0.05 0.61 0.66 5.22 10.42 5.98 3.83 6.44 8.56 7.56
Rank within category 22 26 7 12 20 15 15 29 28 24 20
Number of funds in category 39 39 39 39 39 39 38 36 33 30 29

As on 18-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Regular Savings Fund  | Invest Online
2 star
Jun-04 7.60 2.12 5.54 2.20 197
ICICI Prudential Regular Savings Fund  | Invest Now
5 star
Mar-04 10.21 6.96 8.98 1.98 1,916
HDFC Hybrid Debt Fund  | Invest Online
2 star
Dec-03 5.04 3.48 6.57 1.88 2,389
UTI Regular Savings Fund - Regular Plan  | Invest Online
2 star
Dec-03 3.60 2.75 5.87 1.78 1,660
Aditya Birla Sun Life Regular Savings Fund  | Invest Online
2 star
May-04 2.86 1.00 6.39 1.99 1,184

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.25 (14-May-2009 - 21-May-2009) -6.19 (16-Mar-2020 - 23-Mar-2020)
Month 7.03 (11-May-2009 - 10-Jun-2009) -12.13 (20-Feb-2020 - 23-Mar-2020)
Quarter 11.70 (09-Mar-2009 - 10-Jun-2009) -9.93 (23-Dec-2019 - 23-Mar-2020)
Year 23.02 (08-Dec-2008 - 08-Dec-2009) -6.34 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.14 7.25 -0.41 -0.41 0.96 -4.25
VR MIP TRI 6.45 6.54 0.20 0.22 -- --
Hybrid: Conservative Hybrid 4.04 7.13 -0.11 -0.07 0.85 -2.21
Rank within category 31 26 29 30 31 30
Number of funds in category 36 36 36 36 36 36

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 26
Number of Bonds 17
Average Maturity (yrs) 3.11
Top 10 Holdings (%) 59.20
Portfolio P/B Ratio 5.06
Portfolio P/E Ratio 30.28

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 6.06 - 8.47 8.47
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 8.51 8.20
equal HPCL 14/08/2024 Debenture AAA 7.50 - 10.94 7.50
equal KKR India Financial Services 2021 Debenture AA 0.00 - 16.19 6.87
equal 8.32% Power Grid Corporation 23/12/2025 Bonds AAA 4.44 - 6.01 5.95
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 4.87 - 7.08 5.49
new 6.88% REC 20/03/2025 Debenture AAA 0.00 - 5.35 5.35
new 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 5.34 5.34
new 9.17% NTPC 22/09/2024 Debenture AAA 0.00 - 3.09 3.09
equal 8.11% Export-Import Bank 2025 Bonds AAA 0.00 - 2.92 2.88
equal 8.30% GAIL 23/02/2024 Bonds AAA 2.16 - 2.78 2.78
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.89 2.76
equal 9.38% Export-Import Bank 29/09/2021 Bonds AAA 1.99 - 2.74 2.71
new 6.35% Export-Import Bank 18/02/2025 Debenture AAA 0.00 - 2.68 2.68
equal 8.93% Power Grid Corporation 20/10/2021 Bonds AAA 2.28 - 4.73 2.29
equal 8.49% NTPC 25/03/2025 Bonds/NCDs AAA 0.95 - 1.26 1.24
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 0.84 0.84

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 20.41 3.06 1.63 2.94
equal Max Financial Services Financial 67.91 1.71 0.00 1.71
equal Bajaj Finance Financial 41.63 3.21 1.00 1.68
equal Cipla Healthcare 39.52 1.65 0.00 1.63
equal Infosys Technology 25.08 1.59 0.00 1.52
equal Ipca Laboratories Healthcare 29.87 1.44 0.00 1.44
equal Voltas Cons Durable 51.87 1.31 0.61 1.31
equal Tata Consultancy Services Technology 29.46 1.03 0.00 1.02
equal ICICI Lombard General Insurance Company Financial 46.08 0.98 0.53 0.93
down JB Chemicals & Pharma Healthcare 26.50 0.90 0.00 0.90
equal Balkrishna Industries Automobile 29.51 0.82 0.00 0.82
equal Dabur India FMCG 63.05 0.83 0.00 0.76
equal Nestle India FMCG 74.61 0.83 0.00 0.74
equal V-Guard Industries Cons Durable 53.59 1.13 0.62 0.72
equal Britannia Inds. FMCG 53.85 0.74 0.45 0.71
equal Kotak Mahindra Bank Financial 29.72 0.89 0.48 0.59
equal Hatsun Agro Products FMCG 115.31 0.59 0.00 0.59
equal Minda Industries Automobile -- 0.58 0.30 0.58
equal Shree Cement Construction 47.38 0.61 0.00 0.54
equal Bharat Electronics Engineering 15.14 0.53 0.20 0.53
equal Crompton Greaves Consumer Electricals Cons Durable 39.09 0.77 0.28 0.47
equal HDFC Life Insurance Financial 89.36 0.51 0.00 0.46
equal Gujarat State Petronet Energy 7.31 0.55 0.28 0.41
equal Cummins India Engineering 22.02 0.49 0.00 0.41
equal Wim Plast Chemicals 15.04 0.39 0.13 0.22

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-Aug-2020

Fund Manager

— Vinit Sambre since 01-Jun-2020

Education: Mr. Sambre is a B.Com and FCA.

Experience: Prior to joining DSP he was associated with DSP Merrill Lynch Ltd.(Nov 2005 to Jun 2007), IL & FS Investsmart Ltd. (Dec 2002 to Oct 2005), Unit Trust of India Investment Advisory Services Ltd.(Jun 2000 to Dec 2002), Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. (March 1999 to May 2000) and Credit Rating Information Service of India Ltd.(Apr 1998 to Feb 1999).

Interviews:

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:


0.01%

Change from previous, NAV as on 18-Sep-2020

Growth: ₹ 38.3123

Dividend Quarterly: ₹ 11.5023

Dividend Monthly: ₹ 10.8463


Investment Strategy

The scheme seeks to generate attractive return, consistent with prudent risk, from a portfolio comprising substantially of quality debt securities. It also aims to generate capital appreciation by investing up to 10 per cent its corpus in equity of 100 largest corporates by market capitalization, listed in India.

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 1% for redemption within 364 days

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 11-Jun-2004
Return Since Launch: 8.60%
Benchmark: CRISIL Hybrid 85+15 Conservative
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 197 Cr (As on 31-Aug-2020)
Expense: 2.20% (As on 31-Aug-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-Jun-20200.2239

 27-Mar-20200.1533
 27-Dec-20190.1692
 27-Sep-20190.1665
 28-Jun-20190.1719
 28-Mar-20190.1723
 28-Dec-20180.1723
 28-Sep-20180.1796
 28-Jun-20180.1870
 28-Mar-20180.1907
 28-Dec-20170.1975
 28-Sep-20170.1983
 28-Jun-20170.1959
 27-Mar-20170.1940
 28-Dec-20160.1928
 28-Sep-20160.1980
 28-Jun-20160.1859
 28-Mar-20160.1835
 28-Dec-20150.1800
 28-Sep-20150.1800
 26-Jun-20150.1800
 27-Mar-20150.1800
 26-Dec-20140.1800
 26-Sep-20140.1800
 27-Jun-20140.1800
Dividend Monthly28-May-20200.0679

 28-Feb-20200.0513
 28-Jan-20200.0520
 27-Dec-20190.0516
 28-Nov-20190.0520
 25-Oct-20190.0517
 27-Sep-20190.0516
 28-Aug-20190.0510
 26-Jul-20190.0514
 28-Jun-20190.0523
 28-May-20190.0527
 26-Apr-20190.0523
 28-Mar-20190.0526
 28-Feb-20190.0513
 28-Jan-20190.0514
 28-Dec-20180.0523
 28-Nov-20180.0532
 26-Oct-20180.0525
 30-Sep-20180.0538
 28-Aug-20180.0574
 27-Jul-20180.0572
 28-Jun-20180.0563
 28-May-20180.0574
 27-Apr-20180.0582
 28-Mar-20180.0584

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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