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2 star

DSP Regular Savings Fund


Hybrid: Conservative Hybrid

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.75 Lakh

Suitability:

When you invest for three years or above, you can expect gains that beat the inflation rate and are also slightly higher than fixed income options. But be prepared for some ups and downs in your investment value along the way.

Conservative hybrid funds invest roughly a quarter of your money in equity shares and the rest in bonds and commodities. Given their underlying investments, these funds offer a viable alternative to regular income seekers. To derive dependable, inflation-protected income, 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% of the value of your investment every year.

Warning: Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than three years.

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 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 1.12 -0.19 0.86 2.73 8.46 1.05 4.58 2.53 5.15 7.10 7.27
VR MIP TRI -0.35 -0.16 1.01 2.15 8.33 -0.05 2.89 6.35 7.17 8.41 7.88
Hybrid: Conservative Hybrid -0.56 -0.10 1.01 2.35 7.03 -0.52 2.42 3.58 5.94 7.98 7.57
Rank within category 21 31 24 11 13 21 17 26 27 25 20
Number of funds in category 38 38 38 38 38 38 37 35 32 30 27

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 Regular Savings Fund  | Invest Online
2 star
Jun-04 4.58 2.53 5.15 2.18 193
ICICI Prudential Regular Savings Fund  | Invest Now
5 star
Mar-04 6.83 6.64 8.65 1.95 1,544
HDFC Hybrid Debt Fund  | Invest Online
2 star
Dec-03 1.57 2.91 6.27 1.86 2,344
UTI Regular Savings Fund - Regular Plan  | Invest Online
2 star
Dec-03 -0.16 2.72 5.47 1.78 1,658
Aditya Birla Sun Life Regular Savings Fund  | Invest Online
2 star
May-04 -1.59 1.20 5.68 1.97 1,203

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 2.55 7.34 -0.38 -0.39 0.98 -3.50
VR MIP TRI 6.06 6.50 0.12 0.13 -- --
Hybrid: Conservative Hybrid 3.54 7.02 -0.20 -0.16 0.84 -2.40
Rank within category 26 27 27 28 31 27
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 45
Number of Bonds 14
Average Maturity (yrs) 3.77
Top 10 Holdings (%) 68.48
Portfolio P/B Ratio 2.38
Portfolio P/E Ratio 17.08

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 KKR India Financial Services 2021 Debenture AA 0.00 - 16.19 16.19
equal HPCL 14/08/2024 Debenture AAA 0.00 - 10.94 10.94
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 8.58 8.58
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 8.44 8.44
equal 8.32% Power Grid Corporation 23/12/2025 Bonds AAA 3.92 - 5.98 5.98
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 7.08 5.49
new 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 4.36 4.36
equal 8.11% Export-Import Bank 2025 Bonds AAA 0.00 - 2.91 2.91
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 2.84 2.84
equal 8.30% GAIL 23/02/2024 Bonds AAA 1.90 - 2.75 2.75
equal 9.38% Export-Import Bank 29/09/2021 Bonds AAA 1.90 - 2.74 2.74
down 8.93% Power Grid Corporation 20/10/2021 Bonds AAA 2.31 - 4.73 2.31
equal 8.49% NTPC 25/03/2025 Bonds/NCDs AAA 0.83 - 1.25 1.25
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 22.62 3.06 1.61 2.56
equal Bajaj Finance Financial 38.07 3.21 0.83 1.69
equal Max Financial Services Financial 102.94 1.43 0.00 1.43
equal Ipca Laboratories Healthcare 33.89 1.17 0.00 1.17
equal ICICI Lombard General Insurance Company Financial 48.88 0.98 0.00 0.98
equal GAIL Energy 5.09 1.69 0.64 0.85
equal JB Chemicals & Pharma Healthcare 20.25 0.84 0.00 0.84
equal Nestle India FMCG 79.58 0.83 0.00 0.83
equal V-Guard Industries Cons Durable 39.23 1.13 0.62 0.78
equal Voltas Cons Durable 35.64 1.00 0.61 0.75
equal Eris Lifesciences Healthcare 20.50 1.56 0.48 0.72
equal Balkrishna Industries Automobile 25.48 0.68 0.00 0.68
equal Sun Pharmaceutical Inds. Healthcare 30.81 0.68 0.00 0.68
equal Britannia Inds. FMCG 63.10 0.73 0.45 0.66
down Blue Star Cons Durable 32.63 1.66 0.56 0.56
equal NTPC Energy 13.42 0.67 0.00 0.56
equal Shree Cement Construction 52.81 0.56 0.00 0.56
equal Kotak Mahindra Bank Financial 31.44 0.89 0.48 0.52
equal Minda Industries Automobile 52.30 0.56 0.30 0.51
equal BPCL Energy 26.85 0.92 0.39 0.46
equal HDFC Life Insurance Financial -- 0.43 0.00 0.43
equal Hatsun Agro Products FMCG 95.19 0.46 0.00 0.42
equal Gujarat State Petronet Energy 6.69 0.55 0.25 0.41
equal Crompton Greaves Consumer Electricals Cons Durable 30.23 0.77 0.28 0.40
equal Larsen & Toubro Construction 13.86 0.57 0.16 0.38

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

— 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:


-0.19%

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

Growth: ₹ 37.4157

Dividend Quarterly: ₹ 11.2331

Dividend Monthly: ₹ 10.5925


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: 8.55%
Benchmark: CRISIL Hybrid 85+15 Conservative
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 193 Cr (As on 31-May-2020)
Expense: 2.18% (As on 31-May-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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