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DSP Dynamic Asset Allocation Fund - Regular Plan

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Hybrid: Dynamic Asset Allocation

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1 Lakh

Investment Grown to
₹ 1.28 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.32 Lakh

Suitability:

When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.

These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.

Like for all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Warning: Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five 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 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 0.67 -0.12 0.31 1.27 7.92 12.09 12.04 8.51 9.85 -- --
VR Balanced TRI 2.41 -1.29 -0.35 5.78 17.80 24.80 18.01 10.28 14.12 -- --
Hybrid: Dynamic Asset Allocation 1.04 -0.31 -0.12 1.82 9.35 13.23 10.95 6.40 9.11 -- --
Rank within category 16 3 1 19 16 16 9 3 5 -- --
Number of funds in category 24 24 24 24 24 24 23 15 11 6 6

As on 25-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Dynamic Asset Allocation Fund - Regular Plan  | Invest Online
4 star
 Feb-14 12.04 8.51 9.85 2.01 2,251
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
 Dec-06 11.24 8.44 11.31 1.74 28,546
Aditya Birla Sun Life Balanced Advantage Fund  | Invest Online
4 star
 Apr-00 13.71 7.86 12.28 2.10 2,596
Edelweiss Balanced Advantage Fund - Regular Plan  | Invest Online
5 star
 Aug-09 21.61 10.04 11.49 2.05 2,221
HDFC Balanced Advantage Fund  | Invest Online
Unrated
 Feb-94 8.45 3.20 11.38 1.65 39,535

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.32 (01-Apr-2020 - 09-Apr-2020) -10.33 (16-Mar-2020 - 23-Mar-2020)
Month 10.81 (24-Mar-2020 - 23-Apr-2020) -19.30 (20-Feb-2020 - 23-Mar-2020)
Quarter 19.71 (24-Mar-2020 - 23-Jun-2020) -17.08 (23-Dec-2019 - 23-Mar-2020)
Year 19.34 (11-Feb-2016 - 10-Feb-2017) -10.61 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.65 10.76 0.36 0.41 0.53 0.13
VR Balanced TRI 11.89 18.30 0.39 0.46 -- --
Hybrid: Dynamic Asset Allocation 6.78 12.40 0.16 0.19 0.62 -2.41
Rank within category 5 6 3 3 6 2
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-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 89
Top 10 Holdings (%) 39.75
Top 5 Holdings (%) 24.94
Top 3 Sectors (%) 16.11
Portfolio P/B Ratio 2.78
Portfolio P/E Ratio 30.53
Avg Credit Rating GOI/Cash

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 HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 4.12 3.59
equal 9.20% ICICI Bank 31/12/2050 Bonds AA+ 0.00 - 4.14 2.47
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 2.85 2.33
equal DSP Liquidity Direct-G Mutual Fund -- 0.00 - 1.72 1.34
equal Reserve Bank of India 364-D 04/03/2021 Treasury Bills SOV 0.00 - 1.70 1.33
equal Reserve Bank of India 364-D 11/03/2021 Treasury Bills SOV 0.00 - 1.70 1.33
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 1.40 1.22
equal HPCL 14/08/2024 Debenture AAA 0.00 - 1.62 1.21
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 1.39 1.21
equal 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 2.19 1.21
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.10 1.21
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 1.68 1.19
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 1.88 1.16
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 4.27 0.94
equal 8.93% Power Grid Corporation 20/10/2024 Bonds AAA 0.51 - 0.99 0.51
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.49 - 0.94 0.49
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 2.05 0.24
equal ICICI Bank 15/02/2021 Fixed Deposits Unrated 0.23 - 0.44 0.23
equal ICICI Bank 18/02/2021 Fixed Deposits Unrated 0.23 - 0.44 0.23
equal ICICI Bank 19/02/2021 Fixed Deposits Unrated 0.23 - 0.44 0.23
equal ICICI Bank 22/02/2021 Fixed Deposits Unrated 0.23 - 0.44 0.23
equal ICICI Bank 27/01/2021 Fixed Deposits Unrated 0.09 - 0.18 0.09
equal ICICI Bank 28/01/2021 Fixed Deposits Unrated 0.09 - 0.18 0.09
equal ICICI Bank 29/01/2021 Fixed Deposits Unrated 0.09 - 0.18 0.09
equal ICICI Bank 2021 Fixed Deposits Unrated 0.09 - 0.18 0.09

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
up Reliance Industries Energy 31.07 8.69 0.00 6.86
up Infosys Technology 30.35 5.21 0.00 5.21
up ICICI Bank Financial 26.69 6.85 0.00 5.10
up Bharti Airtel Communication -- 7.12 0.00 4.19
up Indusind Bank Financial 22.98 3.74 0.00 3.49
up Vedanta Metals -- 3.30 0.00 3.30
up HDFC Bank Financial 26.26 6.86 0.00 3.22
up Avenue Supermarts Services 192.05 1.84 0.00 1.75
up Ultratech Cement Construction 22.59 3.90 0.00 1.60
up Aurobindo Pharma Healthcare 18.62 5.78 0.00 1.44
up Dr. Reddy's Lab Healthcare 52.53 3.76 0.00 1.27
down Tata Consultancy Services Technology 39.54 4.57 0.00 1.26
equal Jindal Steel & Power Metals 13.77 2.31 0.00 1.13
up Petronet LNG Energy 14.68 1.34 0.00 1.09
up HDFC Life Insurance Financial 101.57 2.64 0.00 1.09
down Asian Paints Chemicals 87.72 2.71 0.00 1.06
down Bajaj Finance Financial 73.56 6.42 0.00 1.02
up Crompton Greaves Consumer Electricals Cons Durable 55.07 0.99 0.00 0.99
down Divi's Laboratories Healthcare 53.87 2.98 0.00 0.95
down Axis Bank Financial 56.79 2.07 0.00 0.89
down ICICI Lombard General Insurance Company Financial 46.34 3.33 0.00 0.87
up Adani Ports and Special Economic Zone Services 27.77 1.18 0.00 0.87
equal Muthoot Finance Financial 13.65 1.46 0.00 0.85
down Britannia Inds. FMCG 48.59 2.04 0.00 0.83
up Bajaj Finserv Financial 39.72 5.25 0.00 0.83

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-2020

Fund Manager

— Abhishek Ghosh since 01-Jan-2021

Education: Mr. Ghosh is a MBA Finance, BE (Electronics)

Experience: Prior to joining DSP Mutual Fund, he has worked with Motilal Oswal Securities, IDFC securities Ltd, BNP Paribas, B&K Securities, Edelweiss Securities.

Funds Managed:

— Atul Bhole since 14-Feb-2018

Education: Mr. Bhole is a B.Com (H), Chartered Accountant and MMS.

Experience: Prior to joining DSP Mutual Fund he has worked with Tata Mutual Fund, JP Morgan Services Pvt. Ltd. and SBI Treasury.

Interviews:

Funds Managed:

— 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:

Invest Online
-0.12%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 18.3530

Dividend Monthly: ₹ 11.8180

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
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 364 days

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 06-Feb-2014
Return Since Launch: 9.10%
Benchmark: CRISIL Hybrid 35+65 Aggressive TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,251 Cr (As on 31-Dec-2020)
Expense: 2.01% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 443.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Dec-20200.0500

 27-Nov-20200.0482
 28-Oct-20200.0462
 28-Sep-20200.0451
 28-Aug-20200.0462
 28-Jul-20200.0450
 26-Jun-20200.0443
 28-Feb-20200.0397
 27-Sep-20190.0627
 28-Aug-20190.0609
 26-Jul-20190.0612
 28-Jun-20190.0617
 28-Feb-20190.0490
 28-Dec-20180.0494
 28-Nov-20180.0493
 26-Oct-20180.0485
 30-Sep-20180.0490
 28-Aug-20180.0498
 27-Jul-20180.0498
 28-Jun-20180.0493
 28-May-20180.0501
 27-Apr-20180.0503
 28-Mar-20180.0502
 28-Feb-20180.0508
 25-Jan-20180.0516

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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