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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
₹ 1.35 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.37 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 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • 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 7.56 0.31 0.76 1.70 5.24 6.10 20.17 10.59 8.99 9.02 --
VR Balanced TRI 12.57 0.71 0.42 1.11 7.97 8.24 37.47 12.55 13.08 11.61 --
Hybrid: Dynamic Asset Allocation 10.89 0.53 1.21 2.17 7.24 8.08 25.78 9.21 8.95 9.11 --
Rank within category 18 24 22 17 20 18 17 7 6 5 --
Number of funds in category 24 25 25 25 25 24 24 16 11 8 6

As on 03-Aug-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 20.17 10.59 8.99 1.99 3,779
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
 Dec-06 28.37 11.44 10.72 1.71 32,942
Edelweiss Balanced Advantage Fund - Regular Plan  | Invest Online
5 star
 Aug-09 33.50 13.23 12.62 1.90 4,309
Aditya Birla Sun Life Balanced Advantage Fund  | Invest Online
4 star
 Apr-00 31.59 11.76 10.87 1.96 3,969
Union Balanced Advantage Fund - Regular Plan
5 star
 Dec-17 24.17 12.53 -- 2.29 1,039

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 37.86 23-Mar-2020 - 23-Mar-2021 -10.61 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.55 10.73 0.60 0.64 0.54 1.60
VR Balanced TRI 13.04 18.05 0.49 0.57 -- --
Hybrid: Dynamic Asset Allocation 9.36 12.43 0.41 0.46 0.63 -0.37
Rank within category 7 5 3 3 7 3
Number of funds in category 16 16 16 16 16 16

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

As on 31-Jul-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 109
Top 10 Holdings (%) 33.57
Top 5 Holdings (%) 21.67
Top 3 Sectors (%) 15.64
Portfolio P/B Ratio 3.19
Portfolio P/E Ratio 27.05
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 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 4.72 4.45
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 3.28 2.68
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 2.94 2.52
equal HDFC 19/05/2022 Non Convertible Debenture AAA 1.85 - 4.12 2.04
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 0.00 - 2.85 1.41
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.92 1.39
equal 9.20% ICICI Bank Additional Tier 1 Bond AA+ 1.39 - 3.75 1.39
equal 7.33% Sundaram Finance 22/04/2022 Debenture AAA 0.00 - 1.45 1.37
equal Reserve Bank of India 15/07/2021 Treasury Bills SOV 0.00 - 1.85 1.32
equal Bajaj Finance 365-D 16/02/2022 Commercial Paper A1+ 0.00 - 1.60 1.29
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 0.64 - 3.80 1.28
equal Hindustan Petroleum Corporation 14/08/2024 Debenture AAA 0.00 - 1.62 0.73
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 1.68 0.72
equal 6.39% Indian Oil Corporation 2025 Debenture AAA 0.69 - 1.88 0.69
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 1.39 0.69
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.69 - 1.86 0.69
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 1.40 0.69
equal 4.50% HDFC 14/12/2022 Debenture AAA 0.00 - 0.79 0.68
equal 5.39% Gujarat State 31/03/2024 State Development Loan SOV 0.00 - 0.78 0.67
equal Reserve Bank of India 364-D 22/07/2021 Treasury Bills SOV 0.00 - 0.92 0.66
equal Reserve Bank of India 364-D 07/04/2022 Treasury Bills SOV 0.00 - 0.72 0.64
equal Reserve Bank of India 364-D 21/04/2022 Treasury Bills SOV 0.00 - 0.68 0.64
equal 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 0.00 - 0.44 0.41
equal 8.93% Power Grid Corporation 20/10/2024 Bonds AAA 0.31 - 0.85 0.31
equal 8.85% HDFC Bank Additional Tier 1 Bond AA+ 0.27 - 0.74 0.27

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 ICICI Bank Financial 24.40 6.85 0.51 4.90
up Reliance Industries Energy 29.60 8.69 0.00 4.81
equal Infosys Technology 34.70 5.21 0.00 4.65
up Bharti Airtel Communication 277.70 7.12 0.00 2.85
up Adani Ports and Special Economic Zone Services 26.09 2.93 0.00 2.64
up Tata Steel Metals 23.08 2.30 0.00 2.02
up Kotak Mahindra Bank Financial 34.17 3.62 0.31 1.94
equal HDFC Bank Financial 24.46 6.86 0.67 1.78
up Axis Bank Financial 26.98 2.07 0.00 1.77
equal Asian Paints Chemicals 83.53 2.71 0.60 1.73
equal Indusind Bank Financial 23.22 3.74 0.00 1.60
equal HDFC Financial 23.58 5.15 0.00 1.58
up Bajaj Finance Financial 85.94 6.42 0.60 1.50
down Dr. Reddy's Lab Healthcare 45.91 3.76 0.00 1.23
equal Gujarat Gas Energy 41.70 1.13 0.00 1.13
up Motherson Sumi Systems Automobile 72.94 1.20 0.00 1.11
equal Avenue Supermarts Services 198.79 1.84 0.26 1.11
down Ultratech Cement Construction 35.79 3.90 0.25 1.08
equal Polycab India Engineering 33.21 1.04 0.00 1.04
up Bharat Petroleum Corporation Energy 6.21 1.48 0.00 0.96
down Max Financial Services Financial 91.40 1.06 0.00 0.93
equal Aurobindo Pharma Healthcare 10.08 5.78 0.00 0.90
equal HCL Technologies Technology 24.75 1.31 0.00 0.90
up Bajaj Finserv Financial 55.63 5.25 0.00 0.85
down Jindal Steel & Power Metals 8.26 1.75 0.00 0.85

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 30-Jun-2021

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:

— Laukik Bagwe since 17-Jul-2021

Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)

Experience: Prior to joining DSP Mutual Fund he has worked with Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.

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:

Invest Online
0.31%

Change from previous, NAV as on 03-Aug-2021

Growth: ₹ 19.6090

IDCW Monthly: ₹ 12.2610

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
Lock-in Period Not Applicable
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: 9.40%
Benchmark: CRISIL Hybrid 35+65 Aggressive TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,779 Cr (As on 30-Jun-2021)
Expense: 1.99% (As on 30-Jun-2021)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 521.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly28-Jul-20210.0500

 28-Jun-20210.0500
 28-May-20210.0500
 28-Apr-20210.0500
 26-Mar-20210.0500
 26-Feb-20210.0500
 28-Jan-20210.0500
 28-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

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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