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5 star

DSP Dynamic Asset Allocation Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.98 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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(₹)
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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 3.26 0.79 2.83 -0.27 3.61 20.26 5.96 5.80 7.23 -- --
VR Balanced TRI -3.68 1.27 4.65 -0.36 8.13 27.01 2.44 6.57 8.53 -- --
Hybrid: Dynamic Asset Allocation 1.50 0.63 2.78 -0.14 5.66 20.48 5.11 4.09 6.19 -- --
Rank within category 11 9 11 16 20 15 12 5 4 -- --
Number of funds in category 22 24 24 24 24 24 22 14 11 6 5

As on 01-Oct-2020

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
5 star
Feb-14 5.96 5.80 7.23 2.17 1,547
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
Dec-06 5.07 6.06 8.10 1.72 26,638
IDFC Dynamic Equity Fund - Regular Plan
4 star
Oct-14 9.37 6.80 7.12 2.32 966
L&T Balanced Advantage Fund  | Invest Online
5 star
Feb-11 9.88 7.20 6.01 2.42 721
HDFC Balanced Advantage Fund  | Invest Online
Unrated
Feb-94 -7.51 -0.23 5.06 1.61 37,192

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 5.94 10.38 0.08 0.09 0.53 -0.43
VR Balanced TRI 7.52 17.40 0.14 0.16 -- --
Hybrid: Dynamic Asset Allocation 4.39 11.87 -0.06 -0.05 0.62 -2.21
Rank within category 6 6 5 5 8 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-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 65
Top 10 Holdings (%) 35.47
Top 5 Holdings (%) 21.58
Top 3 Sectors (%) 27.62
Portfolio P/B Ratio 2.82
Portfolio P/E Ratio 26.68
Avg Credit Rating AAA

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 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 4.27 3.49
equal 9.20% ICICI Bank 31/12/2050 Bonds AA+ 0.00 - 4.14 3.46
up HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 3.87 3.40
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 2.24 1.77
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 2.42 1.75
new 6.55% National Housing Bank 17/04/2023 Debenture AAA 0.00 - 1.72 1.72
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.10 1.71
equal HDFC Bank 2020 Fixed Deposits Unrated 0.00 - 1.85 1.70
equal HDFC Bank 13/10/2020 Fixed Deposits Unrated 0.00 - 1.85 1.70
equal 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 2.19 1.70
new 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 1.68 1.68
new 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 1.88 1.65
equal Bank of Baroda 26/10/2020 Fixed Deposits Unrated 0.00 - 1.76 1.62
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.79 - 1.73 1.40
equal 8.93% Power Grid Corporation 20/10/2024 Bonds AAA 0.78 - 1.27 0.78
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.69 - 1.14 0.69
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 2.05 0.34
equal ICICI Bank 19/02/2021 Fixed Deposits Unrated 0.00 - 0.44 0.33
equal ICICI Bank 22/02/2021 Fixed Deposits Unrated 0.00 - 0.44 0.33
equal ICICI Bank 18/02/2021 Fixed Deposits Unrated 0.00 - 0.44 0.33
equal ICICI Bank 15/02/2021 Fixed Deposits Unrated 0.00 - 0.44 0.33
equal ICICI Bank 27/01/2021 Fixed Deposits Unrated 0.00 - 0.18 0.13
equal ICICI Bank 2021 Fixed Deposits Unrated 0.00 - 0.18 0.13
equal ICICI Bank 29/01/2021 Fixed Deposits Unrated 0.00 - 0.18 0.13
equal ICICI Bank 2021 Fixed Deposits Unrated 0.00 - 0.18 0.13

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 ICICI Bank Financial 25.03 6.85 0.00 6.85
up HDFC Bank Financial 21.37 6.86 0.00 4.04
down Indusind Bank Financial 12.67 3.74 0.00 3.74
up Infosys Technology 25.45 3.95 0.00 2.90
down Bharti Airtel Communication -- 7.12 0.00 2.65
up Tata Consultancy Services Technology 30.32 4.57 0.00 2.56
equal Bajaj Finance Financial 41.25 6.42 0.00 2.38
up Britannia Inds. FMCG 54.03 2.04 0.00 1.95
up Kotak Mahindra Bank Financial 30.34 3.62 0.00 1.87
up Avenue Supermarts Services 138.93 1.84 0.00 1.84
up Axis Bank Financial 80.22 2.07 0.00 1.84
up Ultratech Cement Construction 22.20 3.90 0.00 1.82
up Asian Paints Chemicals 86.31 2.71 0.00 1.68
down Indraprastha Gas Energy 27.01 2.44 0.00 1.60
down Dr. Reddy's Lab Healthcare 43.73 3.76 0.00 1.57
down Divi's Laboratories Healthcare 50.96 2.98 0.00 1.57
equal Aurobindo Pharma Healthcare 16.12 5.78 0.00 1.41
up Petronet LNG Energy 12.53 1.34 0.00 1.34
up Larsen & Toubro Construction 15.13 1.55 0.00 1.20
equal ICICI Lombard General Insurance Company Financial 46.09 3.33 0.00 1.08
equal Atul Chemicals 28.43 1.31 0.00 1.05
equal Bajaj Finserv Financial 25.76 5.25 0.00 1.04
down L&T Finance Holdings Financial 9.95 1.01 0.00 1.01
up Maruti Suzuki India Automobile 50.89 1.33 0.00 0.99
equal Alkem Laboratories Healthcare 24.05 1.10 0.00 0.93

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

— 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:


0.79%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 16.6700

Dividend Monthly: ₹ 10.8700


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 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: 7.98%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,547 Cr (As on 31-Aug-2020)
Expense: 2.17% (As on 31-Aug-2020)
Risk Grade: Low
Return Grade: Above Average
Turnover: 427.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-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
 28-Dec-20170.0517
 28-Nov-20170.0520
 27-Oct-20170.0524

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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