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5 star

DSP Dynamic Asset Allocation Fund - Direct Plan


Hybrid: Dynamic Asset Allocation

1 Lakh

Investment Grown to
₹ 1.23 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.04 Lakh

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 1.99 0.38 1.19 4.20 10.16 1.48 8.51 7.05 8.41 -- --
VR Balanced TRI -8.10 0.88 2.15 6.47 15.84 -8.44 -3.22 5.46 6.83 -- --
Hybrid: Dynamic Asset Allocation -1.27 0.53 1.55 4.48 10.40 -2.11 3.46 4.73 6.63 -- --
Rank within category 6 20 21 16 16 6 5 3 2 -- --
Number of funds in category 23 25 25 25 25 24 22 14 12 6 0

As on 09-Jul-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 - Direct Plan  | Invest Online
5 star
Feb-14 8.51 7.05 8.41 0.56 1,238
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
Jan-13 2.21 6.23 8.32 1.09 24,582
Motilal Oswal Dynamic Fund - Direct Plan  | Invest Online
4 star
Sep-16 8.81 6.40 -- 0.84 1,062
IDFC Dynamic Equity Fund - Direct Plan
4 star
Oct-14 6.95 7.50 7.06 1.00 829
L&T Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.93 6.92 6.07 1.16 645

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.37 (01-Apr-2020 - 09-Apr-2020) -10.30 (16-Mar-2020 - 23-Mar-2020)
Month 10.94 (24-Mar-2020 - 23-Apr-2020) -19.18 (20-Feb-2020 - 23-Mar-2020)
Quarter 20.18 (24-Mar-2020 - 23-Jun-2020) -16.72 (23-Dec-2019 - 23-Mar-2020)
Year 20.17 (11-Feb-2016 - 10-Feb-2017) -9.10 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.07 10.46 0.17 0.19 0.54 1.44
VR Balanced TRI 5.91 17.27 0.04 0.04 -- --
Hybrid: Dynamic Asset Allocation 4.48 11.96 -0.07 -0.06 0.63 -1.21
Rank within category 3 6 2 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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 30
Top 10 Holdings (%) 45.42
Top 5 Holdings (%) 27.17
Top 3 Sectors (%) 42.70
Portfolio P/B Ratio 3.69
Portfolio P/E Ratio 26.48

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
new 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 4.27 4.27
new 9.20% ICICI Bank 31/12/2050 Bonds AA+ 0.00 - 4.14 4.14
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 2.26 2.16
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 2.42 2.14
new REC 13/12/2022 Debenture AAA 0.00 - 2.11 2.11
equal 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 2.19 2.10
new 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.10 2.10
new 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 2.05 2.05
up 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.79 - 1.73 1.73
equal 8.93% Power Grid Corporation 20/10/2024 Bonds AAA 0.86 - 1.34 0.96
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.82 - 1.21 0.82
equal ICICI Bank 22/02/2021 Fixed Deposits Unrated 0.00 - 0.44 0.41
equal ICICI Bank 19/02/2021 Fixed Deposits Unrated 0.00 - 0.44 0.41
equal ICICI Bank 18/02/2021 Fixed Deposits Unrated 0.00 - 0.44 0.41
equal ICICI Bank 15/02/2021 Fixed Deposits Unrated 0.00 - 0.44 0.41
equal ICICI Bank 2021 Fixed Deposits Unrated 0.00 - 0.18 0.17
equal ICICI Bank 27/01/2021 Fixed Deposits Unrated 0.00 - 0.18 0.17
equal ICICI Bank 28/01/2021 Fixed Deposits Unrated 0.00 - 0.18 0.17
equal ICICI Bank 29/01/2021 Fixed Deposits Unrated 0.00 - 0.18 0.17
equal ICICI Bank 2021 Fixed Deposits Unrated 0.00 - 0.18 0.16

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 Bharti Airtel Communication -- 7.12 0.00 7.12
down HDFC Bank Financial 22.68 6.86 0.00 5.50
down ICICI Bank Financial 25.08 6.27 0.00 5.04
equal Bajaj Finance Financial 38.12 6.42 0.00 4.91
equal Bajaj Finserv Financial 31.08 5.25 0.00 4.60
equal Ultratech Cement Construction 19.07 3.90 0.00 3.90
equal Coromandel International Chemicals 20.80 3.13 0.00 3.13
equal Bajaj Auto Automobile 16.00 2.81 0.00 2.81
up Asian Paints Chemicals 60.87 2.71 0.00 2.54
up Indraprastha Gas Energy 23.00 2.27 0.00 2.27
down ICICI Lombard General Insurance Company Financial 48.46 3.33 0.00 1.93
equal Dr. Reddy's Lab Healthcare 31.97 3.76 0.00 1.87
down HDFC Life Insurance Financial -- 2.64 0.00 1.82
equal Shree Cement Construction 53.56 1.68 0.00 1.68
equal ICICI Prudential Life Insurance Co. Ltd. Financial 58.38 1.73 0.00 1.68
equal Divi's Laboratories Healthcare 41.96 1.78 0.00 1.66
down Kotak Mahindra Bank Financial 31.51 3.62 0.00 1.62
down Axis Bank Financial 69.10 2.07 0.00 1.57
up Tata Consultancy Services Technology 25.58 4.57 0.00 1.55
equal Havells India Engineering 50.00 1.72 0.00 1.47
equal Atul Chemicals 20.92 1.31 0.00 1.24
equal Voltas Cons Durable 35.88 1.22 0.00 1.18
equal V-Mart Retail Services 68.90 1.20 0.00 1.13
equal Relaxo Footwears FMCG 70.61 1.12 0.00 1.12
equal Siemens Engineering 39.75 1.88 0.00 1.01

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

— 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:


0.38%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 17.5340

Dividend Monthly: ₹ 11.5810


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: 9.13%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,238 Cr (As on 31-May-2020)
Expense: 0.56% (As on 31-May-2020)
Risk Grade: Low
Return Grade: Above Average
Turnover: 458.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly26-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
 28-Sep-20170.0518
 28-Aug-20170.0526
 28-Jun-20170.0513

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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