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4 star

DSP Dynamic Asset Allocation Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.46 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.50 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: 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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(₹)
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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 10.75 0.00 -0.90 -0.09 2.82 8.99 18.97 13.38 9.92 10.21 --
VR Balanced TRI 26.68 0.06 -1.66 1.33 12.82 23.69 44.93 20.38 15.49 12.74 --
Hybrid: Dynamic Asset Allocation 17.26 -0.05 -1.17 0.87 5.83 13.90 27.67 13.94 10.43 10.36 --
Rank within category 22 15 11 23 25 25 21 11 8 6 --
Number of funds in category 25 27 27 27 26 26 25 17 12 10 0

As on 25-Oct-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 - Direct Plan  | Invest Online
4 star
Feb-14 18.97 13.38 9.92 0.60% 4,396
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
Jan-13 27.56 15.54 12.08 1.00% 35,737
Kotak Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Aug-18 23.06 16.19 -- 0.46% 11,286
Edelweiss Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 35.03 20.00 14.93 0.42% 5,845
Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Jan-13 31.08 15.45 11.69 0.61% 5,485

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 40.05 23-Mar-2020 - 23-Mar-2021 -9.10 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 12.90 10.72 0.84 0.88 0.54 1.73
VR Balanced TRI 17.41 18.03 0.75 0.87 -- --
Hybrid: Dynamic Asset Allocation 12.65 12.25 0.71 0.77 0.62 0.41
Rank within category 9 6 4 4 7 3
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-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 135
Top 10 Holdings (%) 30.27
Top 5 Holdings (%) 19.60
Top 3 Sectors (%) 15.60
Portfolio P/B Ratio 3.31
Portfolio P/E Ratio 25.89
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 - 4.81 4.46
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.88 - 3.28 2.33
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 2.94 2.10
equal HDFC 19/05/2022 Non Convertible Debenture AAA 1.78 - 4.12 1.78
new Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 1.45 1.45
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 1.23 - 2.85 1.23
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.63 1.21
equal 9.20% ICICI Bank Additional Tier 1 Bond AA+ 1.21 - 3.11 1.21
equal 7.33% Sundaram Finance 22/04/2022 Debenture AAA 0.00 - 1.45 1.19
equal Bajaj Finance 365-D 16/02/2022 Commercial Paper A1+ 0.00 - 1.60 1.12
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 0.64 - 1.36 1.12
equal Reserve Bank of India 364-D 16/06/2022 Treasury Bills SOV 0.00 - 1.20 1.11
equal 6.39% Indian Oil Corporation 2025 Debenture AAA 0.61 - 1.54 0.61
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 0.65 0.60
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 1.39 0.60
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.60 - 1.54 0.60
equal Hindustan Petroleum Corporation 14/08/2024 Debenture AAA 0.60 - 1.54 0.60
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 1.40 0.60
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.59 - 1.51 0.59
equal 4.50% HDFC 14/12/2022 Debenture AAA 0.00 - 0.79 0.59
equal 5.39% Gujarat State 31/03/2024 State Development Loan SOV 0.00 - 0.78 0.57
equal Reserve Bank of India 364-D 07/04/2022 Treasury Bills SOV 0.00 - 0.72 0.56
equal Reserve Bank of India 364-D 21/04/2022 Treasury Bills SOV 0.00 - 0.68 0.56
equal 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 0.00 - 0.44 0.36
equal 8.93% Power Grid Corporation 20/10/2024 Bonds AAA 0.27 - 0.65 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 27.49 6.85 0.51 4.87
down Reliance Industries Energy 33.67 8.69 0.00 4.77
up Adani Ports and Special Economic Zone Services 27.71 3.04 0.00 2.93
up Bajaj Finance Financial 103.46 6.42 0.78 2.57
down Infosys Technology 34.38 5.21 0.00 2.45
down Tata Steel Metals 7.49 2.57 0.00 1.91
down HDFC Bank Financial 26.81 6.86 0.79 1.88
up Adani Enterprises Services 144.91 2.09 0.00 1.75
up Asian Paints Chemicals 86.02 2.71 0.60 1.73
up Axis Bank Financial 30.66 2.07 0.33 1.66
down Kotak Mahindra Bank Financial 43.02 3.62 0.37 1.52
up Indusind Bank Financial 26.53 3.74 0.00 1.47
up HDFC Financial 25.97 5.15 0.00 1.42
down HCL Technologies Technology 27.43 1.34 0.00 1.28
up Ultratech Cement Construction 32.32 3.90 0.25 1.28
equal Avenue Supermarts Services 207.37 1.84 0.26 1.22
up Bajaj Finserv Financial 70.45 5.25 0.00 1.20
equal Polycab India Engineering 42.80 1.19 0.00 1.19
up Dr. Reddy's Lab Healthcare 44.72 3.76 0.00 1.16
up Indraprastha Gas Energy 23.22 2.44 0.00 1.00
up Gujarat Gas Energy 23.79 1.14 0.00 0.98
up HDFC Asset Management Company Financial 42.00 0.93 0.00 0.93
equal JSW Steel Metals 8.15 1.13 0.00 0.92
equal Jindal Steel & Power Metals 12.41 1.19 0.00 0.92
equal Motherson Sumi Systems Automobile 32.94 1.20 0.00 0.88

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-Sep-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:


0.00%

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

Growth: ₹ 21.8600

IDCW Monthly: ₹ 13.6300


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: 10.66%
Benchmark: CRISIL Hybrid 35+65 Aggressive Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,396 Cr (As on 30-Sep-2021)
Expense: 0.60% (As on 30-Sep-2021)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 524.00%

Most Recent Dividends

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

 27-Aug-20210.0500
 28-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

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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