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DSP 10Y G-Sec Fund - Regular Plan

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Debt: Gilt with 10 year Constant Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India which will mature in 10 years or more. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

Taxability of earnings:

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 10.04 0.10 0.23 0.63 3.69 8.55 10.18 7.92 9.61 -- --
CCIL All Sovereign Bond - TRI 10.81 -0.03 0.21 1.37 4.40 9.11 11.46 9.51 10.35 -- --
Debt: Gilt with 10 year Constant Duration 9.30 0.10 0.19 0.86 3.14 7.88 10.22 9.41 10.61 -- --
Rank within category 2 2 2 4 2 2 3 3 3 -- --
Number of funds in category 4 4 4 4 4 4 4 4 3 2 2

As on 04-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP 10Y G-Sec Fund - Regular Plan  | Invest Online
Unrated
 Sep-14 10.18 7.92 9.61 0.50 45
SBI Magnum Constant Maturity Fund  | Invest Online
Unrated
 Dec-00 10.60 10.77 10.75 0.64 735

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.73 (16-Apr-2020 - 23-Apr-2020) -2.93 (02-Feb-2017 - 09-Feb-2017)
Month 5.06 (13-Apr-2020 - 14-May-2020) -2.95 (30-Jan-2017 - 01-Mar-2017)
Quarter 9.22 (30-Apr-2019 - 31-Jul-2019) -3.49 (02-Nov-2017 - 01-Feb-2018)
Year 17.87 (15-May-2019 - 14-May-2020) -3.92 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.86 4.76 0.56 1.18 0.93 -1.22
CCIL All Sovereign Bond - TRI 9.37 4.78 0.87 2.01 -- --
Debt: Gilt with 10 year Constant Duration 9.39 4.24 1.05 2.78 0.81 0.80
Rank within category 4 4 4 4 5 4
Number of funds in category 5 5 5 5 5 5

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

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 2 1 3
Modified Duration (yrs) 6.79 6.91 6.40 6.91
Average Maturity (yrs) 9.60 9.99 8.96 9.79
Yield to Maturity (%) 6.09 6.87 6.02 6.16

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.61% GOI 2030 GOI Securities SOV 0.00 - 97.34 97.34

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-2020

Fund Manager

— Vikram Chopra since 18-Jul-2016

Education: Mr. Chopra is B.Com (H) and MBA from Institute of Management.

Experience: Prior to joining DSP Mutual Fund he has worked with L&T Mutual Fund, IDBI Bank Ltd. and Axis Bank Ltd.

Funds Managed:

— Vivek Ved since 18-Jul-2016

Education: Mr. Ved is a B.Com (H) from Mumbai University.

Experience: He has been associated with DSPBR since 1997.

Invest Online
0.10%

Change from previous, NAV as on 04-Aug-2020

Growth: ₹ 17.2996

Dividend Quarterly: ₹ 10.9112

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Dividend Monthly: ₹ 10.6200

Dividend: ₹ 11.1506

Investment Strategy

The scheme seeks to generate returns commensurate with risk from a portfolio of Government Securities with weighted average maturity of around 10 years.

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 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 26-Sep-2014
Return Since Launch: 9.80%
Benchmark: CRISIL 10-Year Gilt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 45 Cr (As on 30-Jun-2020)
Expense: 0.50% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Jul-20200.0732

 26-Jun-20200.0429
 28-May-20200.2879
 28-Apr-20200.1730
 27-Mar-20200.0551
 28-Feb-20200.1744
 28-Jan-20200.0478
 27-Dec-20190.0261
 28-Nov-20190.0387
 26-Jul-20190.2004
 28-Jun-20190.1319
 28-May-20190.1707
 28-Mar-20190.0858
 28-Dec-20180.1436
 28-Nov-20180.0877
 28-Jul-20170.0662
 28-Jun-20170.1258
 26-May-20170.0792
 27-Jan-20170.0440
 28-Nov-20160.2791
 28-Oct-20160.0723
 28-Sep-20160.1283
 26-Aug-20160.0636
 28-Jul-20160.1944
 28-Jun-20160.0592
Dividend Quarterly26-Jun-20200.5851

 27-Mar-20200.1365
 27-Dec-20190.0085
 27-Sep-20190.2521
 28-Jun-20190.3051
 28-Mar-20190.0439
 28-Dec-20180.3135
 28-Sep-20170.0409
 28-Jun-20170.3304
 28-Dec-20160.3274
 28-Sep-20160.3312
 28-Jun-20160.1464
 28-Mar-20160.1845
 28-Dec-20150.1110
 28-Sep-20150.1680
 27-Mar-20150.2487
 26-Dec-20140.1799
Dividend27-Mar-20200.9048

 28-Mar-20190.5566
 28-Mar-20180.2218
 27-Mar-20170.8446
 28-Mar-20160.4810
 27-Mar-20150.4341

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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