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Unrated

DSP 10Y G-Sec Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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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(₹)
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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 0.31 0.01 -0.04 -1.12 -0.62 1.40 2.11 9.62 7.73 -- --
CCIL All Sovereign Bond - TRI -0.50 0.47 0.31 0.54 -0.26 1.22 1.57 10.45 7.91 -- --
Debt: Gilt with 10 year Constant Duration 0.53 0.01 0.11 0.06 0.60 1.82 2.90 10.79 9.12 -- --
Rank within category 3 4 4 4 4 4 4 4 4 -- --
Number of funds in category 4 4 4 4 4 4 4 4 4 2 0

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 10Y G-Sec Fund - Direct Plan  | Invest Online
Unrated
Sep-14 2.11 9.62 7.73 0.30 45
SBI Magnum Constant Maturity Fund - Direct Plan  | Invest Online
Unrated
Jan-13 3.14 10.20 9.51 0.32 816

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.74 16-Apr-2020 - 23-Apr-2020 -2.93 02-Feb-2017 - 09-Feb-2017
Month 5.08 13-Apr-2020 - 14-May-2020 -2.93 30-Jan-2017 - 01-Mar-2017
Quarter 9.29 30-Apr-2019 - 31-Jul-2019 -3.43 02-Nov-2017 - 01-Feb-2018
Year 18.14 15-May-2019 - 14-May-2020 -3.69 11-Sep-2017 - 11-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.34 4.46 1.17 1.99 0.84 0.20
CCIL All Sovereign Bond - TRI 10.07 4.76 1.25 1.85 -- --
Debt: Gilt with 10 year Constant Duration 10.40 4.35 1.44 2.33 0.86 1.16
Rank within category 4 3 4 4 2 4
Number of funds in category 4 4 4 4 4 4

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

As on 31-Jul-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 1 1 5
Modified Duration (yrs) 6.71 7.12 6.71 6.55
Average Maturity (yrs) 8.89 9.57 8.89 9.11
Yield to Maturity (%) 5.89 6.11 5.77 6.29
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 5.85% GOI 2030 GOI Securities SOV 0.00 - 97.91 94.34

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-2021

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 DSPIM since 1997.


0.01%

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

Growth: ₹ 17.8953

IDCW Quarterly: ₹ 10.6527

More

IDCW Monthly: ₹ 10.3002

IDCW: ₹ 10.5709


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 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 26-Sep-2014
Return Since Launch: 8.86%
Benchmark: CRISIL 10-Year Gilt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 45 Cr (As on 30-Jun-2021)
Expense: 0.30% (As on 30-Jun-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly28-Jun-20210.0149

 28-May-20210.0895
 28-Apr-20210.0280
 28-Jan-20210.0505
 28-Dec-20200.0459
 27-Nov-20200.0205
 28-Oct-20200.1144
 28-Jul-20200.0738
 26-Jun-20200.0438
 28-May-20200.2852
 28-Apr-20200.2474
 27-Mar-20200.0550
 28-Feb-20200.1741
 28-Jan-20200.0489
 27-Dec-20190.0273
 28-Nov-20190.0447
 26-Jul-20190.2422
 28-Jun-20190.1610
 28-May-20190.1733
 28-Mar-20190.0905
 28-Dec-20180.1451
 28-Nov-20180.1115
 28-Jul-20170.0676
 28-Jun-20170.1274
 26-May-20170.0854
IDCW Quarterly28-Jun-20210.1933

 28-Dec-20200.1969
 28-Sep-20200.0289
 26-Jun-20200.5862
 27-Mar-20200.1390
 27-Dec-20190.0125
 27-Sep-20190.2549
 28-Jun-20190.3038
 28-Mar-20190.0478
 28-Dec-20180.3342
 28-Sep-20170.0450
 28-Jun-20170.3376
 28-Dec-20160.3295
 28-Sep-20160.3854
 28-Jun-20160.1483
 28-Mar-20160.1876
 28-Dec-20150.1147
 28-Sep-20150.1749
 27-Mar-20150.1997
IDCW26-Mar-20210.9112

 27-Mar-20200.8523
 28-Mar-20190.5770
 28-Mar-20180.2400
 27-Mar-20170.8654
 28-Mar-20160.5010
 27-Mar-20150.4434

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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