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Unrated

DSP 10Y G-Sec Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

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 sharper ups and downs because of changes in interest rates.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 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 0.69 0.11 0.36 0.88 1.95 1.73 12.59 6.48 8.17 -- --
CCIL All Sovereign Bond - TRI 0.53 0.12 0.40 0.76 1.91 1.50 12.77 7.29 8.63 -- --
Debt: Gilt with 10 year Constant Duration 0.60 0.14 0.45 0.84 1.89 2.65 14.11 8.84 9.48 -- --
Rank within category 1 3 3 2 2 4 4 4 4 -- --
Number of funds in category 4 4 4 4 4 4 4 4 4 2 0

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.23 (01-Jul-2019 - 08-Jul-2019) -2.93 (02-Feb-2017 - 09-Feb-2017)
Month 4.90 (04-Nov-2016 - 06-Dec-2016) -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 18.02 (07-Dec-2015 - 06-Dec-2016) -3.69 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.48 4.92 0.16 0.29 0.90 -0.67
CCIL All Sovereign Bond - TRI 7.31 5.14 0.31 0.57 -- --
Debt: Gilt with 10 year Constant Duration 8.59 4.08 0.78 2.13 0.71 1.74
Rank within category 4 4 4 4 4 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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 2 2 1 2
Modified Duration (yrs) 6.85 7.02 6.20 6.91
Average Maturity (yrs) 9.82 10.36 8.63 10.28
Yield to Maturity (%) 6.87 7.56 6.37 6.90

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 93.31 52.86
up 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 53.24 44.36

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-Dec-2019

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.


0.11%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 16.0367

Dividend Quarterly: ₹ 10.6503

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Dividend Monthly: ₹ 10.5423

Dividend: ₹ 11.4493


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: 9.26%
Benchmark: CRISIL 10-Year Gilt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 44 Cr (As on 31-Dec-2019)
Expense: 0.25% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly27-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
 27-Jan-20170.0470
 28-Nov-20160.2805
 28-Oct-20160.0739
 28-Sep-20160.1289
 26-Aug-20160.0650
 28-Jul-20160.1959
 28-Jun-20160.0606
 27-May-20160.0299
 28-Apr-20160.0942
 28-Mar-20160.1571
 28-Jan-20160.0653
 28-Dec-20150.0248
 28-Oct-20150.0594
 28-Sep-20150.0685
Dividend Quarterly27-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
Dividend28-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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dateFriday, 31-Jan-2020
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