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DSP Low Duration Fund - Regular Plan

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Debt: Low Duration

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

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 -0.03 0.01 -0.01 0.10 0.76 1.93 6.22 7.43 7.45 -- --
CCIL T Bill Liquidity Weight 0.06 0.01 0.04 0.13 0.48 1.09 3.02 3.79 4.01 -- --
Debt: Low Duration 0.06 0.00 0.01 0.18 1.00 2.31 5.99 5.01 5.97 -- --
Rank within category 22 4 22 22 19 19 17 7 8 -- --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 21-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Low Duration Fund - Regular Plan  | Invest Online
3 star
 Mar-15 6.22 7.43 7.45 0.58 3,966
ICICI Prudential Savings Fund  | Invest Now
5 star
 Sep-02 8.24 8.12 8.09 0.55 29,895
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
 May-98 7.25 7.57 7.50 1.22 19,972
SBI Magnum Low Duration Fund  | Invest Online
4 star
 Jul-07 6.38 7.39 7.41 1.01 16,320
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
 Mar-08 7.46 7.73 7.85 1.15 11,678

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.65 (24-Mar-2020 - 31-Mar-2020) -1.43 (03-Jun-2019 - 10-Jun-2019)
Month 2.26 (24-Mar-2020 - 23-Apr-2020) -1.10 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.66 (14-Jun-2019 - 13-Sep-2019) -0.06 (24-Dec-2019 - 24-Mar-2020)
Year 10.78 (24-Jun-2019 - 23-Jun-2020) 5.98 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.31 1.11 2.29 4.79 0.84 3.37
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Low Duration 5.18 4.37 1.30 2.57 -0.67 -0.25
Rank within category 6 10 10 9 16 7
Number of funds in category 25 25 25 25 25 25

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

As on 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 71 71 60 60
Modified Duration (yrs) 0.88 0.88 0.76 0.76
Average Maturity (yrs) 0.94 0.98 0.82 0.89
Yield to Maturity (%) 3.79 6.12 3.67 4.11
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 6.17 5.01
new Axis Bank 17/12/2021 Certificate of Deposit A1+ 0.00 - 4.87 4.87
equal 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 4.61 4.53
up 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 4.31 4.31
equal 4.95% HDFC 2022 Non Convertible Debenture AAA 0.00 - 3.28 3.23
down 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 4.38 2.71
equal 8.54% Bajaj Finance 2022 Debenture AAA 0.00 - 2.69 2.63
equal Export-Import Bank 22/04/2021 Certificate of Deposit A1+ 0.00 - 3.84 2.50
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 3.55 2.49
equal 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 0.00 - 2.97 2.44
new ICICI Securities 360-D 10/12/2021 Commercial Paper A1+ 0.00 - 2.42 2.42
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 2.55 2.09
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.82 - 2.26 1.96
new 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 1.89 1.89
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 5.72 1.85
new Export-Import Bank 14/12/2021 Certificate of Deposit A1+ 0.00 - 1.83 1.83
up 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 1.81 1.81
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.11 - 1.81 1.78
equal SIDBI 13/01/2021 Commercial Paper A1+ 0.00 - 1.91 1.76
equal Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 2.16 1.75
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.86 1.69
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 1.72 1.59
up 7.27% Power Finance Corp. 22/12/2021 Debenture AAA 0.28 - 2.18 1.56
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 1.82 1.42
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 1.79 1.40

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-2020

Fund Manager

— Kedar Karnik since 18-Jul-2016

Education: Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.

Experience: Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..

Funds Managed:

— Laukik Bagwe since 16-Jun-2020

Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)

Experience: Prior to joining DSPBR he has worked with Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.

Funds Managed:

Invest Online
0.01%

Change from previous, NAV as on 21-Jan-2021

Growth: ₹ 15.4049

Dividend Weekly: ₹ 10.1120

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Dividend Quarterly: ₹ 10.5022

Dividend Monthly: ₹ 10.4244

Dividend Daily: ₹ 10.1646

Investment Strategy

The scheme seeks to generate returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 10-Mar-2015
Return Since Launch: 7.63%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,966 Cr (As on 31-Dec-2020)
Expense: 0.58% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily07-Jan-20210.0017

 06-Jan-20210.0009
 05-Jan-20210.0014
 04-Jan-20210.0025
 03-Jan-20210.0035
 31-Dec-20200.0040
 30-Dec-20200.0007
 29-Dec-20200.0022
 28-Dec-20200.0023
 27-Dec-20200.0050
 23-Dec-20200.0011
 22-Dec-20200.0004
 21-Dec-20200.0007
 20-Dec-20200.0027
 17-Dec-20200.0013
 16-Dec-20200.0004
 15-Dec-20200.0000
 13-Dec-20200.0014
 08-Dec-20200.0014
 07-Dec-20200.0003
 06-Dec-20200.0029
 03-Dec-20200.0015
 30-Nov-20200.0004
 26-Nov-20200.0008
 25-Nov-20200.0018
Dividend Weekly06-Jan-20210.0122

 30-Dec-20200.0101
 23-Dec-20200.0063
 16-Dec-20200.0027
 09-Dec-20200.0065
 25-Nov-20200.0100
 18-Nov-20200.0164
 11-Nov-20200.0078
 04-Nov-20200.0107
 28-Oct-20200.0080
 21-Oct-20200.0084
 14-Oct-20200.0213
 07-Oct-20200.0192
 30-Sep-20200.0112
 23-Sep-20200.0103
 16-Sep-20200.0037
 02-Sep-20200.0124
 19-Aug-20200.0098
 12-Aug-20200.0096
 05-Aug-20200.0098
 29-Jul-20200.0005
 22-Jul-20200.0074
 15-Jul-20200.0100
 08-Jul-20200.0137
 01-Jul-20200.0155
Dividend Monthly28-Dec-20200.0198

 27-Nov-20200.0470
 28-Oct-20200.0645
 28-Sep-20200.0275
 28-Aug-20200.0279
 28-Jul-20200.0477
 26-Jun-20200.0865
 28-May-20200.1440
 28-Apr-20200.0478
 27-Mar-20200.0158
 28-Feb-20200.0392
 28-Jan-20200.0443
 27-Dec-20190.0193
 28-Nov-20190.0493
 25-Oct-20190.0550
 27-Sep-20190.1168
 28-Aug-20190.0692
 26-Jul-20190.0555
 28-Jun-20190.0048
 28-May-20190.0268
 26-Apr-20190.0259
 28-Mar-20190.0503
 28-Feb-20190.0465
 28-Jan-20190.0520
 28-Dec-20180.0562
Dividend Quarterly28-Dec-20200.1278

 28-Sep-20200.1044
 26-Jun-20200.2456
 27-Mar-20200.0063
 27-Dec-20190.1240
 27-Sep-20190.3198
 28-Mar-20190.1408
 28-Dec-20180.1461
 30-Sep-20180.1104
 28-Jun-20180.0775
 28-Mar-20180.1100
 28-Dec-20170.0844
 28-Sep-20170.1176
 28-Jun-20170.1221
 27-Mar-20170.1041
 28-Dec-20160.1289
 28-Sep-20160.1491
 28-Jun-20160.1579
 28-Mar-20160.2599
 28-Sep-20150.3494

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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