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3 star

DSP Low Duration Fund - Regular Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 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 4.43 0.04 0.19 1.09 2.95 4.18 9.69 7.79 7.88 -- --
CCIL T Bill Liquidity Weight 2.04 0.01 0.05 0.23 0.93 1.94 3.95 4.14 4.33 -- --
Debt: Low Duration 3.21 0.04 1.38 2.29 2.80 3.01 6.17 4.99 6.05 -- --
Rank within category 14 21 23 20 13 15 2 5 6 -- --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 17

As on 08-Jul-2020

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 9.69 7.79 7.88 0.58 2,512
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 9.21 8.05 8.26 0.50 18,250
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 8.44 7.74 7.83 1.04 8,727
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 8.93 7.96 7.93 0.58 4,777
IDFC Low Duration Fund - Regular Plan
4 star
Jan-06 8.71 7.78 8.01 0.48 4,144

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 7.51 1.09 2.03 4.08 0.36 2.65
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 4.56 3.72 0.95 1.91 0.20 -0.50
Rank within category 5 9 9 9 9 9
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 63 68 51 47
Modified Duration (yrs) 0.88 0.88 0.70 --
Average Maturity (yrs) 0.96 0.98 0.77 --
Yield to Maturity (%) 4.89 7.58 4.89 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.70% IRFC 24/11/2021 Bonds/NCDs AAA 0.00 - 6.41 6.41
equal Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 6.12 5.86
down Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 5.72 5.72
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 3.96 3.96
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 5.00 3.94
equal Bank of Baroda 25/11/2020 Certificate of Deposit A1+ 0.00 - 3.91 3.91
equal Export-Import Bank 22/04/2021 Certificate of Deposit A1+ 0.00 - 3.84 3.84
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.00 - 3.57 3.57
equal 8.41% Sundaram Home Finance 15/09/2020 Bonds/NCDs AA+ 2.59 - 3.46 3.32
new 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 3.03 3.03
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 2.87 2.87
equal 7.25% Bajaj Finance 2020 Debenture AAA 0.00 - 4.10 2.51
equal 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 2.34 2.34
equal 7.14% REC 2021 Bonds AAA 0.00 - 2.28 2.28
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 2.20 2.20
new 7.55% REC 26/09/2021 Debenture AAA 0.00 - 2.13 2.13
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 2.12 2.12
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 2.11 2.11
equal 6.95% LIC Housing Fin. 2021 Debenture AAA 0.00 - 2.08 2.08
equal ICICI Bank 16/09/2020 Certificate of Deposit A1+ 0.00 - 1.97 1.97
equal Kotak Mahindra Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 1.96 1.96
equal National Bank Agr. Rur. Devp 14/01/2021 Commercial Paper A1+ 0.00 - 1.94 1.94
equal ICICI Bank 25/01/2021 Certificate of Deposit A1+ 0.00 - 1.94 1.94
new Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 1.92 1.92
new HDFC 364-D 25/05/2021 Commercial Paper A1+ 0.00 - 1.89 1.89

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-May-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:


0.04%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 15.0829

Dividend Weekly: ₹ 10.1359

More

Dividend Quarterly: ₹ 10.5113

Dividend Monthly: ₹ 10.4381

Dividend Daily: ₹ 10.1771


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 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 10-Mar-2015
Return Since Launch: 8.01%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,512 Cr (As on 31-May-2020)
Expense: 0.58% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily07-Jul-20200.0033

 06-Jul-20200.0025
 05-Jul-20200.0066
 02-Jul-20200.0046
 01-Jul-20200.0017
 30-Jun-20200.0040
 29-Jun-20200.0016
 28-Jun-20200.0022
 25-Jun-20200.0021
 11-Jun-20200.0071
 10-Jun-20200.0071
 09-Jun-20200.0041
 03-Jun-20200.0010
 26-May-20200.0031
 25-May-20200.0062
 21-May-20200.0012
 20-May-20200.0040
 19-May-20200.0085
 18-May-20200.0062
 17-May-20200.0105
 14-May-20200.0054
 13-May-20200.0059
 12-May-20200.0057
 11-May-20200.0150
 07-May-20200.0085
Dividend Weekly01-Jul-20200.0155

 24-Jun-20200.0157
 17-Jun-20200.0168
 10-Jun-20200.0112
 03-Jun-20200.0025
 27-May-20200.0113
 20-May-20200.0371
 13-May-20200.0296
 07-May-20200.0187
 22-Apr-20200.0546
 15-Apr-20200.0003
 02-Apr-20200.0233
 04-Mar-20200.0120
 26-Feb-20200.0055
 19-Feb-20200.0046
 12-Feb-20200.0129
 05-Feb-20200.0169
 29-Jan-20200.0099
 22-Jan-20200.0110
 15-Jan-20200.0041
 08-Jan-20200.0133
 01-Jan-20200.0108
 25-Dec-20190.0043
 18-Dec-20190.0081
 11-Dec-20190.0039
Dividend Monthly26-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
 28-Nov-20180.0583
 26-Oct-20180.0409
 30-Sep-20180.0257
 28-Aug-20180.0420
 27-Jul-20180.0457
 28-Jun-20180.0563
Dividend Quarterly26-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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