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DSP Low Duration Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.15 0.00 0.06 0.64 1.54 4.88 8.51 7.55 -- -- --
CCIL T Bill Liquidity Weight 0.53 0.01 0.02 0.29 0.84 1.78 4.06 4.10 -- -- --
Debt: Low Duration 0.89 0.00 0.08 0.61 1.12 2.63 2.08 5.23 -- -- --
Rank within category 14 14 20 19 18 1 4 3 -- -- --
Number of funds in category 26 26 26 26 26 26 26 26 24 23 16

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.31 (06-Sep-2019 - 13-Sep-2019) -1.43 (03-Jun-2019 - 10-Jun-2019)
Month 1.95 (17-Jun-2019 - 17-Jul-2019) -1.08 (10-May-2019 - 10-Jun-2019)
Quarter 4.66 (14-Jun-2019 - 13-Sep-2019) 0.00 (18-Mar-2019 - 17-Jun-2019)
Year 9.51 (01-Nov-2018 - 01-Nov-2019) 5.98 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.25 0.99 1.59 2.88 1.28 3.64
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Low Duration 5.08 3.25 0.69 1.45 1.93 2.52
Rank within category 4 11 9 8 3 15
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 66 66 51 52
Modified Duration (yrs) 0.80 0.84 0.49 0.74
Average Maturity (yrs) 0.89 0.92 0.54 0.92
Yield to Maturity (%) 6.11 7.98 6.03 6.93

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 4.64 4.56
up 7.25% Bajaj Finance 2020 Debenture AAA 0.00 - 3.58 3.58
equal Sundaram Finance 365-D 05/06/2020 Commercial Paper A1+ 0.00 - 4.21 3.13
equal Axis Bank 27/05/2020 Certificate of Deposit A1+ 0.00 - 3.19 3.13
equal Export-Import Bank 24/06/2020 Certificate of Deposit A1+ 0.00 - 4.21 3.12
equal SIDBI 24/06/2020 Certificate of Deposit A1+ 0.00 - 3.89 3.12
new National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 3.10 3.10
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 5.00 3.08
new Bank of Baroda 25/11/2020 Certificate of Deposit A1+ 0.00 - 3.04 3.04
equal 8.41% Sundaram Bnp Paribas Home Finance 15/09/2020 Bonds/NCDs AA+ 0.00 - 3.46 2.59
equal 8.37% National Bank Agr. Rur. Devp 22/06/2020 Debenture AAA 0.00 - 4.18 2.54
up 8.36% Power Finance Corp. 2020 Bonds AAA 0.00 - 2.50 2.50
equal Axis Bank 24/07/2020 Certificate of Deposit A1+ 0.00 - 2.52 2.33
up 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 1.82 1.82
up 7.27% Power Finance Corp. 22/12/2021 Debenture AAA 0.00 - 1.79 1.79
up 7.14% REC 2021 Bonds AAA 0.00 - 1.78 1.78
equal 8.17% Tata Capital Housing Finance 26/06/2020 Bonds/NCDs AAA 0.00 - 2.26 1.68
down 8.53% Power Finance Corp. 24/07/2020 Bonds/Debentures AAA 0.00 - 5.45 1.68
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 1.70 1.65
new 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 1.64 1.64
new 7.20% IRFC 31/05/2020 Bonds AAA 0.00 - 1.64 1.64
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 2.04 1.64
equal 7.50% Sundaram Finance 2022 Non Convertible Debenture AAA 0.00 - 1.68 1.63
equal 6.95% LIC Housing Fin. 2021 Debenture AAA 0.00 - 1.67 1.62
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 1.67 1.62

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-Jan-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:

— Rahul Vekaria since 01-Mar-2018

Education: Mr. Vakaria is CA and pursuing CFA Level II.

Experience: Prior to joining DSP Mutual Fund he has worked with Axis mutual Fund as a Fund Manager.

Funds Managed:


0.00

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 14.6089

Dividend Weekly: ₹ 10.0743

More

Dividend Quarterly: ₹ 10.4281

Dividend Monthly: ₹ 10.4588

Dividend Daily: ₹ 10.0923


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: 7.93%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 3,135 Cr (As on 31-Jan-2020)
Expense: 0.53% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Feb-20200.0041

 16-Feb-20200.0032
 13-Feb-20200.0014
 12-Feb-20200.0017
 11-Feb-20200.0001
 10-Feb-20200.0018
 09-Feb-20200.0049
 06-Feb-20200.0046
 05-Feb-20200.0084
 04-Feb-20200.0009
 03-Feb-20200.0014
 02-Feb-20200.0052
 30-Jan-20200.0010
 29-Jan-20200.0012
 28-Jan-20200.0009
 27-Jan-20200.0016
 26-Jan-20200.0044
 23-Jan-20200.0019
 22-Jan-20200.0022
 21-Jan-20200.0023
 20-Jan-20200.0017
 19-Jan-20200.0031
 16-Jan-20200.0016
 15-Jan-20200.0003
 12-Jan-20200.0029
Dividend Weekly19-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
 04-Dec-20190.0023
 27-Nov-20190.0105
 20-Nov-20190.0134
 13-Nov-20190.0084
 06-Nov-20190.0063
 30-Oct-20190.0163
 23-Oct-20190.0099
 16-Oct-20190.0170
 09-Oct-20190.0122
 02-Oct-20190.0186
 18-Sep-20190.0071
 11-Sep-20190.0937
 04-Sep-20190.0133
 28-Aug-20190.0162
Dividend Monthly28-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
 28-May-20180.0136
 27-Apr-20180.0027
 28-Mar-20180.0637
 28-Feb-20180.0368
 25-Jan-20180.0269
Dividend Quarterly27-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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