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3 star

DSP Low Duration Fund - Regular Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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(₹)
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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 3.26 0.01 0.08 0.35 0.64 1.70 3.46 6.38 6.55 -- --
CCIL T Bill Liquidity Weight 1.88 0.01 0.04 0.17 0.44 1.07 2.04 3.20 3.53 -- --
Debt: Low Duration 3.86 0.01 0.06 0.33 1.20 2.26 4.18 4.47 5.34 -- --
Rank within category 14 5 4 6 11 11 13 7 7 -- --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 19

As on 07-Dec-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 3.46 6.38 6.55 0.60% 4,354
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 4.25 7.21 7.14 0.52% 29,810
HDFC Low Duration Fund  | Invest Online
4 star
Nov-99 3.93 6.71 6.54 1.04% 21,653
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 3.54 6.59 6.60 1.23% 17,431
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 3.54 6.68 6.85 1.11% 10,083

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.40 25-Nov-2020 - 25-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.26 1.19 2.09 5.08 1.24 3.23
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Low Duration 4.65 4.37 1.30 2.85 -0.77 0.39
Rank within category 7 10 10 7 16 9
Number of funds in category 24 24 24 24 24 24

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 56 71 56 64
Modified Duration (yrs) 0.62 0.88 0.62 --
Average Maturity (yrs) 0.66 0.94 0.65 --
Yield to Maturity (%) 4.29 4.29 3.67 --
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 5.09% GOI 13/04/2022 GOI Securities SOV 4.53 - 6.86 5.69
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 1.34 - 5.17 4.86
equal 8.30% Reliance Industries 2022 Debenture AAA 1.69 - 4.85 4.56
up 6.90% REC 30/06/2022 Debenture AAA 0.00 - 4.19 4.19
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 15.81 3.90
equal Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 3.60 3.38
down 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 5.56 3.20
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 2.09 - 3.25 3.05
equal 7.39% LIC Housing Fin. 30/08/2022 Debenture AAA 0.00 - 2.98 2.98
equal ICICI Securities 254-D 27/05/2022 Commercial Paper A1+ 0.00 - 2.81 2.81
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 2.70 2.37
equal Tata Capital Housing Finance 347-D 28/06/2022 Commercial Paper A1+ 0.00 - 2.26 2.24
equal Hero FinCorp 365-D 16/06/2022 Commercial Paper A1+ 0.00 - 2.38 2.24
equal Cholamandalam Investment & Finance Company 321-D 16/06/2022 Commercial Paper A1+ 0.00 - 2.26 2.24
new Axis Bank 20/09/2022 Certificate of Deposit A1+ 0.00 - 2.22 2.22
new Axis Bank 16/11/2022 Certificate of Deposit A1+ 0.00 - 2.20 2.20
down 8.54% Bajaj Finance 2022 Debenture AAA 2.04 - 2.69 2.07
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 1.24 - 2.00 2.00
equal REC 13/12/2022 Debenture AAA 0.00 - 1.88 1.88
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 2.03 1.78
equal Export-Import Bank 14/12/2021 Certificate of Deposit A1+ 1.52 - 1.87 1.72
equal ICICI Securities 358-D 15/09/2022 Commercial Paper A1+ 0.00 - 1.66 1.66
equal Infina Finance 365-D 24/08/2022 Commercial Paper A1+ 0.00 - 1.66 1.66
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 1.40 - 1.85 1.58
equal Standard Chartered Invest&Loan 365-D 17/06/2022 Commercial Paper A1+ 0.00 - 1.54 1.45

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-Nov-2021

*As on 31-Oct-2021

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 DSP Mutual Fund he has worked with Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 07-Dec-2021

Growth: ₹ 15.9113

IDCW Weekly: ₹ 10.1314

More

IDCW Quarterly: ₹ 10.5982

IDCW Monthly: ₹ 10.4538

IDCW Daily: ₹ 10.1814


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 10-Mar-2015
Return Since Launch: 7.12%
Benchmark: NIFTY Low Duration Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 4,354 Cr (As on 30-Nov-2021)
Expense: 0.60% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily06-Dec-20210.0012

 05-Dec-20210.0029
 02-Dec-20210.0005
 01-Dec-20210.0018
 30-Nov-20210.0015
 29-Nov-20210.0013
 28-Nov-20210.0023
 25-Nov-20210.0009
 22-Nov-20210.0007
 21-Nov-20210.0031
 17-Nov-20210.0004
 16-Nov-20210.0006
 15-Nov-20210.0014
 14-Nov-20210.0027
 11-Nov-20210.0012
 10-Nov-20210.0009
 09-Nov-20210.0015
 08-Nov-20210.0029
 07-Nov-20210.0079
 02-Nov-20210.0017
 24-Oct-20210.0008
 21-Oct-20210.0002
 20-Oct-20210.0012
 19-Oct-20210.0008
 17-Oct-20210.0030
IDCW Weekly01-Dec-20210.0086

 24-Nov-20210.0028
 17-Nov-20210.0063
 10-Nov-20210.0052
 07-Nov-20210.0106
 20-Oct-20210.0050
 13-Oct-20210.0118
 22-Sep-20210.0037
 15-Sep-20210.0039
 08-Sep-20210.0053
 01-Sep-20210.0108
 25-Aug-20210.0054
 19-Aug-20210.0139
 11-Aug-20210.0078
 04-Aug-20210.0078
 28-Jul-20210.0065
 21-Jul-20210.0091
 14-Jul-20210.0121
 07-Jul-20210.0127
 30-Jun-20210.0058
 23-Jun-20210.0059
 09-Jun-20210.0118
 02-Jun-20210.0052
 26-May-20210.0062
 19-May-20210.0056
IDCW Monthly26-Nov-20210.0287

 28-Oct-20210.0179
 28-Sep-20210.0185
 27-Aug-20210.0370
 28-Jul-20210.0451
 28-Jun-20210.0240
 28-May-20210.0253
 28-Apr-20210.0468
 26-Mar-20210.0370
 26-Feb-20210.0231
 28-Jan-20210.0053
 28-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
IDCW Quarterly28-Sep-20210.1072

 28-Jun-20210.0964
 26-Mar-20210.0423
 28-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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