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DSP Low Duration Fund - Direct Plan download report


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
DSP Low Duration Direct-G 1.06 0.01 0.05 -0.11 0.50 1.46 3.38 5.95 6.50 7.09 --
CCIL T Bill Liquidity Weight 0.55 0.02 0.03 -0.02 0.25 0.81 1.89 2.76 3.34 3.74 --
Debt: Low Duration 1.05 0.02 0.06 -0.10 0.48 1.43 4.08 4.98 5.97 6.71 --
Rank within category 11 16 17 12 9 10 16 6 10 10 --
Number of funds in category 22 22 22 22 22 22 22 22 22 21 0

As on 19-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Low Duration Fund - Direct Plan  | Invest Online
3 star
Mar-15 3.38 5.95 6.50 0.32% 3,717
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.86 6.47 6.83 0.39% 17,920
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.06 6.62 7.15 0.38% 14,540
Nippon India Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.04 5.94 6.64 0.36% 9,632
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 3.65 6.47 7.14 0.42% 8,177

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.66 24-Mar-2020 - 31-Mar-2020 -1.42 03-Jun-2019 - 10-Jun-2019
Month 2.28 24-Mar-2020 - 23-Apr-2020 -1.08 25-Feb-2020 - 26-Mar-2020
Quarter 4.74 14-Jun-2019 - 13-Sep-2019 0.01 24-Dec-2019 - 24-Mar-2020
Year 11.11 24-Jun-2019 - 23-Jun-2020 3.37 12-May-2021 - 13-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
DSP Low Duration Direct-G 5.89 1.17 2.03 5.74 1.22 3.18
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Low Duration 5.15 3.14 1.51 3.51 -0.10 1.55
Rank within category 11 9 12 8 14 11
Number of funds in category 22 22 22 22 22 22

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

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 53 63 44 56
Modified Duration (yrs) 0.50 0.77 0.50 0.60
Average Maturity (yrs) 0.53 0.81 0.53 0.86
Yield to Maturity (%) 4.68 4.68 3.81 4.89
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 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 6.29 5.59
equal 8.15% GOI 2022 Central Government Loan SOV 3.89 - 14.37 4.46
equal 7.20% HDFC 13/04/2023 Non Convertible Debenture AAA 0.00 - 4.30 3.57
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 2.10 - 3.18 2.83
up 7.21% HDFC 30/12/2022 Debenture AAA 1.11 - 2.79 2.79
equal Hero FinCorp 365-D 16/06/2022 Commercial Paper A1+ 0.00 - 3.01 2.68
equal Cholamandalam Investment & Finance Company 321-D 16/06/2022 Commercial Paper A1+ 0.00 - 3.01 2.68
new HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 2.66 2.66
equal Axis Bank 20/09/2022 Certificate of Deposit A1+ 0.00 - 2.97 2.64
equal SIDBI 333-D 16/12/2022 Commercial Paper A1+ 0.00 - 2.94 2.61
equal HDFC Bank 13/12/2022 Certificate of Deposit A1+ 0.00 - 5.45 2.61
equal Kotak Mahindra Bank 18/01/2023 Certificate of Deposit A1+ 0.00 - 2.93 2.60
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 2.92 2.59
equal 8.90% Maharashtra State 19/12/2022 State Development Loan SOV 0.00 - 2.40 2.14
equal Infina Finance 365-D 24/08/2022 Commercial Paper A1+ 0.00 - 2.23 1.99
equal ICICI Securities 358-D 15/09/2022 Commercial Paper A1+ 0.00 - 2.23 1.98
equal Network 18 Media & Inv 328-D 15/12/2022 Commercial Paper A1+ 0.00 - 2.20 1.96
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 2.20 1.95
new Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 1.94 1.94
down National Bank Agr. Rur. Devp 14/02/2023 Commercial Paper A1+ 0.00 - 2.92 1.94
equal Standard Chartered Invest&Loan 365-D 17/06/2022 Commercial Paper A1+ 0.00 - 1.95 1.74
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 1.59 1.41
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 0.00 - 1.57 1.40
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 0.00 - 1.56 1.39
down 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 2.33 1.38

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-Apr-2022

Fund Manager

— Karan Mundra since 01-Mar-2022

Education: Mr. Mundra is a B. COM. and Charted Accountant (CA)

Experience: He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.

Funds Managed:

— Sandeep Yadav since 01-Mar-2022

Education: Mr. Yadav is a Computer Engineer (Pune University), PGDBM (IIM Bangalore) and a CFA chartered holder.

Experience: Prior to joining DSP, he has worked with Cognizant Technologies, Hughes Services and Mahindra British Telecom.

Funds Managed:


0.01%

Change from previous, NAV as on 19-May-2022

Growth: ₹ 16.4595

IDCW Weekly: ₹ 10.1050

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IDCW Quarterly: ₹ 10.5850

IDCW Monthly: ₹ 11.5440

IDCW Daily: ₹ 10.1003


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

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. 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: 7.17%
Benchmark: NIFTY Low Duration Debt Index B-I
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,717 Cr (As on 30-Apr-2022)
Expense: 0.32% (As on 30-Apr-2022)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-May-20220.0038

 28-Apr-20220.0008
 27-Apr-20220.0004
 26-Apr-20220.0011
 25-Apr-20220.0010
 24-Apr-20220.0038
 21-Apr-20220.0004
 20-Apr-20220.0014
 19-Apr-20220.0031
 18-Apr-20220.0015
 06-Apr-20220.0023
 05-Apr-20220.0007
 04-Apr-20220.0012
 03-Apr-20220.0050
 30-Mar-20220.0038
 29-Mar-20220.0023
 28-Mar-20220.0017
 27-Mar-20220.0037
 24-Mar-20220.0017
 23-Mar-20220.0027
 22-Mar-20220.0009
 20-Mar-20220.0061
 16-Mar-20220.0018
 15-Mar-20220.0035
 14-Mar-20220.0043
IDCW Monthly28-Apr-20220.0318

 28-Mar-20220.0339
 28-Feb-20220.0338
 28-Jan-20220.0395
 28-Dec-20210.0304
 26-Nov-20210.0346
 28-Oct-20210.0269
 28-Sep-20210.0232
 27-Aug-20210.0435
 28-Jul-20210.0526
 28-Jun-20210.0292
 28-May-20210.0306
 28-Apr-20210.0543
 26-Mar-20210.0429
 26-Feb-20210.0280
 28-Jan-20210.0084
 28-Dec-20200.0241
 27-Nov-20200.0546
 28-Oct-20200.0737
 28-Sep-20200.0327
 28-Aug-20200.0334
 28-Jul-20200.0554
 26-Jun-20200.0981
 28-May-20200.1619
 28-Apr-20200.0554
IDCW Weekly27-Apr-20220.0067

 20-Apr-20220.0059
 06-Apr-20220.0091
 30-Mar-20220.0131
 23-Mar-20220.0098
 16-Mar-20220.0164
 09-Mar-20220.0053
 02-Mar-20220.0013
 23-Feb-20220.0059
 16-Feb-20220.0124
 09-Feb-20220.0128
 26-Jan-20220.0053
 19-Jan-20220.0065
 12-Jan-20220.0102
 05-Jan-20220.0103
 29-Dec-20210.0096
 22-Dec-20210.0037
 15-Dec-20210.0035
 08-Dec-20210.0084
 01-Dec-20210.0092
 24-Nov-20210.0034
 17-Nov-20210.0068
 10-Nov-20210.0055
 07-Nov-20210.0121
 20-Oct-20210.0056
IDCW Quarterly28-Mar-20220.0987

 28-Dec-20210.0762
 28-Sep-20210.1145
 28-Jun-20210.1035
 26-Mar-20210.0484
 28-Dec-20200.1344
 28-Sep-20200.1110
 26-Jun-20200.2524
 27-Mar-20200.0107
 27-Dec-20190.1294
 27-Sep-20190.3318
 28-Mar-20190.1461
 28-Dec-20180.1509
 30-Sep-20180.1147
 28-Jun-20180.0816
 28-Mar-20180.1155
 28-Dec-20170.0904
 28-Sep-20170.1235
 28-Jun-20170.1281
 27-Mar-20170.1096
 28-Dec-20160.1348
 28-Sep-20160.1552
 28-Jun-20160.1640
 28-Mar-20160.2724
 28-Sep-20150.3637

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: 1800-208-4499 / 1800-200-4499

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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