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3 star

DSP Low Duration Fund - Direct 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 4.53 0.03 0.20 1.06 2.88 4.31 9.98 8.10 8.22 -- --
CCIL T Bill Liquidity Weight 2.02 0.01 0.06 0.22 0.87 1.93 3.90 4.14 4.33 -- --
Debt: Low Duration 3.41 0.05 1.39 2.30 2.76 3.24 6.65 5.47 6.51 -- --
Rank within category 14 21 21 21 13 15 3 6 7 -- --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 07-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 - Direct Plan  | Invest Online
3 star
Mar-15 9.98 8.10 8.22 0.30 2,512
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 9.32 8.18 8.39 0.41 18,250
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 9.03 8.03 8.04 0.39 8,727
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.76 8.57 8.66 0.41 8,048
Axis Treasury Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.20 8.39 8.37 0.28 4,777

Best & Worst Performance

Best (Period) Worst (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) 6.29 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.81 1.09 2.31 4.62 0.36 2.95
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 5.03 3.72 1.27 2.47 0.20 -0.03
Rank within category 5 9 10 9 10 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 44
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:


0.03%

Change from previous, NAV as on 07-Jul-2020

Growth: ₹ 15.3375

Dividend Weekly: ₹ 10.1321

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Dividend Quarterly: ₹ 10.5236

Dividend Monthly: ₹ 11.5463

Dividend Daily: ₹ 10.1216


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: 8.35%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,512 Cr (As on 31-May-2020)
Expense: 0.30% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily06-Jul-20200.0026

 05-Jul-20200.0068
 02-Jul-20200.0047
 01-Jul-20200.0018
 30-Jun-20200.0040
 29-Jun-20200.0016
 28-Jun-20200.0024
 25-Jun-20200.0024
 24-Jun-20200.0024
 23-Jun-20200.0019
 22-Jun-20200.0035
 21-Jun-20200.0040
 18-Jun-20200.0044
 17-Jun-20200.0020
 16-Jun-20200.0023
 15-Jun-20200.0033
 14-Jun-20200.0066
 11-Jun-20200.0072
 10-Jun-20200.0072
 09-Jun-20200.0046
 03-Jun-20200.0016
 26-May-20200.0015
 25-May-20200.0066
 21-May-20200.0029
 20-May-20200.0074
Dividend Weekly01-Jul-20200.0161

 24-Jun-20200.0162
 17-Jun-20200.0173
 10-Jun-20200.0118
 03-Jun-20200.0031
 27-May-20200.0117
 20-May-20200.0281
 13-May-20200.0300
 07-May-20200.0198
 22-Apr-20200.0551
 15-Apr-20200.0012
 02-Apr-20200.0252
 04-Mar-20200.0123
 26-Feb-20200.0059
 19-Feb-20200.0049
 12-Feb-20200.0133
 05-Feb-20200.0173
 29-Jan-20200.0104
 22-Jan-20200.0114
 15-Jan-20200.0046
 08-Jan-20200.0137
 01-Jan-20200.0112
 25-Dec-20190.0048
 18-Dec-20190.0085
 11-Dec-20190.0043
Dividend Monthly26-Jun-20200.0981

 28-May-20200.1619
 28-Apr-20200.0554
 27-Mar-20200.0200
 28-Feb-20200.0451
 28-Jan-20200.0512
 27-Dec-20190.0234
 28-Nov-20190.0568
 25-Oct-20190.0627
 27-Sep-20190.1312
 28-Aug-20190.0786
 26-Jul-20190.0632
 28-Jun-20190.0074
 28-May-20190.0316
 26-Apr-20190.0307
 28-Mar-20190.0578
 28-Feb-20190.0534
 28-Jan-20190.0595
 28-Dec-20180.0641
 28-Nov-20180.0666
 26-Oct-20180.0467
 30-Sep-20180.0301
 28-Aug-20180.0481
 27-Jul-20180.0522
 28-Jun-20180.0639
Dividend Quarterly26-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: 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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