VR Logo

3 star

DSP Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 5.46 0.01 0.09 0.32 1.18 5.53 7.61 7.85 8.03 -- --
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 3.99 4.17 -- --
Debt: Low Duration 5.19 0.01 0.11 0.44 3.65 6.42 7.09 5.55 6.56 -- --
Rank within category 18 13 15 23 22 16 18 10 7 -- --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 25-Sep-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 7.61 7.85 8.03 0.30 3,229
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 8.68 8.04 8.28 0.44 19,725
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.96 8.46 8.55 0.40 14,808
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.02 7.86 7.88 0.40 10,361
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 9.39 8.62 8.90 0.36 9,297

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 7.64 1.11 2.26 4.74 0.57 3.17
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Low Duration 5.62 4.37 1.36 2.76 -0.82 -0.48
Rank within category 9 9 10 9 14 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 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 68 68 54 55
Modified Duration (yrs) 0.76 0.88 0.71 0.78
Average Maturity (yrs) 0.82 0.98 0.78 0.91
Yield to Maturity (%) 4.03 6.79 3.97 4.92
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.70% IRFC 24/11/2021 Bonds/NCDs AAA 0.00 - 6.41 5.05
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 5.72 3.77
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 1.92 - 5.00 3.09
equal Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 6.12 3.07
equal Export-Import Bank 22/04/2021 Certificate of Deposit A1+ 0.00 - 3.84 3.02
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 3.55 3.01
up 7.14% REC 2021 Bonds AAA 0.00 - 2.67 2.67
equal 8.41% Sundaram Home Finance 15/09/2020 Bonds/NCDs AA+ 2.59 - 3.32 2.62
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.00 - 3.57 2.61
up 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 2.55 2.55
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 3.03 2.44
up 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 1.64 - 2.39 2.39
equal Chennai Petroleum Corp. 80-D 18/09/2020 Commercial Paper A1+ 0.00 - 2.74 2.32
equal 7.25% Bajaj Finance 2020 Debenture AAA 1.65 - 4.10 1.98
new 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 1.73 1.73
equal 7.55% REC 26/09/2021 Debenture AAA 0.00 - 2.13 1.71
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 1.82 1.71
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 2.12 1.70
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.86 1.69
up SIDBI 13/01/2021 Commercial Paper A1+ 0.00 - 1.68 1.68
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 1.79 1.68
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 1.78 1.68
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 1.79 1.68
new 6.32% REC 31/12/2021 Debenture AAA 0.00 - 1.63 1.63
equal 6.95% LIC Housing Fin. 2021 Debenture AAA 0.00 - 2.08 1.60

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-Aug-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:


0.01%

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

Growth: ₹ 15.4731

Dividend Weekly: ₹ 10.1278

More

Dividend Quarterly: ₹ 10.6167

Dividend Monthly: ₹ 11.5591

Dividend Daily: ₹ 10.1268


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: 8.18%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 3,229 Cr (As on 31-Aug-2020)
Expense: 0.30% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Sep-20200.0009

 23-Sep-20200.0005
 22-Sep-20200.0010
 21-Sep-20200.0018
 18-Sep-20200.0051
 17-Sep-20200.0024
 06-Sep-20200.0022
 03-Sep-20200.0025
 02-Sep-20200.0017
 01-Sep-20200.0025
 31-Aug-20200.0051
 28-Aug-20200.0041
 19-Aug-20200.0030
 18-Aug-20200.0014
 17-Aug-20200.0015
 16-Aug-20200.0044
 12-Aug-20200.0042
 11-Aug-20200.0016
 10-Aug-20200.0009
 09-Aug-20200.0020
 04-Aug-20200.0012
 03-Aug-20200.0015
 31-Jul-20200.0031
 30-Jul-20200.0056
 23-Jul-20200.0015
Dividend Weekly23-Sep-20200.0108

 16-Sep-20200.0046
 02-Sep-20200.0134
 19-Aug-20200.0103
 12-Aug-20200.0101
 05-Aug-20200.0103
 29-Jul-20200.0011
 22-Jul-20200.0080
 15-Jul-20200.0105
 08-Jul-20200.0142
 01-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
Dividend Monthly28-Aug-20200.0334

 28-Jul-20200.0554
 26-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
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

Last Session

VR Helpline

What to do with your multi-cap funds

dateSaturday, 26-Sep-2020
time12:30 PM - 01:00 PM

Registration Over