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3 star

DSP Liquidity Fund - Regular Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

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 0.10 0.00 0.05 0.24 0.74 1.54 4.07 5.95 6.40 7.03 7.70
CCIL T Bill Liquidity Weight 0.05 0.02 -0.01 0.16 0.51 1.10 3.02 3.82 4.02 4.45 4.70
Debt: Liquid 0.10 0.00 0.05 0.24 0.73 1.53 3.87 5.75 6.25 6.91 7.60
Rank within category 21 24 22 14 19 18 17 20 20 21 19
Number of funds in category 41 41 41 41 41 41 41 35 34 34 30

As on 15-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Liquidity Fund - Regular Plan  | Invest Online
3 star
Nov-05 4.07 5.95 6.40 0.23 11,944
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 4.17 6.02 6.46 0.32 42,177
Aditya Birla Sun Life Liquid Fund  | Invest Online
5 star
Mar-04 4.18 6.06 6.50 0.31 33,431
Axis Liquid Fund
4 star
Oct-09 4.17 6.05 6.49 0.25 25,742
Nippon India Liquid Fund  | Invest Online
4 star
Dec-03 4.15 6.06 6.49 0.32 23,245

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.51 (24-Mar-2020 - 31-Mar-2020) -0.14 (17-Mar-2020 - 24-Mar-2020)
Month 0.92 (08-Aug-2013 - 09-Sep-2013) 0.20 (23-Feb-2020 - 24-Mar-2020)
Quarter 2.62 (25-Jul-2013 - 24-Oct-2013) 0.73 (16-Oct-2020 - 15-Jan-2021)
Year 9.87 (12-Aug-2011 - 13-Aug-2012) 3.77 (26-Apr-2009 - 26-Apr-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.85 0.47 2.31 3.76 0.98 2.05
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Liquid 5.66 0.63 2.08 3.24 0.96 1.84
Rank within category 20 25 21 11 29 13
Number of funds in category 35 35 35 34 35 35

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

As on 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 53 92 38 35
Modified Duration (yrs) 0.04 0.14 0.04 --
Average Maturity (yrs) 0.05 0.15 0.05 --
Yield to Maturity (%) 2.89 5.38 2.89 --
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
new Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 7.51 7.51
new Power Grid Corporation 44-D 29/01/2021 Commercial Paper A1+ 0.00 - 5.85 5.85
new Reliance Industries 91-D 22/01/2021 Commercial Paper A1+ 0.00 - 4.18 4.18
new NLC India 83-D 24/03/2021 Commercial Paper A1+ 0.00 - 4.16 4.16
new Chennai Petroleum Corp. 78-D 03/03/2021 Commercial Paper A1+ 0.00 - 4.16 4.16
new 7.00% GOI 21/01/2021 GOI Securities SOV 0.00 - 3.11 3.11
new Reserve Bank of India 182-D 14/01/2021 Treasury Bills SOV 0.00 - 3.05 3.05
new Reliance Industries 55-D 17/02/2021 Commercial Paper A1+ 0.00 - 2.50 2.50
new Chennai Petroleum Corp. 90-D 31/03/2021 Commercial Paper A1+ 0.00 - 2.49 2.49
equal NLC India 2021 Commercial Paper A1+ 0.00 - 2.31 1.75
new IDFC First Bank 26/02/2021 Certificate of Deposit A1+ 0.00 - 1.67 1.67
new Axis Finance 62-D 15/02/2021 Commercial Paper A1+ 0.00 - 1.67 1.67
new ICICI Securities 81-D 15/03/2021 Commercial Paper A1+ 0.00 - 1.66 1.66
new NTPC 90-D 22/03/2021 Commercial Paper A1+ 0.00 - 1.66 1.66
new Reserve Bank of India 182-D 04/02/2021 Treasury Bills SOV 0.00 - 1.46 1.46
new National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 1.30 1.30
new SIDBI 28/01/2021 Commercial Paper A1+ 0.00 - 1.25 1.25
new ICICI Bank 25/01/2021 Certificate of Deposit A1+ 0.00 - 0.96 0.96
equal SIDBI 13/01/2021 Commercial Paper A1+ 0.00 - 1.16 0.88
equal HDFC Securities 180-D 19/01/2021 Commercial Paper A1+ 0.00 - 1.10 0.84
new Chambal Fertilisers & Chem. 39-D 22/01/2021 Commercial Paper A1+ 0.00 - 0.84 0.84
equal Muthoot Finance 91-D 21/01/2021 Commercial Paper A1+ 0.00 - 1.10 0.84
new Shree Cement 31-D 18/01/2021 Commercial Paper A1+ 0.00 - 0.84 0.84
new Shree Cement 66-D 22/02/2021 Commercial Paper A1+ 0.00 - 0.83 0.83
new Reliance Industries 80-D 18/03/2021 Commercial Paper A1+ 0.00 - 0.83 0.83

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-Dec-2020

*As on 30-Nov-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:


--

Change from previous, NAV as on 17-Jan-2021

Growth: ₹ 2,900.8825

Dividend Weekly: ₹ 1,001.1103

Dividend Daily: ₹ 1,000.9329


Investment Strategy

The fund seeks to generate reasonable return commensurate with low risk and high degree of liquidity from a portfolio of money market and high quality 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
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 23-Nov-2005
Return Since Launch: 7.28%
Benchmark: CRISIL Liquid TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 11,944 Cr (As on 31-Dec-2020)
Expense: 0.23% (As on 31-Dec-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jan-20210.0466

 13-Jan-20210.0772
 12-Jan-20210.1142
 11-Jan-20210.0664
 09-Jan-20210.1642
 07-Jan-20210.0767
 06-Jan-20210.0490
 05-Jan-20210.0459
 04-Jan-20210.0524
 03-Jan-20210.0914
 02-Jan-20210.1511
 31-Dec-20200.0999
 30-Dec-20200.1058
 29-Dec-20200.1056
 28-Dec-20200.0938
 27-Dec-20200.0894
 26-Dec-20200.2458
 23-Dec-20200.0875
 22-Dec-20200.0925
 21-Dec-20200.0799
 20-Dec-20200.0781
 19-Dec-20200.1676
 17-Dec-20200.0812
 16-Dec-20200.0785
 15-Dec-20200.0847
Dividend Weekly13-Jan-20210.4986

 06-Jan-20210.4889
 30-Dec-20200.6407
 23-Dec-20200.5867
 16-Dec-20200.5465
 09-Dec-20200.5545
 02-Dec-20200.4400
 25-Nov-20200.5163
 18-Nov-20200.6179
 11-Nov-20200.6216
 04-Nov-20200.6006
 28-Oct-20200.5447
 21-Oct-20200.6340
 14-Oct-20200.6697
 07-Oct-20200.6294
 30-Sep-20200.7242
 23-Sep-20200.5954
 16-Sep-20200.5901
 09-Sep-20200.5123
 02-Sep-20200.6049
 26-Aug-20200.5574
 19-Aug-20200.6791
 12-Aug-20200.6284
 05-Aug-20200.6550
 29-Jul-20200.5405

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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