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3 star

DSP Liquidity Fund - Regular Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 3.59 0.01 0.06 0.28 0.81 1.73 4.57 6.23 6.62 7.25 7.81
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 4.76
Debt: Liquid 3.39 0.01 0.06 0.28 0.81 1.72 4.36 6.00 6.41 7.10 7.68
Rank within category 16 16 15 15 18 25 20 20 20 20 19
Number of funds in category 42 42 42 42 42 42 42 36 35 34 31

As on 23-Oct-2020

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 4.57 6.23 6.62 0.21 12,286
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 4.71 6.29 6.68 0.32 44,170
Aditya Birla Sun Life Liquid Fund  | Invest Online
5 star
Mar-04 4.74 6.35 6.72 0.31 32,611
Nippon India Liquid Fund  | Invest Online
5 star
Dec-03 4.70 6.35 6.72 0.30 24,930
Axis Liquid Fund
4 star
Oct-09 4.72 6.34 6.71 0.25 24,817

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) 0.78 (25-Jun-2020 - 24-Sep-2020)
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 6.13 0.40 2.66 3.58 0.81 2.00
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Liquid 5.91 0.56 2.34 3.12 0.78 1.75
Rank within category 20 26 21 19 32 10
Number of funds in category 36 36 36 35 36 36

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 44 92 43 36
Modified Duration (yrs) 0.11 0.14 0.06 0.10
Average Maturity (yrs) 0.12 0.15 0.07 0.09
Yield to Maturity (%) 3.33 5.38 3.22 3.38
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
up Reserve Bank of India 182-D 06/11/2020 Treasury Bills SOV 0.00 - 12.17 12.17
up Reserve Bank of India 182-D 29/10/2020 Treasury Bills SOV 0.00 - 10.56 10.56
down Reserve Bank of India 91-D 22/10/2020 Treasury Bills SOV 0.00 - 7.48 7.11
new Indian Oil Corp. 56-D 02/11/2020 Commercial Paper A1+ 0.00 - 4.06 4.06
equal Reliance Retail Ventures 91-D 26/11/2020 Commercial Paper A1+ 0.00 - 4.24 4.05
new Reserve Bank of India 182-D 17/12/2020 Treasury Bills SOV 0.00 - 4.04 4.04
new Reserve Bank of India 91-D 24/12/2020 Treasury Bills SOV 0.00 - 4.04 4.04
new Chennai Petroleum Corp. 76-D 18/11/2020 Commercial Paper A1+ 0.00 - 3.24 3.24
new Indian Oil Corp. 63-D 09/11/2020 Commercial Paper A1+ 0.00 - 3.24 3.24
new Kotak Mahindra Prime 9-D 09/10/2020 Commercial Paper A1+ 0.00 - 2.44 2.44
new Reserve Bank of India 364-D 19/11/2020 Treasury Bills SOV 0.00 - 2.43 2.43
new HDFC 340-D 27/11/2020 Commercial Paper A1+ 0.00 - 2.43 2.43
new Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 2.23 2.23
equal Chennai Petroleum Corp. 62-D 19/10/2020 Commercial Paper A1+ 0.00 - 1.70 1.63
equal HDFC 91-D 09/11/2020 Commercial Paper A1+ 0.00 - 1.70 1.62
new Axis Finance 87-D 14/12/2020 Commercial Paper A1+ 0.00 - 1.62 1.62
new Reserve Bank of India 182-D 24/12/2020 Treasury Bills SOV 0.00 - 1.62 1.62
new Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 1.62 1.62
new ICICI Securities 90-D 23/12/2020 Commercial Paper A1+ 0.00 - 1.61 1.61
new Reserve Bank of India 364-D 10/12/2020 Treasury Bills SOV 0.00 - 1.38 1.38
new 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 1.10 1.10
new Reserve Bank of India 91-D 17/12/2020 Treasury Bills SOV 0.00 - 1.09 1.09
new Reliance Industries 91-D 09/11/2020 Commercial Paper A1+ 0.00 - 0.81 0.81
new Reserve Bank of India 91-D 26/11/2020 Treasury Bills SOV 0.00 - 0.81 0.81
new Godrej & Boyce Mfg. Co. 90-D 24/12/2020 Commercial Paper A1+ 0.00 - 0.81 0.81

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-Sep-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:


0.01%

Change from previous, NAV as on 24-Oct-2020

Growth: ₹ 2,881.5136

Dividend Weekly: ₹ 1,001.0595

Dividend Daily: ₹ 1,001.0136


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: 7.35%
Benchmark: CRISIL Liquid TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 12,286 Cr (As on 30-Sep-2020)
Expense: 0.21% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Oct-20200.0830

 21-Oct-20200.0823
 20-Oct-20200.0994
 19-Oct-20200.0978
 18-Oct-20200.0948
 17-Oct-20200.1647
 15-Oct-20200.0948
 14-Oct-20200.1040
 13-Oct-20200.1079
 12-Oct-20200.1058
 11-Oct-20200.0845
 10-Oct-20200.1724
 08-Oct-20200.0950
 07-Oct-20200.0866
 06-Oct-20200.0996
 05-Oct-20200.0943
 04-Oct-20200.0884
 03-Oct-20200.2607
 30-Sep-20200.0858
 29-Sep-20200.1657
 28-Sep-20200.1000
 27-Sep-20200.0947
 26-Sep-20200.1850
 24-Sep-20200.0930
 23-Sep-20200.0946
Dividend Weekly21-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
 22-Jul-20200.5754
 15-Jul-20200.5728
 08-Jul-20200.5654
 01-Jul-20200.6906
 24-Jun-20200.7657
 17-Jun-20200.7512
 10-Jun-20200.6484
 03-Jun-20200.5508
 27-May-20200.6723
 20-May-20200.8728
 13-May-20201.0666
 06-May-20200.8408

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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