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DSP Liquidity Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an 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 are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, if your aim is 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 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 0.75 0.01 0.10 0.44 1.29 2.65 6.20 6.76 7.17 7.73 7.89
CCIL T Bill Liquidity Weight* 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Liquid* 0.75 0.01 0.09 0.43 1.25 2.63 6.06 6.52 6.93 7.55 7.74

As on 23-Feb-2020

* As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.27 (30-Mar-2012 - 08-Apr-2012) -0.08 (09-Jul-2013 - 16-Jul-2013)
Month 0.92 (08-Aug-2013 - 09-Sep-2013) 0.25 (17-Jul-2009 - 16-Aug-2009)
Quarter 2.62 (25-Jul-2013 - 24-Oct-2013) 0.81 (10-Jul-2009 - 09-Oct-2009)
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 6.59 0.22 4.11 5.92 0.38 1.52
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Liquid 6.34 0.51 3.67 6.02 0.52 1.51

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 92 120 66 55
Modified Duration (yrs) 0.09 0.14 0.07 0.08
Average Maturity (yrs) 0.09 0.16 0.08 0.09
Yield to Maturity (%) 5.33 7.29 5.12 5.37

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 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 6.89 4.87
equal Reserve Bank of India 91-D 19/03/2020 Treasury Bills SOV 0.00 - 6.89 4.73
equal HPCL 88-D 03/03/2020 Commercial Paper A1+ 0.00 - 4.93 3.39
new Reserve Bank of India 2020 Treasury Bills SOV 0.00 - 3.38 3.38
new Reserve Bank of India 63-D 17/03/2020 Treasury Bills SOV 0.00 - 3.38 3.38
new SAIL 91-D 07/02/2020 Commercial Paper A1+ 0.00 - 3.06 3.06
equal NTPC 91-D 17/03/2020 Commercial Paper A1+ 0.00 - 3.69 2.54
equal SIDBI 14/02/2020 Commercial Paper A1+ 0.00 - 3.46 2.38
equal Ultratech Cement 75-D 26/02/2020 Commercial Paper A1+ 0.00 - 2.96 2.03
equal Power Finance Corp. 360-D 06/03/2020 Commercial Paper A1+ 0.00 - 2.96 2.03
equal Larsen & Toubro 182-D 28/02/2020 Commercial Paper A1+ 0.00 - 2.47 1.70
new SIDBI 91-D 20/04/2020 Commercial Paper A1+ 0.00 - 1.68 1.68
new Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 1.52 1.52
equal Reserve Bank of India 182-D 14/02/2020 Treasury Bills SOV 0.00 - 1.98 1.36
equal Reliance Jio Infocomm 91-D 28/02/2020 Commercial Paper A1+ 0.00 - 1.97 1.36
new LIC Housing Fin. 364-D 10/02/2020 Commercial Paper A1+ 0.00 - 1.36 1.36
equal Indian Oil Corp. 66-D 10/02/2020 Commercial Paper A1+ 0.00 - 1.98 1.36
equal National Bank Agr. Rur. Devp 91-D 12/03/2020 Commercial Paper A1+ 0.00 - 1.97 1.35
equal National Housing Bank 90-D 17/03/2020 Commercial Paper A1+ 0.00 - 1.97 1.35
equal Shriram Transport Finance 85-D 20/03/2020 Commercial Paper A1+ 0.00 - 1.96 1.35
equal Axis Finance 90-D 09/03/2020 Commercial Paper A1+ 0.00 - 1.97 1.35
new Bharti Hexacom 63-D 19/03/2020 Commercial Paper A1+ 0.00 - 1.35 1.35
new Bahadur Chand Investments 70-D 16/03/2020 Commercial Paper A1+ 0.00 - 1.35 1.35
new National Bank Agr. Rur. Devp 78-D 27/03/2020 Commercial Paper A1+ 0.00 - 1.35 1.35
new ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 1.35 1.35

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-Jan-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:

— Rahul Vekaria since 01-Mar-2018

Education: Mr. Vakaria is CA and pursuing CFA Level II.

Experience: Prior to joining DSP Mutual Fund he has worked with Axis mutual Fund as a Fund Manager.

Funds Managed:


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Change from previous, NAV as on 23-Feb-2020

Growth: ₹ 2,802.3895

Dividend Weekly: ₹ 1,001.3165

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 (₹) --
Minimum No of Cheques --
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: 7.49%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 14,692 Cr (As on 31-Jan-2020)
Expense: 0.21% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Feb-20200.3030

 19-Feb-20200.0918
 18-Feb-20200.1011
 17-Feb-20200.1066
 16-Feb-20200.1003
 15-Feb-20200.2024
 13-Feb-20200.0987
 12-Feb-20200.1045
 11-Feb-20200.1068
 10-Feb-20200.1159
 09-Feb-20200.1022
 08-Feb-20200.2029
 06-Feb-20200.1027
 05-Feb-20200.1070
 04-Feb-20200.0993
 03-Feb-20200.1049
 02-Feb-20200.1004
 01-Feb-20200.2027
 30-Jan-20200.0964
 29-Jan-20200.1046
 28-Jan-20200.1012
 27-Jan-20200.1018
 26-Jan-20200.1003
 25-Jan-20200.2027
 23-Jan-20200.1003
Dividend Weekly19-Feb-20200.7012

 12-Feb-20200.7352
 05-Feb-20200.7092
 29-Jan-20200.7113
 22-Jan-20200.7091
 15-Jan-20200.6143
 08-Jan-20200.6550
 01-Jan-20200.7819
 25-Dec-20190.6717
 18-Dec-20190.6789
 11-Dec-20190.7217
 04-Dec-20190.6274
 27-Nov-20190.7051
 20-Nov-20190.7083
 13-Nov-20190.7015
 06-Nov-20190.6420
 30-Oct-20190.7499
 23-Oct-20190.6580
 16-Oct-20190.8225
 09-Oct-20190.7995
 02-Oct-20190.9236
 25-Sep-20190.6063
 18-Sep-20190.7267
 11-Sep-20190.7689
 04-Sep-20190.7719

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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