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Unrated

DSP Dual Advantage Fund - Series 49 - 42 Months - Regular Plan


1 Lakh

Investment Grown to
₹ 1.20 Lakh

Analyst's Choice?

Suitability:

When you invest for three years or above, you can expect gains that beat the inflation rate and are also slightly higher than fixed income options. But be prepared for some ups and downs in your investment value along the way.

Conservative hybrid funds invest roughly a quarter of your money in equity shares and the rest in bonds and commodities. Given their underlying investments, these funds offer a viable alternative to regular income seekers. To derive dependable, inflation-protected income, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6% of the value of your investment every year.

Warning: Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than three years.

Taxability of earnings:

The tax treatment of this fund may vary depending upon its asset allocation. It will be taxed in the following manner based on its average asset allocation in the last 12 months.

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.11 -0.36 -0.22 -0.33 1.09 5.31 9.05 6.15 -- -- --
VR MIP TRI 0.93 0.29 -0.01 0.62 1.79 5.47 10.56 8.63 -- -- --
Hybrid: Conservative Hybrid 0.60 -0.29 -0.14 -0.10 1.28 4.81 7.19 5.51 -- -- --
Rank within category 66 57 66 66 55 22 19 16 -- -- --
Number of funds in category 84 85 84 84 84 82 77 40 3 0 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.94 (19-Sep-2019 - 26-Sep-2019) -1.30 (17-Sep-2018 - 24-Sep-2018)
Month 2.72 (26-Dec-2016 - 25-Jan-2017) -2.84 (07-Sep-2018 - 09-Oct-2018)
Quarter 4.43 (19-Sep-2019 - 19-Dec-2019) -2.23 (27-Jul-2018 - 26-Oct-2018)
Year 10.54 (30-Oct-2018 - 30-Oct-2019) 0.58 (26-Oct-2017 - 26-Oct-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.18 3.06 0.17 0.22 0.67 -1.14
VR MIP TRI 8.13 4.10 0.60 0.95 -- --
Hybrid: Conservative Hybrid 5.75 3.77 0.05 0.11 0.72 -1.69
Rank within category 19 17 16 16 22 22
Number of funds in category 39 39 39 39 39 39

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

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 30
Number of Bonds 7
Average Maturity (yrs) * --
Top 10 Holdings (%) 48.26
Portfolio P/B Ratio 3.46
Portfolio P/E Ratio 26.94

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal KKR India Financial Services 14/03/2020 Debenture AA 0.00 - 8.40 8.40
equal 8.36% Power Finance Corp. 26/02/2020 Bonds AAA 8.02 - 8.20 8.03
equal 8.02% LIC Housing Fin. 18/02/2020 Debenture AAA 8.00 - 8.18 8.02
equal 8.20% National Bank Agr. Rur. Devp 13/03/2020 Privately Placed Debts AAA 7.99 - 8.78 8.00
equal 8.10% Shriram Transport Finance 28/03/2020 Debenture AA+ 7.55 - 8.34 7.74
equal 8.87% REC 2020 Bonds AAA 2.01 - 2.22 2.01
equal 6.83% Power Finance Corp. 15/04/2020 Bonds AAA 0.98 - 1.06 0.98

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 25.23 2.84 1.37 1.82
equal Bajaj Finance Financial 53.00 1.53 0.55 1.53
down ICICI Bank Financial 36.13 1.60 0.10 1.36
equal Larsen & Toubro Construction 18.10 1.61 0.00 1.35
down Reliance Industries Energy 21.12 1.55 0.00 1.11
equal Maruti Suzuki India Automobile 31.60 1.75 0.92 1.02
equal Infosys Technology 20.72 0.87 0.00 0.81
equal HDFC Financial 18.18 0.79 0.00 0.79
equal Coromandel International Chemicals 19.41 0.89 0.35 0.79
equal ICICI Lombard General Insurance Financial 51.93 1.76 0.00 0.72
equal Axis Bank Financial 42.77 0.74 0.00 0.71
equal Whirlpool Cons Durable 57.90 0.71 0.46 0.71
equal SBI Life Insurance Company Financial 67.92 0.71 0.00 0.64
down Indusind Bank Financial 18.03 1.23 0.63 0.63
equal ITC FMCG 16.65 1.28 0.60 0.60
equal Shree Cement Construction 64.13 0.71 0.37 0.55
equal Havells India Engineering 51.85 0.68 0.45 0.50
equal Federal Bank Financial 10.31 0.42 0.00 0.42
equal Bharti Airtel Communication -- 0.37 0.00 0.37
new Emami FMCG 36.44 0.37 0.00 0.37
equal Dr. Reddy's Lab Healthcare 31.01 0.37 0.00 0.37
equal Tata Steel Metals 9.24 0.87 0.00 0.35
down BPCL Energy 12.90 0.86 0.26 0.35
equal Hindalco Inds. Metals 9.40 0.84 0.28 0.28
equal Eicher Motors Automobile 23.71 0.64 0.23 0.27

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

— M Suryanarayanan since 01-Oct-2018

Education: M Suryanarayanan is a graduate from IIM Ahemdabad and a CFA holder also a second level candiadate of CAIA.

Experience: He has been working with DSP mutual fund from last 4 years, before joining DSPBR he worked with Anand Rathi Securities for 3 Years.

Funds Managed:

— Laukik Bagwe since 24-Oct-2016

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:


-0.36%

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

Growth: ₹ 12.2738

Dividend: ₹ 12.2738


Investment Strategy

The scheme seeks to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The scheme also seek to invest a portion of the portfolio in equity & equity related securities to achieve capital appreciation.

Tenure (Days) 1260
Maturity date 14-May-2020

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 11-Nov-2016
Return Since Launch: 6.43%
Benchmark: CRISIL Hybrid 85+15 Conservative
Riskometer: Moderate
Type: Closed-end

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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