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Unrated

DSP FMP Series 221-40M - Direct Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.09 Lakh

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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 5.40 0.04 0.07 0.39 2.84 4.19 8.85 -- -- -- --
CCIL T Bill Liquidity Weight 2.20 -0.03 0.05 0.13 0.64 1.77 3.58 -- -- -- --
Debt: FMP 6.18 0.05 0.08 0.42 3.18 4.75 9.36 -- -- -- --
Rank within category 500 302 271 335 386 471 438 -- -- -- --
Number of funds in category 597 608 608 608 607 600 585 32 4 0 0

As on 10-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP FMP Series 221-40M - Direct Plan
Unrated
Feb-18 8.85 -- -- 0.20 286
Nippon India Fixed Horizon Fund XXXVIII - Series 6 - Direct Plan
Unrated
Jul-18 8.91 -- -- -- 1,893
Kotak FMP Series 252 - 1261 Days - Direct Plan
Unrated
Nov-18 11.02 -- -- -- 1,275
ICICI Prudential Fixed Maturity Plan - Series 82 1185 Days Plan I - Direct Plan
Unrated
Feb-18 8.93 -- -- -- 1,110
HDFC Fixed Maturity Plan - 1158 Days - February 2018 (1) - Direct Plan
Unrated
Feb-18 8.83 -- -- 0.03 1,044

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.53 (24-Mar-2020 - 31-Mar-2020) -1.04 (12-Mar-2020 - 19-Mar-2020)
Month 2.26 (24-Mar-2020 - 23-Apr-2020) -1.37 (17-Apr-2018 - 17-May-2018)
Quarter 4.28 (24-Mar-2020 - 24-Jun-2020) -0.18 (06-Apr-2018 - 06-Jul-2018)
Year 11.67 (25-Sep-2018 - 25-Sep-2019) 6.99 (09-Apr-2018 - 09-Apr-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.03 0.29 -4.08 -7.51 -- --
Debt: FMP* 6.63 2.06 0.92 1.26 2.92 4.88
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 19 -- 16
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Kotak Mahindra Prime 27/05/2021 Bonds/NCDs AAA 9.96 - 10.11 10.11
equal Axis Finance 27/05/2021 Bonds/NCDs AAA 9.83 - 9.97 9.97
equal Bajaj Housing Finance 2021 Bonds/NCDs AAA 9.86 - 9.95 9.95
equal 7.65% IRFC 15/03/2021 Debenture AAA 9.85 - 10.22 9.85
equal 8.40% Power Grid Corporation 14/09/2020 Bonds AAA 9.42 - 10.37 9.42
equal 7.73% Power Finance Corp. 2021 Debenture AAA 9.24 - 9.94 9.26
equal 7.73% HUDCO 15/04/2021 Debenture AAA 8.55 - 8.63 8.59
equal 7.57% LIC Housing Fin. 18/02/2021 Debenture AAA 8.41 - 9.07 8.45
equal 7.18% REC 21/05/2021 Debenture AAA 7.22 - 7.72 7.25
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 4.94 - 5.35 4.94
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 4.79 4.78
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.11 - 2.22 2.21
equal 8.00% Export-Import Bank 27/05/2021 Bonds AAA 0.00 - 1.38 1.28
equal 7.60% REC 17/04/2021 Bonds/NCDs AAA 0.00 - 1.33 1.24
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.93 - 1.22 0.93
equal 7.48% Bennet Coleman & Company 26/04/2021 Bonds/NCDs AAA 0.76 - 0.81 0.76
equal 8.40% Power Grid Corporation 27/05/2021 Debenture AAA 0.00 - 0.37 0.37
equal 7.70% REC 15/03/2021 Bonds/NCDs AAA 0.26 - 0.28 0.26
new Export-Import Bank 188-D 04/01/2021 Certificate of Deposit A1+ 0.00 - 0.21 0.21

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-Jul-2020

Fund Manager

— Laukik Bagwe since 20-Feb-2018

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:


0.04%

Change from previous, NAV as on 10-Aug-2020

Growth: ₹ 12.2674

Dividend Quarterly: ₹ 12.2673

Dividend: ₹ 12.2675


Investment Strategy

The scheme seeks to generate returns and capital appreciation by investing in a portfolio of Debt and Money Market Securities.

Tenure (Days) 1200
Maturity date 27-May-2021

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 22-Feb-2018
Return Since Launch: 8.64%
Benchmark: CRISIL Composite Bond
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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