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Unrated

DSP FMP Series 223-39M - Regular Plan


1 Lakh

Investment Grown to
₹ 1.11 Lakh

Analyst's Choice?

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from 3 months to 5 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.

If you are looking to invest for a defined tenure during which you are sure you will not need to redeem your money, you may consider investing in an FMP of a matching duration. But avoid them if your investment horizon is more than 3 years. We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. That makes FMPs unsuitable.

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 10.02 0.42 1.94 10.87 -- -- --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 -- -- --
Debt: FMP 8.16 0.45 1.82 8.85 -- -- --
Rank within category 70 372 239 72 -- -- --
Number of funds in category 573 711 706 549 18 7 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 2.00 (01-Mar-2019 - 02-Apr-2019) -1.45 (17-Apr-2018 - 17-May-2018)
Quarter 3.55 (01-Jan-2019 - 02-Apr-2019) -0.28 (06-Apr-2018 - 06-Jul-2018)
Year 11.84 (25-Sep-2018 - 25-Sep-2019) 6.90 (09-Apr-2018 - 09-Apr-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.11 0.25 -6.57 -10.84 -- --
Debt: FMP* 7.18 1.62 1.08 1.55 3.29 6.89
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 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 19 15
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 7.73% HUDCO 15/04/2021 Debenture AAA 11.49 - 11.53 11.51
equal 7.18% REC 21/05/2021 Debenture AAA 10.29 - 11.12 10.35
equal 7.65% IRFC 15/03/2021 Debenture AAA 9.74 - 10.52 9.76
equal 7.73% Power Finance Corp. 2021 Debenture AAA 9.65 - 10.44 9.70
equal Bajaj Housing Finance 2021 Bonds/NCDs AAA 9.39 - 9.46 9.42
equal 8.00% Export-Import Bank 27/05/2021 Bonds AAA 8.00 - 8.65 8.02
equal Axis Finance 27/04/2021 Debenture AAA 7.63 - 7.70 7.68
equal HDB Financial Services 2021 Zero Coupon Bonds AAA 6.58 - 6.64 6.61
equal LIC Housing Fin. 25/03/2021 Debenture AAA 5.58 - 5.60 5.59
equal 7.57% LIC Housing Fin. 18/02/2021 Debenture AAA 5.45 - 5.88 5.45
equal 8.10% NTPC 27/05/2021 Bonds AAA 3.53 - 3.82 3.53
equal 8.40% Power Grid Corporation 27/05/2021 Debenture AAA 3.32 - 3.61 3.33
equal Kotak Mahindra Prime 27/05/2021 Bonds/NCDs AAA 2.69 - 2.72 2.71
equal Axis Finance 27/05/2021 Bonds/NCDs AAA 2.42 - 2.44 2.44
equal 8.90% Reliance Jio Infocomm 21/01/2020 Debenture AAA 0.00 - 2.39 2.37
equal 8.32% Power Grid Corporation 23/12/2020 Bonds AAA 0.00 - 0.73 0.73
equal 7.30% Power Finance Corp. 30/06/2020 Debenture AAA 0.00 - 0.34 0.31
equal DSP Liquidity Direct-G Mutual Fund 0.00 - 0.25 0.24
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 0.17 0.16

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-Nov-2019

Fund Manager

— Laukik Bagwe since 08-Mar-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:


0.01%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 11.5433

Dividend Quarterly: ₹ 11.5433

Dividend: ₹ 11.5433


Investment Strategy

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

Tenure (Days) 1170
Maturity date 27-May-2021

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 08-Mar-2018
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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM