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DSP Ultra Short Fund - Regular Plan

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Debt: Ultra Short Duration

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1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable 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 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 1.00 0.01 0.06 0.26 0.84 1.44 3.79 5.27 5.78 6.44 7.18
CCIL T Bill Liquidity Weight 0.63 0.01 0.03 0.14 0.48 0.96 2.23 3.61 3.86 4.31 4.65
Debt: Ultra Short Duration 1.12 0.01 0.07 0.30 0.93 1.63 4.40 5.49 6.01 6.71 7.71
Rank within category 22 10 20 22 20 22 20 10 9 10 11
Number of funds in category 27 27 27 27 27 27 26 15 14 14 12

As on 05-May-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Ultra Short Fund - Regular Plan  | Invest Online
3 star
 Jul-06 3.79 5.27 5.78 0.98 3,653
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 5.48 -- -- 0.64 17,221
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 6.36 7.35 7.50 0.51 16,098
Kotak Savings Fund Regular Plan  | Invest Online
4 star
 Aug-04 4.81 6.59 6.83 0.77 11,180
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 4.81 6.81 6.85 0.49 9,007

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.04 24-Mar-2020 - 31-Mar-2020 -0.95 17-Dec-2018 - 24-Dec-2018
Month 1.62 24-Mar-2020 - 23-Apr-2020 -0.46 27-Aug-2018 - 26-Sep-2018
Quarter 3.30 24-Jul-2013 - 23-Oct-2013 0.32 24-Dec-2019 - 24-Mar-2020
Year 10.15 24-Jul-2013 - 24-Jul-2014 3.46 30-Jun-2009 - 30-Jun-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.18 0.92 0.87 0.97 1.30 1.86
CCIL T Bill Liquidity Weight 3.56 0.38 -2.17 -5.20 -- --
Debt: Ultra Short Duration 5.50 1.69 1.61 2.95 1.13 2.05
Rank within category 11 10 10 11 11 9
Number of funds in category 16 16 16 16 16 16

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

As on 30-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 37 46 34 33
Modified Duration (yrs) 0.43 0.44 0.28 --
Average Maturity (yrs) 0.45 0.46 0.29 --
Yield to Maturity (%) 3.71 5.19 3.35 --
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
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 10.44 9.95
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 7.96 7.59
new 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 5.76 5.76
equal 7.47% Power Finance Corp. 16/09/2021 Bonds AAA 0.00 - 4.50 4.06
new National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 4.05 4.05
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 4.72 3.48
equal Export-Import Bank 14/12/2021 Certificate of Deposit A1+ 0.00 - 3.51 3.35
new Bharti Hexacom 183-D 29/10/2021 Commercial Paper A1+ 0.00 - 3.08 3.08
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 3.00 2.86
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 3.76 2.77
equal Hero FinCorp 214-D 17/05/2021 Commercial Paper A1+ 0.00 - 3.43 2.73
equal Export-Import Bank 176-D 29/06/2021 Certificate of Deposit A1+ 0.00 - 2.86 2.72
equal Bajaj Housing Finance 171-D 28/06/2021 Commercial Paper A1+ 0.00 - 2.86 2.72
equal Tata Capital Financial Services 245-D 29/06/2021 Commercial Paper A1+ 0.00 - 3.41 2.72
new National Bank Agr. Rur. Devp 199-D 02/08/2021 Commercial Paper A1+ 0.00 - 2.71 2.71
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.99 2.70
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 2.83 2.70
equal Indusind Bank 15/09/2021 Certificate of Deposit A1+ 0.00 - 2.83 2.70
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 2.81 2.68
equal 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 2.79 2.66
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 2.77 2.65
new IDFC First Bank 14/03/2022 Certificate of Deposit A1+ 0.00 - 2.64 2.64
equal Tata Realty and Infrastructure 201-D 27/09/2021 Commercial Paper A1+ 0.00 - 2.39 2.28
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 4.38 2.04
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 1.83 1.46

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-Apr-2021

*As on 31-Mar-2021

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:

Invest Online
0.01%

Change from previous, NAV as on 05-May-2021

Growth: ₹ 2,714.3766

IDCW Weekly: ₹ 1,005.4710

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IDCW Monthly: ₹ 1,056.4696

IDCW Daily: ₹ 1,005.4914

IDCW: ₹ 1,093.0309

Investment Strategy

The scheme aims to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 31-Jul-2006
Return Since Launch: 6.99%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,653 Cr (As on 30-Apr-2021)
Expense: 0.98% (As on 31-Mar-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-May-20210.2723

 29-Apr-20210.0724
 28-Apr-20210.1655
 27-Apr-20210.1363
 26-Apr-20210.0949
 25-Apr-20210.2612
 22-Apr-20210.1005
 21-Apr-20210.2932
 19-Apr-20210.0726
 18-Apr-20210.2598
 15-Apr-20210.2035
 14-Apr-20210.2598
 11-Apr-20210.1013
 05-Apr-20210.2604
 04-Apr-20210.3780
 30-Mar-20210.2205
 29-Mar-20210.5037
 25-Mar-20210.2016
 24-Mar-20210.1359
 23-Mar-20210.2455
 22-Mar-20210.2781
 21-Mar-20210.2108
 18-Mar-20210.3638
 17-Mar-20210.0364
 16-Mar-20210.0994
IDCW Monthly28-Apr-20212.7776

 26-Mar-20212.6655
 26-Feb-20212.5365
 28-Jan-20211.3953
 28-Dec-20201.8687
 27-Nov-20202.6974
 28-Oct-20204.0011
 28-Sep-20202.2906
 28-Aug-20202.6289
 28-Jul-20202.9849
 26-Jun-20203.9268
 28-May-20208.8840
 28-Apr-20205.5479
 27-Mar-20201.8338
 28-Feb-20203.0587
 28-Jan-20203.3748
 27-Dec-20192.2932
 28-Nov-20193.9289
 25-Oct-20194.0926
 27-Sep-20193.0164
 28-Aug-20195.2975
 26-Jul-20194.8520
 28-Jun-20194.0781
 28-May-20194.9954
 26-Apr-20193.1096
IDCW Weekly28-Apr-20210.7583

 21-Apr-20210.8290
 14-Apr-20210.3947
 07-Apr-20210.2265
 04-Apr-20211.3037
 24-Mar-20211.2342
 17-Mar-20210.3769
 11-Mar-20210.5906
 03-Mar-20210.3302
 24-Feb-20210.5696
 17-Feb-20210.8959
 10-Feb-20210.5777
 03-Feb-20210.4291
 27-Jan-20210.3790
 06-Jan-20210.7082
 30-Dec-20200.7733
 23-Dec-20200.4417
 16-Dec-20200.3384
 09-Dec-20200.7362
 02-Dec-20200.1701
 25-Nov-20200.5880
 18-Nov-20200.6783
 11-Nov-20200.6462
 04-Nov-20200.5956
 28-Oct-20200.5775
IDCW26-Mar-20215.5286

 28-Dec-20208.5594
 28-Sep-20207.9056
 26-Jun-202017.5938
 27-Mar-20204.1407
 27-Dec-201910.6229
 27-Sep-201913.8778
 28-Jun-201912.3788
 28-Mar-201912.7518
 28-Dec-20184.3967
 30-Sep-20185.1396
 28-Jun-20189.6816
 28-Mar-201810.9274
 28-Dec-20179.2394
 28-Sep-201710.9185
 28-Jun-201711.3378
 27-Mar-201710.1946
 28-Dec-201610.9676
 28-Mar-201656.3375
 27-Mar-201530.9640
 26-Sep-2014129.7396

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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