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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
₹ 1.05 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 0.05 0.01 -0.03 0.18 0.69 1.54 4.54 5.60 6.06 6.70 7.34
CCIL T Bill Liquidity Weight 0.05 0.02 -0.01 0.16 0.51 1.10 3.02 3.82 4.02 4.45 4.70
Debt: Ultra Short Duration 0.07 0.00 -0.02 0.21 0.80 1.75 4.97 5.83 6.37 7.07 7.87
Rank within category 21 5 19 23 22 21 19 10 10 12 11
Number of funds in category 28 28 28 28 28 27 26 15 15 14 12

As on 15-Jan-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 4.54 5.60 6.06 1.01 3,263
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 6.76 7.61 7.85 0.48 16,540
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 5.66 7.17 7.14 0.49 14,272
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 6.25 -- -- 0.64 14,228
Kotak Savings Fund Regular Plan  | Invest Online
4 star
 Aug-04 5.62 6.95 7.13 0.76 12,428

Best & Worst Performance

Best (Period) Worst (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 5.53 0.91 0.84 0.85 1.34 2.08
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Ultra Short Duration 5.88 1.60 1.75 3.34 1.14 2.23
Rank within category 12 11 12 12 11 10
Number of funds in category 17 17 17 17 17 17

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

As on 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 35 48 34 39
Modified Duration (yrs) 0.37 0.46 0.34 --
Average Maturity (yrs) 0.39 0.49 0.35 --
Yield to Maturity (%) 3.35 6.06 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 Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 11.27 9.14
new Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 6.05 6.05
new Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 5.28 5.28
new HDFC 162-D 28/05/2021 Commercial Paper A1+ 0.00 - 5.14 5.14
new National Bank Agr. Rur. Devp 180-D 21/06/2021 Commercial Paper A1+ 0.00 - 4.52 4.52
equal 7.47% Power Finance Corp. 16/09/2021 Bonds AAA 0.00 - 4.50 4.50
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 4.72 3.85
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.00 - 3.71 3.27
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 4.12 3.26
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 3.76 3.06
equal Reserve Bank of India 364-D 08/04/2021 Treasury Bills SOV 0.00 - 3.04 3.04
new HDFC Securities 127-D 30/04/2021 Commercial Paper A1+ 0.00 - 3.03 3.03
equal Ultratech Cement 2021 Commercial Paper A1+ 0.00 - 3.03 3.03
equal Hero FinCorp 214-D 17/05/2021 Commercial Paper A1+ 0.00 - 3.43 3.02
equal Tata Capital Financial Services 245-D 29/06/2021 Commercial Paper A1+ 0.00 - 3.41 3.01
new Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.99 2.99
equal ICICI Bank 15/01/2021 Certificate of Deposit A1+ 0.00 - 2.65 2.34
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 4.38 2.26
equal Cholamandalam Invest. & Fin. 25/06/2021 Commercial Paper A1+ 0.00 - 2.26 2.26
new Export-Import Bank 14/12/2021 Certificate of Deposit A1+ 0.00 - 2.22 2.22
up 7.70% REC 15/03/2021 Bonds/NCDs AAA 0.00 - 1.91 1.79
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 1.83 1.62
equal 6.95% LIC Housing Fin. 2021 Debenture AAA 0.00 - 1.98 1.61
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 1.88 1.52
equal Bahadur Chand Investments Commercial Paper A1+ 0.00 - 1.51 1.51

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-Dec-2020

*As on 30-Nov-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:

Invest Online
0.01%

Change from previous, NAV as on 15-Jan-2021

Growth: ₹ 2,688.7509

Dividend Weekly: ₹ 1,004.8290

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Dividend Monthly: ₹ 1,055.8194

Dividend Daily: ₹ 1,005.1930

Dividend: ₹ 1,088.2060

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
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 31-Jul-2006
Return Since Launch: 7.07%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 3,263 Cr (As on 31-Dec-2020)
Expense: 1.01% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily07-Jan-20210.0821

 06-Jan-20210.0393
 05-Jan-20210.0736
 04-Jan-20210.2077
 03-Jan-20210.3331
 31-Dec-20200.0548
 30-Dec-20200.1601
 29-Dec-20200.0815
 28-Dec-20200.2202
 27-Dec-20200.3117
 23-Dec-20200.0604
 22-Dec-20200.0709
 21-Dec-20200.0729
 20-Dec-20200.2005
 17-Dec-20200.0373
 16-Dec-20200.0559
 15-Dec-20200.0082
 14-Dec-20200.0151
 13-Dec-20200.2124
 10-Dec-20200.0471
 09-Dec-20200.0876
 08-Dec-20200.1069
 07-Dec-20200.1241
 06-Dec-20200.3289
 03-Dec-20200.0404
Dividend Weekly06-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
 21-Oct-20200.8783
 14-Oct-20200.9931
 07-Oct-20201.1503
 30-Sep-20200.7852
 23-Sep-20200.4694
 16-Sep-20200.5051
 09-Sep-20200.4812
 02-Sep-20200.6071
 26-Aug-20200.3614
 19-Aug-20200.8869
 12-Aug-20200.4396
 05-Aug-20200.6444
 29-Jul-20200.4364
 22-Jul-20200.5313
Dividend28-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
Dividend Monthly28-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
 28-Mar-20194.2606
 28-Feb-20194.3323
 28-Jan-20191.6326
 28-Nov-20184.7107

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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