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DSP Ultra Short Fund - Regular Plan download report

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Debt: Ultra Short Duration

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.03 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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(₹)
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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
DSP Ultra Short Reg-G 1.00 0.01 0.04 -0.02 0.53 1.33 2.77 4.32 4.90 5.58 6.54
CCIL T Bill Liquidity Weight 0.55 0.02 0.03 -0.02 0.25 0.81 1.89 2.76 3.34 3.74 4.28
Debt: Ultra Short Duration 1.04 0.01 0.06 0.01 0.56 1.41 3.29 4.74 5.19 5.91 7.04
Rank within category 20 22 25 19 20 20 22 15 10 9 10
Number of funds in category 27 27 27 27 27 27 27 21 14 14 13

As on 19-May-2022

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 2.77 4.32 4.90 1.02% 3,542
Aditya Birla Sun Life Savings Fund  | Invest Online
4 star
 Nov-01 3.70 5.74 6.50 0.49% 16,314
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 3.18 5.03 6.03 0.49% 14,144
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 3.28 5.20 -- 0.64% 14,076
ICICI Prudential Ultra Short Term Fund  | Invest Now
5 star
 May-11 3.60 5.63 6.32 0.87% 13,266

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 2.76 12-May-2021 - 13-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
DSP Ultra Short Reg-G 4.42 0.62 1.43 4.35 1.39 1.83
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Ultra Short Duration 4.80 1.07 1.54 4.68 1.09 2.01
Rank within category 15 8 14 14 17 13
Number of funds in category 21 21 21 21 21 21

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

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 43 43 36 41
Modified Duration (yrs) 0.33 0.40 0.30 0.35
Average Maturity (yrs) 0.35 0.43 0.32 0.38
Yield to Maturity (%) 4.58 4.58 3.59 4.50
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 Sikka Ports and Terminals 161-D 10/06/2022 Commercial Paper A1+ 0.00 - 6.83 5.62
new Indian Bank 29/06/2022 Certificate of Deposit A1+ 0.00 - 5.61 5.61
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 5.33 4.39
equal Jamnagar Utilities and Power 335-D 21/09/2022 Commercial Paper A1+ 0.00 - 5.05 4.16
equal 8.90% Rajasthan State 20/09/2022 State Development Loan SOV 0.00 - 4.58 3.77
equal Reserve Bank of India 91-D 12/05/2022 Treasury Bills SOV 0.00 - 3.43 2.82
equal Canara Bank 2022 Certificate of Deposit A1+ 0.00 - 3.40 2.80
equal Tata Capital Housing Finance 347-D 28/06/2022 Commercial Paper A1+ 0.00 - 3.41 2.80
new HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 2.79 2.79
equal Canara Bank 22/08/2022 Certificate of Deposit A1+ 0.00 - 3.38 2.79
equal LIC Housing Fin. 287-D 12/09/2022 Commercial Paper A1+ 0.00 - 3.37 2.78
equal Bahadur Chand Investments 364-D 16/09/2022 Commercial Paper A1+ 0.00 - 3.36 2.77
new Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 2.72 2.72
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 3.31 2.72
equal National Bank Agr. Rur. Devp 14/02/2023 Commercial Paper A1+ 0.00 - 3.30 2.71
new 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 2.49 2.49
new 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 2.20 2.20
equal Kirloskar Ferrous Industries 90-D 06/06/2022 Commercial Paper A1+ 0.00 - 2.59 2.13
equal Motilal Oswal Finevest 91-D 20/06/2022 Commercial Paper A1+ 0.00 - 2.55 2.10
equal IIFL Wealth Prime 91-D 14/06/2022 Commercial Paper A1+ 0.00 - 2.55 2.10
equal IDFC First Bank 20/02/2023 Certificate of Deposit A1+ 0.00 - 2.47 2.03
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 1.80 1.48
equal HDFC-Warrant 362-D 22/08/2022 Commercial Paper A1+ 0.00 - 1.69 1.39
equal Motilal Oswal Financial Ser. 179-D 19/08/2022 Commercial Paper A1+ 0.00 - 1.69 1.39
equal HDFC Bank 26/09/2022 Certificate of Deposit A1+ 0.00 - 1.68 1.39

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-2022

Fund Manager

— Karan Mundra since 01-May-2021

Education: Mr. Mundra is a B. COM. and Charted Accountant (CA)

Experience: He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.

Funds Managed:

— 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 19-May-2022

Growth: ₹ 2,792.1619

IDCW Weekly: ₹ 1,003.9322

More

IDCW Monthly: ₹ 1,056.3786

IDCW Daily: ₹ 1,004.0305

IDCW: ₹ 1,093.9896

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

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. 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: 6.71%
Benchmark: CRISIL Ultra Short Duration Fund BI Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,542 Cr (As on 30-Apr-2022)
Expense: 1.02% (As on 30-Apr-2022)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-May-20220.3272

 28-Apr-20220.0206
 27-Apr-20220.0475
 26-Apr-20220.0777
 25-Apr-20220.0710
 24-Apr-20220.2426
 21-Apr-20220.0689
 20-Apr-20220.1815
 19-Apr-20220.2098
 18-Apr-20220.2296
 17-Apr-20220.2791
 06-Apr-20220.1472
 05-Apr-20220.1682
 04-Apr-20220.0509
 03-Apr-20220.4550
 30-Mar-20220.3310
 29-Mar-20220.1608
 28-Mar-20220.1018
 27-Mar-20220.3042
 24-Mar-20220.1668
 23-Mar-20220.1765
 22-Mar-20220.1091
 21-Mar-20220.0658
 20-Mar-20220.4138
 16-Mar-20220.1710
IDCW Monthly28-Apr-20222.8654

 28-Mar-20222.8817
 28-Feb-20222.5335
 28-Jan-20223.2109
 28-Dec-20212.3172
 26-Nov-20212.5674
 28-Oct-20211.5363
 28-Sep-20211.9038
 27-Aug-20212.8254
 28-Jul-20213.0063
 28-Jun-20212.1654
 28-May-20212.1716
 28-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
IDCW Weekly27-Apr-20220.5076

 20-Apr-20220.6208
 17-Apr-20220.2790
 06-Apr-20220.8212
 30-Mar-20221.0647
 23-Mar-20220.7645
 16-Mar-20221.1867
 09-Mar-20220.4549
 02-Mar-20220.2908
 23-Feb-20220.4952
 16-Feb-20220.9843
 09-Feb-20220.8495
 02-Feb-20220.0823
 26-Jan-20220.5686
 19-Jan-20220.4829
 12-Jan-20220.8004
 05-Jan-20221.0397
 29-Dec-20210.8115
 22-Dec-20210.3059
 15-Dec-20210.4118
 08-Dec-20210.5712
 01-Dec-20210.6491
 24-Nov-20210.3338
 17-Nov-20210.6283
 10-Nov-20210.4073
IDCW28-Mar-20228.4661

 28-Dec-20216.2350
 28-Sep-20218.1446
 28-Jun-20217.1294
 26-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: 1800-208-4499 / 1800-200-4499

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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