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DSP Ultra Short Fund - Regular Plan

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Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 is negligible but they do not guarantee returns or safety of capital.

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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one year in a Liquid fund.

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 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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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 0.78 0.02 0.08 0.47 1.29 3.00 6.99 6.09 6.69 7.35 7.43
CCIL T Bill Liquidity Weight* 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Ultra Short Duration* 0.72 0.05 0.09 0.52 1.28 2.82 5.98 5.84 6.76 7.73 7.86

As on 20-Feb-2020

* As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.56 (29-Aug-2013 - 05-Sep-2013) -0.95 (17-Dec-2018 - 24-Dec-2018)
Month 1.51 (30-Aug-2013 - 01-Oct-2013) -0.46 (27-Aug-2018 - 26-Sep-2018)
Quarter 3.30 (24-Jul-2013 - 23-Oct-2013) 0.69 (27-Jun-2018 - 26-Sep-2018)
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 5.92 0.85 0.30 0.27 1.46 2.59
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Ultra Short Duration 6.14 1.64 1.35 3.07 1.48 2.85

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 47 66 44 40
Modified Duration (yrs) 0.37 0.46 0.35 0.36
Average Maturity (yrs) 0.40 0.49 0.37 0.43
Yield to Maturity (%) 5.84 8.06 5.65 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 7.96 6.79
up 8.53% Power Finance Corp. 24/07/2020 Bonds/Debentures AAA 0.00 - 5.57 5.57
new Kotak Mahindra Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 3.98 3.98
equal Bajaj Finance 366-D 24/06/2020 Commercial Paper A1+ 0.00 - 4.09 3.97
equal 6.87% REC 24/09/2020 Debenture AAA 0.00 - 4.09 3.97
equal Axis Bank 24/07/2020 Certificate of Deposit A1+ 0.00 - 4.07 3.95
equal Kotak Mahindra Prime 264-D 20/07/2020 Commercial Paper A1+ 0.00 - 4.06 3.95
new Axis Bank 29/04/2020 Certificate of Deposit A1+ 0.00 - 3.01 3.01
new Export-Import Bank 180-D 27/05/2020 Commercial Paper A1+ 0.00 - 2.99 2.99
equal HDFC 337-D 26/05/2020 Commercial Paper A1+ 0.00 - 3.08 2.99
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 3.08 2.99
equal Standard Chartered Invest&Loan 176-D 09/06/2020 Commercial Paper A1+ 0.00 - 2.24 2.18
equal 7.78% LIC Housing Fin. 24/06/2020 Debenture AAA 0.00 - 2.20 2.14
equal 8.37% REC 14/08/2020 Bonds AAA 0.00 - 2.14 2.08
equal 6.83% REC 29/06/2020 Debenture AAA 0.00 - 2.24 2.04
equal Tata Capital Financial Services 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 2.05 2.00
new Reliance Industries 166-D 05/05/2020 Commercial Paper A1+ 0.00 - 2.00 2.00
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 2.06 2.00
equal Axis Bank 29/06/2020 Certificate of Deposit A1+ 0.00 - 2.05 1.99
equal SIDBI 24/06/2020 Certificate of Deposit A1+ 0.00 - 2.05 1.99
equal Reliance Industries 179-D 29/05/2020 Commercial Paper A1+ 0.00 - 2.05 1.99
equal Indian Bank 15/07/2020 Certificate of Deposit A1+ 0.00 - 2.04 1.98
down ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 3.03 1.96
equal Kotak Mahindra Bank 23/10/2020 Certificate of Deposit A1+ 0.00 - 3.34 1.95
equal Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 1.99 1.94

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-Jan-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:

— Rahul Vekaria since 14-Feb-2018

Education: Mr. Vakaria is CA and pursuing CFA Level II.

Experience: Prior to joining DSP Mutual Fund he has worked with Axis mutual Fund as a Fund Manager.

Funds Managed:

Invest Online
0.02%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 2,586.0193

Dividend Weekly: ₹ 1,004.0497

More

Dividend Monthly: ₹ 1,056.2759

Dividend Daily: ₹ 1,004.2306

Dividend: ₹ 1,085.4323

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 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 31-Jul-2006
Return Since Launch: 7.25%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,461 Cr (As on 31-Jan-2020)
Expense: 1.00% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily19-Feb-20200.1208

 17-Feb-20200.0765
 16-Feb-20200.2736
 13-Feb-20200.1064
 12-Feb-20200.1178
 11-Feb-20200.0706
 10-Feb-20200.1941
 09-Feb-20200.3186
 06-Feb-20200.1862
 05-Feb-20200.2395
 04-Feb-20200.0983
 03-Feb-20200.1246
 02-Feb-20200.3271
 30-Jan-20200.0737
 29-Jan-20200.0814
 28-Jan-20200.1173
 27-Jan-20200.0562
 26-Jan-20200.2902
 23-Jan-20200.1327
 22-Jan-20200.1900
 21-Jan-20200.0952
 20-Jan-20200.1153
 19-Jan-20200.2945
 16-Jan-20200.1324
 15-Jan-20200.0265
Dividend Weekly19-Feb-20200.5773

 12-Feb-20200.8874
 05-Feb-20200.8618
 29-Jan-20200.6779
 22-Jan-20200.8276
 15-Jan-20200.4030
 08-Jan-20200.9626
 01-Jan-20200.9136
 25-Dec-20190.4220
 18-Dec-20190.6384
 11-Dec-20190.7909
 04-Dec-20190.3461
 27-Nov-20190.8063
 20-Nov-20191.0736
 13-Nov-20190.8031
 06-Nov-20190.4021
 30-Oct-20191.2266
 23-Oct-20190.8121
 16-Oct-20191.2299
 09-Oct-20190.9772
 02-Oct-20191.5315
 25-Sep-20190.1592
 18-Sep-20190.7172
 11-Sep-20190.8865
 04-Sep-20190.9941
Dividend Monthly28-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
 26-Oct-20181.7315
 28-Aug-20184.1187
 27-Jul-20183.9116
 28-Jun-20185.3248
 28-May-20182.1358
 27-Apr-20181.8270
 28-Mar-20185.4497
 28-Feb-20183.8810
 25-Jan-20182.6649
 28-Dec-20172.6802
 28-Nov-20173.2685
Dividend27-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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