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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
₹ 1.23 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 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 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 a 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 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 4.17 0.01 0.08 0.39 0.87 2.26 5.20 5.80 6.24 6.91 7.44
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 4.76
Debt: Ultra Short Duration 4.48 0.01 0.08 0.41 1.03 2.55 5.64 6.00 6.56 7.26 7.97
Rank within category 17 14 16 17 20 19 19 10 11 12 11
Number of funds in category 26 28 28 27 27 27 25 15 15 14 12

As on 23-Oct-2020

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 5.20 5.80 6.24 1.00 2,621
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 7.38 7.71 8.01 0.48 14,532
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 6.73 -- -- 0.64 11,967
Kotak Savings Fund Regular Plan  | Invest Online
4 star
 Aug-04 6.29 7.11 7.32 0.77 11,072
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 6.39 7.43 7.35 0.49 10,122

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 5.68 0.89 0.69 0.69 1.30 2.12
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Ultra Short Duration 6.01 1.57 1.68 3.32 1.07 2.18
Rank within category 13 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 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 37 49 34 35
Modified Duration (yrs) 0.44 0.46 0.34 0.37
Average Maturity (yrs) 0.46 0.49 0.35 0.45
Yield to Maturity (%) 3.78 6.06 3.58 4.54
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
new Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 11.27 11.27
up 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 6.72 6.72
equal Bank of Baroda 16/10/2020 Certificate of Deposit A1+ 0.00 - 6.15 5.72
down National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 6.19 4.91
new 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 4.72 4.72
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 4.12 4.01
equal HDFC Securities 180-D 19/01/2021 Commercial Paper A1+ 0.00 - 3.87 3.77
equal SIDBI 28/01/2021 Commercial Paper A1+ 0.00 - 4.13 3.77
new 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 3.76 3.76
equal SIDBI 13/01/2021 Commercial Paper A1+ 0.00 - 3.57 3.21
equal Bank of Baroda 25/11/2020 Certificate of Deposit A1+ 0.00 - 2.93 2.85
up National Bank Agr. Rur. Devp 327-D 10/03/2021 Commercial Paper A1+ 0.00 - 2.85 2.85
new Julius Baer Capital 180-D 22/03/2021 Commercial Paper A1+ 0.00 - 2.80 2.80
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 4.38 2.78
new 6.95% LIC Housing Fin. 2021 Debenture AAA 0.00 - 1.98 1.98
new 7.55% REC 26/09/2021 Debenture AAA 0.00 - 1.97 1.97
new 7.47% Power Finance Corp. 16/09/2021 Bonds AAA 0.00 - 1.97 1.97
up 7.70% REC 15/03/2021 Bonds/NCDs AAA 0.00 - 1.91 1.91
down Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 5.86 1.90
equal Axis Bank 29/12/2020 Certificate of Deposit A1+ 0.00 - 3.62 1.89
up HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 1.88 1.88
new Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 1.88 1.88
new Reliance Industries 283-D 11/06/2021 Commercial Paper A1+ 0.00 - 1.86 1.86
new Deutsche Investments 175-D 12/03/2021 Commercial Paper A1+ 0.00 - 1.86 1.86
up ICICI Bank 15/01/2021 Certificate of Deposit A1+ 0.00 - 2.07 1.56

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-Sep-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 23-Oct-2020

Growth: ₹ 2,672.8420

Dividend Weekly: ₹ 1,005.1159

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Dividend Monthly: ₹ 1,058.1185

Dividend Daily: ₹ 1,005.4914

Dividend: ₹ 1,090.2824

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: 7.15%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,621 Cr (As on 30-Sep-2020)
Expense: 1.00% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Oct-20200.0706

 21-Oct-20200.1195
 20-Oct-20200.1039
 19-Oct-20200.1796
 18-Oct-20200.2896
 15-Oct-20200.1858
 14-Oct-20200.1569
 13-Oct-20200.1448
 12-Oct-20200.0874
 11-Oct-20200.2814
 08-Oct-20200.3228
 07-Oct-20200.1482
 06-Oct-20200.2870
 05-Oct-20200.2913
 04-Oct-20200.4240
 30-Sep-20200.1459
 29-Sep-20200.1539
 28-Sep-20200.1143
 25-Sep-20200.2598
 24-Sep-20200.1115
 23-Sep-20200.0299
 22-Sep-20200.0600
 21-Sep-20200.0778
 18-Sep-20200.2916
 17-Sep-20200.0104
Dividend Weekly21-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
 15-Jul-20200.5416
 08-Jul-20200.9674
 01-Jul-20200.8686
 24-Jun-20200.8755
 17-Jun-20201.5081
 10-Jun-20200.8001
 27-May-20200.9143
 20-May-20202.2590
 13-May-20201.9951
 07-May-20201.5518
 22-Apr-20204.2666
Dividend28-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-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
 26-Oct-20181.7315
 28-Aug-20184.1187
 27-Jul-20183.9116

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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