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3 star

DSP Ultra Short Fund - Regular Plan


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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(₹)
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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 1.74 0.01 0.05 0.29 0.74 1.59 3.11 4.91 5.52 6.25 7.04
CCIL T Bill Liquidity Weight 1.18 -0.01 0.05 0.20 0.55 1.09 2.12 3.48 3.73 4.16 4.59
Debt: Ultra Short Duration 2.06 0.01 0.06 0.41 0.94 1.88 3.69 5.43 5.80 6.55 7.59
Rank within category 22 5 18 20 21 22 21 14 8 10 11
Number of funds in category 27 28 28 28 27 27 26 18 14 14 12

As on 03-Aug-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 3.11 4.91 5.52 1.00 3,244
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 4.59 7.09 7.22 0.51 18,789
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 4.07 -- -- 0.64 16,034
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.67 6.41 6.63 0.49 12,142
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.58 6.25 6.55 0.77 10,545

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 3.06 13-Jul-2020 - 13-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.83 0.92 0.77 0.92 1.29 1.60
CCIL T Bill Liquidity Weight 3.44 0.39 -1.76 -4.38 -- --
Debt: Ultra Short Duration 5.33 1.61 1.64 3.37 1.15 1.99
Rank within category 14 12 12 13 10 12
Number of funds in category 18 18 18 18 18 18

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

As on 31-Jul-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 41 41 34 40
Modified Duration (yrs) 0.40 0.44 0.28 0.40
Average Maturity (yrs) 0.42 0.46 0.29 0.43
Yield to Maturity (%) 3.82 3.82 3.35 4.13
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 Export-Import Bank 14/12/2021 Certificate of Deposit A1+ 0.00 - 7.58 7.58
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 6.52 6.52
down 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 7.96 5.35
equal 7.47% Power Finance Corporation 16/09/2021 Bonds AAA 0.00 - 4.60 4.60
equal National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 4.59 4.59
equal Bharti Hexacom 183-D 29/10/2021 Commercial Paper A1+ 0.00 - 3.50 3.50
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 3.24 3.24
equal 7.50% Power Finance Corporation 16/08/2021 Debenture AAA 0.00 - 3.76 3.13
equal Axis Bank 17/09/2021 Certificate of Deposit A1+ 0.00 - 3.06 3.06
equal Indusind Bank 15/09/2021 Certificate of Deposit A1+ 0.00 - 3.06 3.06
new Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 3.04 3.04
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 3.04 3.04
new Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 3.03 3.03
new Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 3.03 3.03
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 3.01 3.01
equal Cholamandalam Investment & Finance Company 266-D 28/01/2022 Commercial Paper A1+ 0.00 - 3.01 3.01
equal IDFC First Bank 14/03/2022 Certificate of Deposit A1+ 0.00 - 3.00 3.00
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 3.00 3.00
equal Tata Realty and Infrastructure 201-D 27/09/2021 Commercial Paper A1+ 0.00 - 2.59 2.59
equal Muthoot Finance 2021 Non Convertible Debenture AA+ 0.00 - 2.52 2.52
new 7.20% Cholamandalam Investment & Finance Company 17/06/2022 Debenture AA+ 0.00 - 1.89 1.89
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 1.83 1.66
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.62 1.62
equal National Bank Agr. Rur. Devp 164-D 30/07/2021 Commercial Paper A1+ 0.00 - 1.54 1.54
equal IDFC First Bank 2021 Certificate of Deposit A1+ 0.00 - 1.52 1.52

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-Jun-2021

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:


0.01%

Change from previous, NAV as on 03-Aug-2021

Growth: ₹ 2,734.1910

IDCW Weekly: ₹ 1,005.4247

More

IDCW Monthly: ₹ 1,056.8297

IDCW Daily: ₹ 1,005.4914

IDCW: ₹ 1,093.8570


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: 6.93%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,244 Cr (As on 30-Jun-2021)
Expense: 1.00% (As on 30-Jun-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-Aug-20210.0894

 01-Aug-20210.2120
 29-Jul-20210.0783
 28-Jul-20210.0954
 27-Jul-20210.0477
 26-Jul-20210.1210
 25-Jul-20210.2272
 22-Jul-20210.1498
 21-Jul-20210.1724
 19-Jul-20210.1406
 18-Jul-20210.2177
 15-Jul-20210.1401
 14-Jul-20210.0990
 13-Jul-20210.1034
 12-Jul-20210.1148
 11-Jul-20210.2584
 08-Jul-20210.0738
 07-Jul-20210.1331
 06-Jul-20210.1402
 05-Jul-20210.0490
 04-Jul-20210.2774
 01-Jul-20210.0986
 30-Jun-20210.1724
 29-Jun-20210.1214
 28-Jun-20210.0972
IDCW Monthly28-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
 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
IDCW Weekly28-Jul-20210.6409

 21-Jul-20210.6707
 14-Jul-20210.6493
 07-Jul-20210.6982
 30-Jun-20210.6958
 23-Jun-20210.6273
 16-Jun-20210.2170
 09-Jun-20210.7063
 02-Jun-20210.4976
 26-May-20210.5009
 19-May-20210.4935
 13-May-20210.4714
 05-May-20210.4903
 28-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
IDCW28-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: 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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