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Unrated

DSP FMP Series 238-36M - Direct Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.11 Lakh

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from 3 months to 5 years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

If you are looking to invest for a defined tenure during which you are sure you will not need to redeem your money, you may consider investing in an FMP of a matching duration. But avoid them if your investment horizon is more than 3 years. We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. That makes FMPs unsuitable.

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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(₹)
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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 5.50 0.09 0.27 1.41 3.35 5.22 10.69 -- -- -- --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 -- -- -- --
Debt: FMP 5.55 0.03 0.30 1.42 3.75 5.23 9.94 -- -- -- --
Rank within category 310 13 384 281 383 305 240 -- -- -- --
Number of funds in category 617 628 628 628 625 618 600 42 4 0 0

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP FMP Series 238-36M - Direct Plan
Unrated
Jul-18 10.69 -- -- 0.35 431
Nippon India Fixed Horizon Fund XXXVIII - Series 6 - Direct Plan
Unrated
Jul-18 9.43 -- -- -- 1,857
Kotak FMP Series 252 - 1261 Days - Direct Plan
Unrated
Nov-18 11.83 -- -- -- 1,263
ICICI Prudential Fixed Maturity Plan - Series 82 1185 Days Plan I - Direct Plan
Unrated
Feb-18 9.80 -- -- -- 1,094
HDFC Fixed Maturity Plan - 1158 Days - February 2018 (1) - Direct Plan
Unrated
Feb-18 9.68 -- -- 0.03 1,038

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.70 (24-Mar-2020 - 31-Mar-2020) -1.16 (12-Mar-2020 - 19-Mar-2020)
Month 2.06 (01-Mar-2019 - 02-Apr-2019) -1.34 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.12 (26-Mar-2020 - 25-Jun-2020) 0.61 (02-Apr-2019 - 02-Jul-2019)
Year 11.26 (28-Jun-2019 - 29-Jun-2020) 7.81 (27-Mar-2019 - 26-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: FMP* 6.94 1.66 1.19 1.67 2.82 5.09
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 19 -- 16
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.50% SIDBI 21/06/2021 Debenture AAA 9.60 - 10.17 10.15
equal 9.19% Indostar Capital Finance 15/04/2021 Non Convertible Debenture AA- 9.82 - 10.00 9.98
equal Fullerton India Credit 29/07/2021 Bonds/NCDs AAA 0.00 - 9.95 9.95
equal IIFL Home Finance 26/07/2021 Zero Coupon Bonds AA 9.44 - 9.65 9.53
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 9.19 - 9.99 9.27
equal 9.75% Muthoot Finance 26/07/2021 Bonds/NCDs AA 9.09 - 10.04 9.17
equal 7.50% Adani Ports and Special Economic Zone 15/06/2021 Bonds/NCDs AA+ 0.00 - 9.01 9.01
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA 8.94 - 9.30 8.94
equal 9.57% IRFC 31/05/2021 Bonds AAA 8.58 - 9.41 8.60
equal 9.15% Coastal Gujarat Power 14/06/2021 Debenture AA 0.00 - 5.13 5.09
equal 8.40% Tata Motors 26/05/2021 Debenture AA- 0.00 - 5.09 4.65
equal 7.70% REC 15/03/2021 Bonds/NCDs AAA 1.60 - 1.74 1.61
equal 8.60% Bajaj Housing Finance 2021 Non Convertible Debenture AAA 1.01 - 1.11 1.02
new 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 1.02 1.02
equal 8.95% Crompton Greaves Consumer Electricals 24/06/2021 Debenture AA+ 0.75 - 0.77 0.77
equal 7.48% Bennet Coleman & Company 26/04/2021 Bonds/NCDs AAA 0.61 - 0.66 0.62
equal 8.65% Tata Capital Financial Services 26/03/2021 Bonds/NCDs AAA 0.00 - 0.42 0.38
equal 7.40% Tata Motors 29/06/2021 Bonds AA- 0.00 - 0.25 0.24
equal 9.40% REC 17/07/2021 Bonds AAA 0.05 - 0.06 0.05

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-May-2020

Fund Manager

— Laukik Bagwe since 10-Jul-2018

Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)

Experience: Prior to joining DSPBR he has worked with Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.

Funds Managed:


0.09%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 11.9661

Dividend: ₹ 11.9656


Investment Strategy

The scheme seeks to generate returns and capital appreciation by investing in a portfolio of Debt and Money Market Securities.

Tenure (Days) 1080
Maturity date 29-Jul-2021

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 12-Jul-2018
Return Since Launch: 9.42%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Closed-end

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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