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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:
|YTD||1 Month||3 Months||1 Years||3 Years||5 Years||10 Years|
|CCIL T Bill Liquidity Weight||4.21||0.30||0.89||4.41||--||--||--|
|Rank within category||94||511||267||70||--||--||--|
|Number of funds in category||573||711||706||549||18||7||0|
As on 13-Dec-2019
|Best (Period)||Worst (Period)|
|Month||2.04 (01-Mar-2019 - 02-Apr-2019)||-0.33 (03-Apr-2019 - 03-May-2019)|
|Quarter||3.59 (01-Jan-2019 - 02-Apr-2019)||1.51 (02-Apr-2019 - 02-Jul-2019)|
|Year||12.21 (31-Oct-2018 - 31-Oct-2019)||11.00 (03-Sep-2018 - 03-Sep-2019)|
|CCIL T Bill Liquidity Weight*||4.11||0.25||-6.57||-10.84||--||--|
|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 30-Nov-2019
|Fund||1Y High||1Y Low||Category|
|Number of Securities||16||16||15|
|Modified Duration (yrs)||--||--||--||--|
|Average Maturity (yrs)||--||--||--||--|
|Yield to Maturity (%)||--||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|7.67% LIC Housing Fin. 29/07/2021||Bonds||AAA||9.46 - 10.35||9.61|
|8.36% Ultratech Cement 2021||Debenture||AAA||9.18 - 10.00||9.20|
|8.14% Bajaj Housing Finance 2021||Debenture||AAA||9.17 - 9.93||9.17|
|8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021||Debenture||AAA||8.67 - 9.41||8.69|
|7.65% IRFC 15/03/2021||Debenture||AAA||7.38 - 9.20||8.56|
|7.50% Power Finance Corp. 16/08/2021||Debenture||AAA||8.44 - 9.06||8.47|
|Kotak Mahindra Prime 2021||Deep Discount Bonds||AAA||6.26 - 6.34||6.32|
|8.50% SIDBI 21/06/2021||Debenture||AAA||6.06 - 6.59||6.08|
|9.40% REC 17/07/2021||Bonds||AAA||5.84 - 6.40||5.87|
|Axis Finance 2021||Debenture||AAA||5.54 - 5.61||5.60|
|9.30% Power Grid Corporation 28/06/2021||Bonds||AAA||5.03 - 5.49||5.04|
|8.40% Power Grid Corporation 27/05/2021||Debenture||AAA||4.34 - 4.71||4.34|
|8.40% SIDBI 2021||Debenture||AAA||3.49 - 4.12||3.82|
|7.70% REC 15/03/2021||Bonds/NCDs||AAA||3.14 - 3.73||3.73|
|Kotak Mahindra Prime 27/05/2021||Bonds/NCDs||AAA||2.83 - 2.87||2.85|
|8.70% HDFC 15/12/2020||Debenture||AAA||0.00 - 1.80||1.80|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Nov-2019
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.
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The scheme seeks to generate returns and capital appreciation by investing in a portfolio of Debt and Money Market Securities.
|Fund House:||DSP Mutual Fund|
|Benchmark:||CRISIL Composite Bond|
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
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
Email: [email protected]