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4 star

DSP Corporate Bond Fund - Regular Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable 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 8.51 -0.01 0.03 0.82 1.61 6.09 9.72 -- -- -- --
VR Bond 6.44 -0.02 0.22 0.84 0.65 2.96 7.40 -- -- -- --
Debt: Corporate Bond 8.75 -0.01 0.14 1.38 1.75 6.18 9.94 -- -- -- --
Rank within category 15 6 19 19 15 15 13 -- -- -- --
Number of funds in category 20 21 21 20 20 20 20 15 13 10 8

As on 28-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Corporate Bond Fund - Regular Plan  | Invest Online
4 star
Sep-18 9.72 -- -- 0.48 1,269
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 11.69 9.13 8.98 0.44 20,645
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 11.59 9.05 9.05 0.61 20,526
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
Jun-09 10.77 8.61 8.55 0.59 15,201
L&T Triple Ace Bond Fund  | Invest Online
4 star
Mar-97 13.34 9.79 8.54 0.62 5,301

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.76 (24-Mar-2020 - 31-Mar-2020) -1.87 (12-Mar-2020 - 19-Mar-2020)
Month 3.46 (24-Mar-2020 - 23-Apr-2020) -2.32 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.70 (24-Mar-2020 - 24-Jun-2020) -0.63 (23-Dec-2019 - 23-Mar-2020)
Year 13.06 (31-Oct-2018 - 31-Oct-2019) 7.08 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.51 2.09 0.69 1.28 -- --
Debt: Corporate Bond* 7.06 2.89 1.06 2.06 0.60 1.14
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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 37 40 28 75
Modified Duration (yrs) 1.44 2.09 1.44 2.45
Average Maturity (yrs) 1.60 2.45 1.60 3.09
Yield to Maturity (%) 4.58 6.85 4.58 5.35
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
up 7.93% NTPC 2022 Non Convertible Debenture AAA 3.16 - 7.84 7.71
up 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 6.46 6.46
equal 8.30% Reliance Industries 2022 Debenture AAA 1.97 - 6.88 5.99
equal 8.20% Power Grid Corporation 23/01/2022 Bonds/NCDs AAA 3.67 - 7.41 5.93
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 5.68 - 9.35 5.68
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.00 - 6.30 5.12
equal 8.58% HDFC 18/03/2022 Debenture AAA 5.11 - 6.78 5.11
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 2.99 - 6.53 4.89
up 6.80% HPCL 15/12/2022 Debenture AAA 0.66 - 7.71 4.75
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 2.15 - 5.41 4.29
equal 6.99% Ultratech Cement 24/11/2021 Debenture AAA 3.73 - 6.07 3.73
equal 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 3.30 - 6.37 3.32
equal 8.45% REC 22/03/2022 Debenture AAA 3.19 - 4.75 3.19
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 3.15 - 5.17 3.15
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 2.98 - 4.85 2.98
new 6.60% REC 21/03/2022 Debenture AAA 0.00 - 2.90 2.90
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 1.93 - 2.94 2.22
up 9.10% Export-Import Bank 15/06/2022 Bonds AAA 1.88 - 2.85 2.17
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 2.12 - 3.45 2.12
equal 9.30% Export-Import Bank 2022 Bonds AAA 1.00 - 2.22 1.79
new 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 1.76 1.76
equal 7.46% REC 28/02/2022 Non Convertible Debenture AAA 1.70 - 2.76 1.70
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 2.23 1.69
new 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 0.00 - 1.31 1.31
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 5.53 1.31

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

— Saurabh Bhatia since 23-Aug-2018

Education: Mr. Bhatia holds Post Graduation Diploma in Business Management, Finance.

Experience: Prior to joining DSPBR Mutual Fund, had worked with ICICI Bank, HSBC Global Asset Management.

Funds Managed:

— Vikram Chopra since 23-Aug-2018

Education: Mr. Chopra is B.Com (H) and MBA from Institute of Management.

Experience: Prior to joining DSP Mutual Fund he has worked with L&T Mutual Fund, IDBI Bank Ltd. and Axis Bank Ltd.

Funds Managed:


-0.01%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 12.5278

Dividend Quarterly: ₹ 10.4950

More

Dividend Monthly: ₹ 10.4710

Dividend: ₹ 11.7454


Investment Strategy

The Scheme seeks to generate regular income and capital appreciation commensurate with risk from a portfolio predominantly investing in corporate debt securities across maturities which are rated AA+ and above, in addition to debt instruments issued by central and state governments and money market 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: 10-Sep-2018
Return Since Launch: 11.14%
Benchmark: CRISIL Composite Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,269 Cr (As on 30-Sep-2020)
Expense: 0.48% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Sep-20200.0293

 28-Aug-20200.0285
 28-Jul-20200.0666
 26-Jun-20200.1596
 28-May-20200.2219
 28-Apr-20200.0396
 27-Mar-20200.0188
 28-Feb-20200.0591
 28-Jan-20200.0664
 27-Dec-20190.0053
 28-Nov-20190.0756
 25-Oct-20190.0810
 27-Sep-20190.0151
 28-Aug-20190.1065
 26-Jul-20190.0864
 28-Jun-20190.0276
 28-May-20190.1093
 28-Mar-20190.1159
 28-Feb-20190.0500
 28-Jan-20190.0614
 28-Dec-20180.0720
Dividend Quarterly28-Sep-20200.1365

 26-Jun-20200.5728
 27-Dec-20190.1592
 27-Sep-20190.2395
 28-Jun-20190.1465
 28-Mar-20190.2142
 28-Dec-20180.0720
Dividend27-Mar-20200.5291

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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