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4 star

DSP Corporate Bond Fund - Regular Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 3.25 0.03 0.10 0.39 0.77 1.83 3.41 8.09 -- -- --
VR Bond 2.68 0.01 0.10 0.60 1.14 2.12 2.88 6.14 -- -- --
Debt: Corporate Bond 3.41 0.04 0.10 0.48 0.62 2.09 3.67 7.85 -- -- --
Rank within category 14 11 11 18 5 17 15 8 -- -- --
Number of funds in category 20 21 21 21 21 21 20 17 13 12 9

As on 06-Dec-2021

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 3.41 8.09 -- 0.50% 2,135
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 4.38 8.85 7.62 0.61% 28,807
ICICI Prudential Corporate Bond Fund  | Invest Now
5 star
Jun-09 4.49 8.34 7.30 0.58% 20,838
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 4.35 8.64 7.65 0.46% 19,779
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
Sep-07 3.99 7.84 7.41 0.69% 10,858

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.33 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.93 1.92 2.16 7.37 0.47 3.00
VR Bond 6.20 2.04 1.18 1.59 -- --
Debt: Corporate Bond 7.71 2.50 1.78 3.33 0.64 2.38
Rank within category 8 5 5 1 6 3
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 36 41 32 111
Modified Duration (yrs) 0.57 1.22 0.42 --
Average Maturity (yrs) 0.67 1.34 0.44 --
Yield to Maturity (%) 4.05 4.30 3.63 --
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 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 15.18 15.16
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 3.50 - 8.52 8.52
down 8.30% Reliance Industries 2022 Debenture AAA 7.50 - 9.91 7.50
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 5.74 - 8.70 7.46
down 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 4.75 - 9.52 5.99
down 8.58% HDFC 18/03/2022 Debenture AAA 4.98 - 8.12 4.98
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.55 - 8.03 4.76
equal 8.81% SIDBI 25/01/2022 Debenture AAA 3.06 - 4.68 3.98
new 6.40% Jamnagar Utilities and Power 29/09/2026 Non Convertible Debenture AAA 0.00 - 3.52 3.52
equal 8.20% Power Grid Corporation 23/01/2022 Bonds/NCDs AAA 2.64 - 4.01 3.43
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.89 - 3.32 3.29
equal 8.45% REC 22/03/2022 Debenture AAA 2.45 - 3.57 3.05
equal 7.95% SIDBI 26/04/2022 Debenture AAA 2.30 - 3.48 2.98
equal 7.95% Sikka Ports and Terminals 28/10/2026 Debenture AAA 0.00 - 2.50 2.50
equal Bajaj Finance 365-D 17/02/2022 Commercial Paper A1+ 0.00 - 2.32 2.32
new 7.49% Indian Railway Finance Corporation 30/05/2027 Debenture AAA 0.00 - 2.07 2.07
new 7.27% Indian Railway Finance Corporation 15/06/2027 Bonds AAA 0.00 - 1.28 1.28
equal 7.83% Indian Railway Finance Corporation 21/03/2027 Bonds AAA 0.00 - 1.27 1.27
equal 7.95% LIC Housing Fin. 24/03/2022 Bonds AAA 0.00 - 1.25 1.25
equal 6.58% Gujarat State 31/03/2027 State Development Loan SOV 0.00 - 1.21 1.21
equal Bajaj Finance 365-D 16/02/2022 Commercial Paper A1+ 0.00 - 3.21 1.16
equal 9.30% Export-Import Bank 2022 Bonds AAA 0.79 - 1.22 1.03
equal 7.46% REC 28/02/2022 Non Convertible Debenture AAA 0.77 - 1.16 1.00
equal 8.69% LIC Housing Fin. 19/04/2022 Zero Coupon Bonds AAA 0.18 - 0.95 0.95
equal 7.30% Power Grid Corporation 19/06/2027 Debenture AAA 0.00 - 0.76 0.76

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-Nov-2021

*As on 31-Oct-2021

Fund Manager

— Karan Mundra since 17-Jul-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:

— Vivekanand Ramakrishnan since 17-Jul-2021

Education: Mr. Ramakrishnan is a B.Tech from IIT Madras, MS and PHD from University of Southern California.

Experience: Prior to joining DSP Investment Managers. He has worked with ICICI Prudential Mutual Fund, Standard Chartered Bank, Vikram Ispat as Marketing Executive and with CRISIL as manager-rating.

Funds Managed:


0.03%

Change from previous, NAV as on 06-Dec-2021

Growth: ₹ 13.0394

IDCW Quarterly: ₹ 10.5248

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IDCW Monthly: ₹ 10.4208

IDCW: ₹ 11.3560


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 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 10-Sep-2018
Return Since Launch: 8.53%
Benchmark: CRISIL Composite Bond Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,135 Cr (As on 30-Nov-2021)
Expense: 0.50% (As on 31-Oct-2021)
Risk Grade: Low
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly26-Nov-20210.0317

 28-Oct-20210.0239
 28-Sep-20210.0188
 27-Aug-20210.0358
 28-Jul-20210.0399
 28-Jun-20210.0236
 28-May-20210.0231
 28-Apr-20210.0460
 26-Mar-20210.0345
 26-Feb-20210.0253
 28-Dec-20200.0124
 27-Nov-20200.0640
 28-Oct-20200.0881
 28-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
IDCW Quarterly28-Sep-20210.1004

 28-Jun-20210.0946
 26-Mar-20210.0349
 28-Dec-20200.1606
 28-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
IDCW26-Mar-20210.8471

 27-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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