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Unrated

DSP Corporate Bond Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 1.78 0.05 0.11 1.33 2.28 5.21 11.40 -- -- -- --
VR Bond 1.60 0.10 0.30 1.43 2.37 3.01 8.80 -- -- -- --
Debt: Corporate Bond 2.00 0.08 0.24 1.63 2.58 4.91 8.99 -- -- -- --
Rank within category 14 14 17 16 15 8 5 -- -- -- --
Number of funds in category 18 18 18 18 18 18 17 12 11 7 5

As on 17-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.92 (06-Feb-2019 - 13-Feb-2019) -0.42 (02-Apr-2019 - 09-Apr-2019)
Month 2.28 (01-Mar-2019 - 02-Apr-2019) -0.57 (02-Apr-2019 - 02-May-2019)
Quarter 4.00 (09-May-2019 - 08-Aug-2019) 1.34 (02-Apr-2019 - 02-Jul-2019)
Year 13.06 (31-Oct-2018 - 31-Oct-2019) 10.81 (14-Jan-2019 - 14-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.03 2.13 0.17 0.31 -- --
Debt: Corporate Bond* 6.27 2.58 0.58 1.06 0.60 0.39
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 38 38 20 68
Modified Duration (yrs) 1.97 2.51 1.97 2.51
Average Maturity (yrs) 2.28 2.99 2.28 3.25
Yield to Maturity (%) 6.69 8.16 6.64 7.21

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 9.35 9.35
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 7.71 7.13
up 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 0.00 - 6.37 6.37
up 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 9.75 6.10
equal 8.20% Power Grid Corporation 23/01/2022 Bonds/NCDs AAA 0.70 - 5.66 4.86
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.57 4.24
equal 6.99% Ultratech Cement 24/11/2021 Debenture AAA 4.16 - 8.43 4.16
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 5.53 4.15
equal 8.45% REC 22/03/2022 Debenture AAA 0.00 - 5.34 3.82
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 8.75 3.56
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 3.50 - 8.28 3.50
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 4.91 3.33
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 5.92 3.16
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.00 - 5.10 2.52
equal 9.22% Bajaj Finance 2022 Zero Coupon Bonds AAA 0.00 - 9.58 2.43
up 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.88 - 4.60 2.39
new REC 13/12/2022 Debenture AAA 0.00 - 2.37 2.37
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 2.14 - 6.40 2.14
equal 9.10% Export-Import Bank 15/06/2022 Bonds AAA 0.00 - 4.33 2.09
equal 7.46% REC 28/02/2022 Non Convertible Debenture AAA 2.02 - 8.39 2.02
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 2.16 2.00
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 2.48 1.68
equal 6.70% IRFC 24/11/2021 Bonds/NCDs AAA 1.63 - 7.47 1.63
equal NTPC 2023 Bonds AAA 1.60 - 9.30 1.60
equal 8.54% Bajaj Finance 2022 Debenture AAA 0.00 - 1.89 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 31-Jan-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:


0.05%

Change from previous, NAV as on 17-Feb-2020

Growth: ₹ 11.7501

Dividend Quarterly: ₹ 10.5220

More

Dividend Monthly: ₹ 10.4560

Dividend: ₹ 11.7501


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: 11.87%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,069 Cr (As on 31-Jan-2020)
Expense: 0.51% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-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 Quarterly27-Dec-20190.1592

 27-Sep-20190.2395
 28-Jun-20190.1465
 28-Mar-20190.2142
 28-Dec-20180.0720

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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dateFriday, 28-Feb-2020
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