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4 star

DSP Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 1.67 0.04 0.11 0.34 1.35 1.86 6.14 -- -- -- --
VR Bond 0.81 0.06 0.26 0.30 1.67 0.99 3.52 -- -- -- --
Debt: Corporate Bond 1.83 0.03 0.26 0.67 2.45 2.13 7.33 -- -- -- --
Rank within category 14 11 21 21 20 16 18 -- -- -- --
Number of funds in category 20 21 21 21 20 20 19 15 13 11 0

As on 14-Jun-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 - Direct Plan  | Invest Online
4 star
Sep-18 6.14 -- -- 0.25 2,721
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.05 9.64 8.71 0.30 24,669
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 7.46 9.19 8.43 0.27 19,871
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 7.25 8.76 8.44 0.29 9,646
Axis Corporate Debt Fund - Direct Plan
4 star
Jul-17 8.94 8.94 -- 0.24 4,566

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.77 24-Mar-2020 - 31-Mar-2020 -1.87 12-Mar-2020 - 19-Mar-2020
Month 3.48 24-Mar-2020 - 23-Apr-2020 -2.30 20-Feb-2020 - 23-Mar-2020
Quarter 6.77 24-Mar-2020 - 24-Jun-2020 -0.57 23-Dec-2019 - 23-Mar-2020
Year 13.35 31-Oct-2018 - 31-Oct-2019 6.15 11-Jun-2020 - 11-Jun-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.84 2.05 1.24 1.72 -- --
Debt: Corporate Bond* 8.67 2.43 2.03 3.24 0.65 2.72
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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 40 41 29 101
Modified Duration (yrs) 0.84 1.63 0.84 --
Average Maturity (yrs) 0.88 1.81 0.88 --
Yield to Maturity (%) 3.95 5.47 3.92 --
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 13.84
equal 8.30% Reliance Industries 2022 Debenture AAA 4.46 - 9.86 9.63
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 3.15 - 7.71 7.53
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 2.22 - 6.72 6.56
equal 8.58% HDFC 18/03/2022 Debenture AAA 4.40 - 8.12 5.76
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 5.74 - 9.18 5.74
equal 6.60% REC 21/03/2022 Debenture AAA 0.00 - 5.83 5.69
up 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 3.86 3.86
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 2.98 - 6.23 3.25
equal 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 4.68 3.06
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 2.88 - 6.27 2.88
up 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.55 - 3.26 2.70
equal 8.20% Power Grid Corporation 23/01/2022 Bonds/NCDs AAA 2.64 - 7.34 2.64
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 3.32 2.53
equal 8.45% REC 22/03/2022 Debenture AAA 2.45 - 4.08 2.45
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 1.16 - 5.32 2.31
equal 7.95% SIDBI 26/04/2022 Debenture AAA 0.00 - 4.41 2.30
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 4.33 1.91
equal Bajaj Finance 365-D 17/02/2022 Commercial Paper A1+ 0.00 - 2.14 1.78
equal 7.35% Export-Import Bank 18/05/2022 Bonds AAA 0.00 - 2.29 1.52
equal 9.10% Export-Import Bank 15/06/2022 Bonds AAA 1.04 - 2.17 1.04
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.00 - 0.98 0.96
equal 7.95% LIC Housing Fin. 24/03/2022 Bonds AAA 0.00 - 0.98 0.96
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.95 - 2.60 0.95
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 0.95 0.93

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-2021

*As on 30-Apr-2021

Fund Manager

— Saurabh Bhatia since 23-Aug-2018

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

Experience: Prior to joining DSP 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:


0.04%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 12.9147

IDCW Quarterly: ₹ 11.1781

More

IDCW Monthly: ₹ 10.4386

IDCW: ₹ 11.1930


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: 9.70%
Benchmark: CRISIL Composite Bond TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,721 Cr (As on 31-May-2021)
Expense: 0.25% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly28-May-20210.0253

 28-Apr-20210.0482
 26-Mar-20210.0363
 26-Feb-20210.0239
 28-Jan-20210.0022
 28-Dec-20200.0143
 27-Nov-20200.0662
 28-Oct-20200.0902
 28-Sep-20200.0313
 28-Aug-20200.0305
 28-Jul-20200.0687
 26-Jun-20200.1620
 28-May-20200.2244
 28-Apr-20200.0419
 27-Mar-20200.0201
 28-Feb-20200.0609
 28-Jan-20200.0681
 27-Dec-20190.0068
 28-Nov-20190.0772
 25-Oct-20190.0823
 27-Sep-20190.0169
 28-Aug-20190.1081
 26-Jul-20190.0878
 28-Jun-20190.0292
 28-May-20190.1125
IDCW26-Mar-20210.8775

 27-Mar-20200.5505
IDCW Quarterly26-Mar-20210.0432

 28-Dec-20200.1763
 28-Sep-20200.1508
 26-Jun-20200.2248
 27-Sep-20190.2440
 28-Jun-20190.1510
 28-Mar-20190.2183
 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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