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2 star

DSP Bond Fund - Retail Plan


Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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 7.59 0.05 0.37 0.72 4.72 6.40 9.25 5.13 6.88 7.54 7.17
VR Bond 5.81 -0.01 -0.04 0.78 2.32 5.33 7.22 7.00 7.51 7.96 7.63
Debt: Medium Duration 2.93 0.03 0.25 0.48 3.54 1.84 5.16 6.30 7.34 8.32 7.82
Rank within category 3 1 1 8 2 3 4 9 8 6 4
Number of funds in category 12 12 12 12 12 12 12 11 10 6 4

As on 04-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Bond Fund - Retail Plan  | Invest Online
2 star
Apr-97 9.25 5.13 6.88 0.76 251
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
Sep-04 10.46 7.16 8.05 1.62 4,864
SBI Magnum Medium Duration Fund  | Invest Online
5 star
Nov-03 11.89 8.79 9.45 1.22 3,384
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
Jul-03 10.50 8.06 8.39 1.43 3,145
HDFC Medium Term Debt Fund  | Invest Online
4 star
Feb-02 8.53 7.24 8.07 1.29 933

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.01 (11-Dec-2008 - 18-Dec-2008) -5.26 (03-Jun-2019 - 10-Jun-2019)
Month 10.78 (18-Nov-2008 - 18-Dec-2008) -4.59 (31-May-2019 - 01-Jul-2019)
Quarter 14.55 (06-Oct-2008 - 05-Jan-2009) -5.41 (20-May-2013 - 19-Aug-2013)
Year 20.12 (04-Dec-2000 - 04-Dec-2001) -1.87 (16-Oct-2003 - 15-Oct-2004)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.14 4.00 -0.02 -0.02 0.54 -0.94
VR Bond 6.81 1.95 0.81 1.77 -- --
Debt: Medium Duration 4.80 4.48 0.28 0.74 0.56 -1.32
Rank within category 10 11 10 10 7 10
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 20 13 34
Modified Duration (yrs) 3.54 3.66 3.15 3.38
Average Maturity (yrs) 4.96 4.96 4.21 4.51
Yield to Maturity (%) 5.85 7.66 5.85 7.85

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.50% State Bank of India 22/11/2020 Non Convertible Debenture AA+ 0.00 - 9.49 9.49
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 0.00 - 9.87 9.43
equal 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 9.67 9.39
new 7.25% HDFC 17/06/2030 Debenture AAA 0.00 - 8.12 8.12
equal ICICI Bank 15/01/2021 Certificate of Deposit A1+ 0.00 - 8.94 7.82
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 9.12 7.79
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 9.06 7.76
up SIDBI 2021 Commercial Paper A1+ 0.00 - 7.66 7.66
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 6.90 6.69
equal 8.99% Bank of Baroda Non Convertible Debenture AA+ 0.00 - 6.50 6.42
equal 8.45% IRFC 2028 Debenture AAA 4.27 - 9.23 4.70
new 8.60% Export-Import Bank 30/04/2099 Bonds AA+ 0.00 - 3.71 3.71
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 2.28 2.22
equal 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 2.19 2.15
new Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 1.95 1.95

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-Jun-2020

Fund Manager

— Saurabh Bhatia since 14-Feb-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:


0.05%

Change from previous, NAV as on 04-Aug-2020

Growth: ₹ 62.1510

Dividend Quarterly: ₹ 11.6731

Dividend Monthly: ₹ 11.0925


Investment Strategy

The fund aims at reasonable and attractive return consistent with prudent risk from a portfolio of high quality debt instruments. The secondary objective is to generate capital appreciation.

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: 29-Apr-1997
Return Since Launch: 8.16%
Benchmark: CRISIL Medium Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 251 Cr (As on 30-Jun-2020)
Expense: 0.76% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Jul-20200.0671

 26-Jun-20200.1392
 28-May-20200.2792
 28-Feb-20200.1272
 28-May-20190.1029
 28-Mar-20190.1237
 28-Feb-20190.0294
 28-Jan-20190.0251
 28-Nov-20180.0228
 28-Aug-20180.0450
 27-Jul-20180.0539
 28-Mar-20180.1058
 25-Jan-20180.0219
 27-Oct-20170.0555
 28-Sep-20170.0221
 28-Aug-20170.0432
 28-Jul-20170.0808
 28-Jun-20170.0652
 28-Nov-20160.2857
 28-Oct-20160.0493
 28-Sep-20160.1214
 26-Aug-20160.0980
 28-Jul-20160.2022
 28-Jun-20160.0584
 27-May-20160.0231
Dividend Quarterly27-Mar-20200.0030

 28-Mar-20190.2827
 28-Mar-20180.4753
 27-Mar-20170.7523
 28-Mar-20160.4014
 27-Mar-20150.6675
 26-Sep-20140.1595
 27-Jun-20140.2914
 28-Mar-20140.1380
 27-Dec-20130.1108
 28-May-20130.3811
 28-Mar-20130.2294
 28-Dec-20120.1645
 28-Sep-20120.2327
 28-Jun-20120.1826
 28-Mar-20120.1814
 28-Dec-20110.2588
 29-Sep-20110.2053
 28-Jun-20110.1116
 28-Mar-20110.0803
 28-Dec-20100.0407
 28-Jun-20100.2245
 26-Mar-20100.0596
 28-Dec-20090.0597
 28-Sep-20090.0297

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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