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DSP Bond Fund - Retail Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Analyst's Choice?

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and 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.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.28 0.10 0.05 1.03 1.48 2.28 3.11 3.88 5.76 6.59 6.73
VR Bond 0.12 0.04 -0.12 1.02 1.24 1.24 7.72 6.09 7.00 7.41 7.23
Debt: Medium Duration 0.01 -0.20 -0.29 0.75 0.95 2.03 4.06 5.31 6.49 7.31 7.44
Rank within category 10 4 3 10 10 12 11 12 9 8 7
Number of funds in category 18 19 19 17 17 17 16 15 12 9 8

As on 16-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
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 3.88 3.80 -0.48 -0.44 0.56 -2.06
VR Bond 6.11 2.14 0.33 -- -- --
Debt: Medium Duration 5.31 3.10 0.11 0.41 0.57 -0.63
Rank within category 12 13 12 13 7 12
Number of funds in category 16 16 16 16 16 16

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 29 13 48
Modified Duration (yrs) 3.15 3.66 2.49 3.02
Average Maturity (yrs) 4.21 4.83 3.45 4.28
Yield to Maturity (%) 7.28 9.32 7.05 9.18

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 11.02 10.68
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 0.00 - 8.48 8.48
new 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 8.44 8.44
new ICICI Bank 20/03/2020 Certificate of Deposit A1+ 0.00 - 8.18 8.18
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 5.61 - 9.47 7.53
equal 8.15% State Bank of India Bonds AA+ 3.39 - 7.23 7.23
equal 8.45% IRFC 2028 Debenture AAA 4.11 - 9.23 6.67
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 17.47 6.58
equal 9.02% REC 19/11/2022 Bonds AAA 3.06 - 6.99 6.55
new 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 6.39 6.39
equal KKR India Financial Services 2021 Debenture AA 0.00 - 5.22 5.22
equal 9.10% East-North Interconnection Company 30/09/2025 Debenture AAA 2.03 - 4.25 4.17
new Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 4.09 4.09
new 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 2.12 2.12
equal 9.10% East-North Interconnection Company 30/09/2024 Debenture AAA 1.02 - 2.14 2.11
equal 7.58% LIC Housing Fin. 28/02/2020 Debenture AAA 0.47 - 1.07 1.07
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.44 - 9.79 0.67

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-Dec-2019

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:


0.10%

Change from previous, NAV as on 16-Jan-2020

Growth: ₹ 57.9293

Dividend Quarterly: ₹ 10.8842

Dividend Monthly: ₹ 10.9717


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 0.25% for redemption within 180 days

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 29-Apr-1997
Return Since Launch: 8.03%
Benchmark: CRISIL Medium Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 242 Cr (As on 31-Dec-2019)
Expense: 0.79% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-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
 28-Apr-20160.0867
 28-Mar-20160.1361
 28-Oct-20150.0544
 28-Sep-20150.0586
Dividend Quarterly28-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
 26-Dec-20080.9197

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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