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3 star

DSP Bond Fund - Retail Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 3.34 -0.02 0.10 0.44 0.84 2.06 3.86 5.30 4.56 6.37 7.07
VR Bond 2.68 0.03 -0.02 0.59 1.27 2.12 2.98 6.35 5.55 6.67 7.35
Debt: Medium Duration 4.83 0.00 0.09 0.51 0.89 3.18 5.31 5.41 5.64 6.72 7.51
Rank within category 16 18 13 18 10 17 16 9 10 6 6
Number of funds in category 21 22 22 22 22 21 21 14 13 10 7

As on 03-Dec-2021

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
3 star
Apr-97 3.86 5.30 4.56 0.75% 477
SBI Magnum Medium Duration Fund  | Invest Online
5 star
Nov-03 4.37 9.33 8.12 1.21% 10,740
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
Sep-04 5.81 8.55 7.20 1.40% 7,214
HDFC Medium Term Debt Fund  | Invest Online
4 star
Feb-02 5.51 8.29 6.88 1.34% 4,193
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
Jul-03 2.98 7.75 6.63 1.47% 3,980

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 5.27 3.94 0.38 0.37 0.55 0.15
VR Bond 6.20 2.04 1.18 1.59 -- --
Debt: Medium Duration 5.44 4.84 0.82 1.16 0.45 0.57
Rank within category 9 10 9 9 8 8
Number of funds in category 14 14 14 14 14 14

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 20 21 15 38
Modified Duration (yrs) 3.04 3.46 2.95 --
Average Maturity (yrs) 4.05 4.77 3.97 --
Yield to Maturity (%) 5.32 5.76 2.95 --
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 SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 9.98 7.23
equal 7.75% Power Finance Corporation 2030 Non Convertible Debenture AAA 5.61 - 7.75 5.67
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 5.55 - 8.13 5.58
down 8.35% GOI 2022 GOI Securities SOV 0.00 - 9.75 5.56
equal 5.95% Bajaj Finance 2024 Bonds/NCDs AAA 0.00 - 7.49 5.46
equal 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 5.42 - 8.63 5.45
equal 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 7.47 5.28
new 6.10% GOI 2031 GOI Securities SOV 0.00 - 5.23 5.23
equal Axis Finance 252-D 26/05/2022 Commercial Paper A1+ 0.00 - 5.11 5.11
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 4.65 - 6.40 4.68
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 4.50 4.50
equal 7.25% HDFC 17/06/2030 Debenture AAA 4.36 - 9.58 4.38
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 7.25 4.32
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 4.18 4.18
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 9.98 4.14
new 8.60% NIIF Infrastructure Finance 2024 Debenture AAA 0.00 - 3.35 3.35
equal 6.92% Indian Railway Finance Corporation 31/08/2031 Non Convertible Debenture AAA 0.00 - 3.18 3.18
equal 7.75% Sundaram Home Finance 2023 Bonds/NCDs AA+ 0.00 - 3.08 2.24
equal 7.55% Indian Railway Finance Corporation 2030 Debenture AAA 0.00 - 3.22 2.20
equal Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 1.03 1.03

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-Oct-2021

Fund Manager

— Karan Mundra since 01-May-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:


-0.02%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 65.6503

IDCW Quarterly: ₹ 11.5915

IDCW Monthly: ₹ 11.0305


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

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 29-Apr-1997
Return Since Launch: 7.94%
Benchmark: CRISIL Medium Term Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 477 Cr (As on 31-Oct-2021)
Expense: 0.75% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly26-Nov-20210.0464

 28-Oct-20210.0090
 28-Sep-20210.0635
 27-Aug-20210.0518
 28-Jul-20210.0449
 28-Jun-20210.0170
 28-May-20210.0717
 28-Apr-20210.0465
 28-Jan-20210.0137
 28-Dec-20200.0655
 27-Nov-20200.0626
 28-Oct-20200.1654
 28-Sep-20200.0104
 28-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
IDCW Quarterly26-Mar-20210.7147

 27-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

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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