VR Logo

Unrated

DSP Floater Fund - Regular Plan


Debt: Floater

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.

They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

If you do decide to invest in them, remember that 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -- -0.07 0.08 0.47 1.46 2.98 -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.03 0.04 0.20 0.62 1.10 -- -- -- -- --
Debt: Floater -- -0.03 0.01 0.34 1.40 2.89 -- -- -- -- --
Rank within category -- 10 1 2 4 5 -- -- -- -- --
Number of funds in category 8 12 12 12 10 10 7 5 5 5 5

As on 24-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Floater Fund - Regular Plan
Unrated
Mar-21 -- -- -- 0.53 2,001
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 6.00 7.85 7.47 0.48 22,077
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 4.95 7.60 7.36 0.42 21,707
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 4.95 7.60 7.36 0.28 21,707
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 6.08 8.77 7.44 0.57 18,784

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.50 13-Jul-2021 - 20-Jul-2021 -0.26 29-Jun-2021 - 06-Jul-2021
Month 1.01 06-Aug-2021 - 06-Sep-2021 -0.42 11-Jun-2021 - 13-Jul-2021
Quarter 1.73 22-Mar-2021 - 21-Jun-2021 0.86 08-Apr-2021 - 08-Jul-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: Floater* 7.36 1.24 2.71 4.25 0.68 3.78
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 5 3 96
Modified Duration (yrs) 1.69 1.93 1.67 1.15
Average Maturity (yrs) 2.06 2.40 2.03 2.67
Yield to Maturity (%) 4.43 4.93 4.43 4.43
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.15% GOI 2025 GOI Securities SOV 31.41 - 59.52 40.80
up 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 31.77 31.77
equal 5.88% Gujarat State 31/03/2025 State Development Loan SOV 11.46 - 18.89 13.59
equal 6.69% Madhya Pradesh State 17/03/2025 State Development Loan SOV 6.96 - 16.12 6.96
new 8.03% Gujarat State 16/04/2025 State Development Loan SOV 0.00 - 2.78 2.78

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-Aug-2021

Fund Manager

— Kedar Karnik since 17-Jul-2021

Education: Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.

Experience: Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..

Funds Managed:

— Laukik Bagwe since 01-May-2021

Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)

Experience: Prior to joining DSP Mutual Fund he has worked with Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.

Funds Managed:


-0.07%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 10.3511

IDCW: ₹ 10.3511


Investment Strategy

The scheme seeks to generate regular income through investment predominantly in floating rate and fixed rate debt instruments (including money market instruments).

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 19-Mar-2021
Return Since Launch: 3.51%
Benchmark: Crisil Short Term Gilt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,001 Cr (As on 31-Aug-2021)
Expense: 0.53% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: --

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

Upcoming Video

Viewpoint

The Case for ESG Investing

DateThursday, 30-Sep-2021
Time04:00 PM - 04:30 PM