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DSP FMP Series 264 - 60M - 17D - Direct Plan download report


Debt: FMP

Suitability:

"Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

However, 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."

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
DSP FMP Series 264 - 60M - 17D Direct-G -1.53 0.04 0.44 0.20 -2.05 -1.37 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.83 -0.02 0.06 0.18 0.33 0.88 -- -- -- -- --
Debt: FMP 0.83 0.03 0.19 0.33 -0.19 0.92 -- -- -- -- --
Rank within category 83 27 1 75 88 85 -- -- -- -- --
Number of funds in category 88 99 99 99 95 88 71 35 3 3 0

As on 27-Jun-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP FMP Series 264 - 60M - 17D - Direct Plan
Unrated
Sep-21 -- -- -- 0.10% 41
HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Direct Plan
Unrated
Sep-18 6.33 9.58 -- 0.25% 824
SBI Fixed Maturity Plan - Series 41 (1498 Days) - Direct Plan
Unrated
Mar-21 1.86 -- -- 0.15% 752
HDFC Fixed Maturity Plans - 3360 Days - March 2014 (1) - Direct Plan
Unrated
Mar-14 3.00 6.68 6.83 0.61% 730
SBI Debt Fund Series C-48 (1177 Days) - Direct Plan
Unrated
Mar-19 4.11 7.41 -- 0.15% 472

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.14 04-Feb-2022 - 14-Feb-2022 -1.87 02-May-2022 - 09-May-2022
Month 1.20 04-Feb-2022 - 08-Mar-2022 -3.46 06-Apr-2022 - 06-May-2022
Quarter 1.50 04-Jan-2022 - 05-Apr-2022 -2.82 08-Mar-2022 - 07-Jun-2022
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
DSP FMP Series 264 - 60M - 17D Direct-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.69 0.37 -2.20 -4.41 -- --
Debt: FMP* 7.32 2.32 2.06 6.25 1.12 4.73
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-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 3 3 -- 9
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --
Avg Credit Rating GOI/Cash -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.16% Maharashtra State 28/09/2026 State Development Loan SOV 49.09 - 50.82 49.09
equal 7.16% Madhya Pradesh State 28/09/2026 State Development Loan SOV 47.08 - 48.72 47.09
equal 7.83% Gujarat State 13/07/2026 State Development Loan SOV 0.00 - 3.32 3.32

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-2022

Fund Manager

— Laukik Bagwe since 07-Sep-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:


0.04%

Change from previous, NAV as on 27-Jun-2022

Growth: ₹ 9.9532

IDCW: ₹ 9.9531


Investment Strategy

The scheme seeks to generate returns and capital appreciation by investing in a portfolio of Debt and Money Market Securities.

Investment Details

Tenure (Days) 1817
Maturity date

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 13-Sep-2021
Return Since Launch: -0.47%
Benchmark: CRISIL Medium to Long Term Debt
Riskometer: Moderate
Type: Closed-end

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: 1800-208-4499 / 1800-200-4499

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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