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DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund - Regular Plan download report


Debt: Fixed Maturity

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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(₹)
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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 Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Reg-G -- 0.47 0.66 1.64 2.67 -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- -0.04 0.05 0.21 0.72 -- -- -- -- -- --
Debt: Fixed Maturity -- 0.24 0.40 1.12 2.15 -- -- -- -- -- --
Rank within category -- 3 9 9 9 -- -- -- -- -- --
Number of funds in category 32 48 48 48 48 35 26 12 12 12 12

As on 17-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund - Regular Plan
Unrated
Mar-22 -- -- -- 0.30 625
BHARAT Bond FOF - April 2023 - Regular Plan  | Invest Online
4 star
Dec-19 3.44 -- -- 0.06 2,648
BHARAT Bond ETF - April 2030  | Invest Online
Unrated
Dec-19 3.92 -- -- 0.00 13,615
BHARAT Bond ETF - April 2031  | Invest Online
Unrated
Jul-20 3.31 -- -- 0.00 11,023
BHARAT Bond ETF - April 2025  | Invest Online
Unrated
Jul-20 2.42 -- -- 0.00 10,034

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.82 26-Jul-2022 - 02-Aug-2022 -1.76 02-May-2022 - 09-May-2022
Month 1.65 13-Jun-2022 - 13-Jul-2022 -2.66 06-Apr-2022 - 06-May-2022
Quarter 2.59 05-May-2022 - 04-Aug-2022 -1.77 30-Mar-2022 - 29-Jun-2022
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Reg-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.60 0.34 -2.61 -4.87 -- --
Debt: Fixed Maturity* 3.76 0.50 0.27 1.90 0.27 0.51
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-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 28 28 19 29
Modified Duration (yrs) 4.14 4.46 3.73 3.24
Average Maturity (yrs) 5.27 5.71 4.74 3.84
Yield to Maturity (%) 7.17 7.48 6.08 6.91
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.60% GOI 2028 Central Government Loan SOV 16.50 - 19.79 19.79
up 7.17% GOI 2028 GOI Securities SOV 17.25 - 21.40 18.84
up 8.26% GOI 2027 Central Government Loan SOV 14.76 - 18.17 14.76
up 8.28% GOI 21/09/2027 Central Government Loan SOV 13.90 - 16.63 13.90
up 8.15% Kerala State 27/03/2028 State Development Loan SOV 0.33 - 3.62 3.62
equal 8.16% Gujarat State 2028 State Development Loan SOV 0.00 - 4.36 3.36
equal 8.03% Karnataka State 31/01/2028 State Development Loan SOV 0.11 - 4.79 2.50
up 8.05% Tamilnadu State 18/04/2028 State Development Loan SOV 0.00 - 2.23 2.18
up 8.14% Haryana State 27/03/2028 State Development Loan SOV 0.48 - 2.57 2.06
new 8.34% Uttar Pradesh State 28/02/2028 State Development Loan SOV 0.00 - 1.71 1.71
equal 8.15% Chhattisgarh State 27/03/2028 State Development Loan SOV 0.00 - 2.20 1.69
equal 7.88% Madhya Pradesh State 24/01/2028 State Development Loan SOV 0.00 - 3.12 1.63
equal 8.05% Gujarat State 31/01/2028 State Development Loan SOV 0.00 - 2.95 1.54
equal 6.99% Telangana State 2028 State Development Loan SOV 1.26 - 3.00 1.26
equal 8.39% Gujarat State 2028 State Development Loan SOV 0.47 - 1.85 1.12
equal 7.98% Uttar Pradesh State 2028 State Development Loan SOV 1.00 - 2.39 1.00
equal 8.34% Tamilnadu State 28/02/2028 State Development Loan SOV 0.93 - 2.13 0.93
equal 8.05% Madhya Pradesh State 18/04/2028 State Development Loan SOV 0.84 - 2.00 0.84
equal 6.98% Telangana State 22/04/2028 State Development Loan SOV 0.00 - 1.03 0.80
new 8.28% Tamilnadu State 14/03/2028 State Development Loan SOV 0.00 - 0.58 0.58
equal 8.11% Chhattisgarh State 31/01/2028 State Development Loan SOV 0.54 - 1.29 0.54
equal 8.28% Tamilnadu State 21/02/2028 State Development Loan SOV 0.34 - 0.79 0.34
equal 8.28% Chhattisgarh State 14/03/2028 State Development Loan SOV 0.00 - 0.63 0.34
equal 8.05% Gujarat State 14/02/2028 State Development Loan SOV 0.34 - 0.78 0.34
equal 8.33% Madhya Pradesh State 30/05/2028 State Development Loan SOV 0.17 - 0.40 0.17

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-Jul-2022

Fund Manager

— Laukik Bagwe since 11-Mar-2022

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:

— Vikram Chopra since 11-Mar-2022

Education: Mr. Chopra is B.Com (H) and MBA from Institute of Management.

Experience: Prior to joining DSP Mutual Fund he has worked with L&T Mutual Fund, IDBI Bank Ltd. and Axis Bank Ltd.

Funds Managed:


0.47%

Change from previous, NAV as on 17-Aug-2022

Growth: ₹ 10.0720

IDCW: ₹ 10.0720


Investment Strategy

The scheme seeks to track the Nifty SDL Plus G-Sec Jun 2028 30:70 Index by investing in Government Securities (G-Sec) and SDLs, maturing on or before June 2028 and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to tracking error.

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) --
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 21-Mar-2022
Return Since Launch: 0.72%
Benchmark: Nifty SDL Plus G-Sec Jun 2028 30:70
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 625 Cr (As on 31-Jul-2022)
Expense Ratio: 0.30% (As on 31-Jul-2022)
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: 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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