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DSP Strategic Bond Fund - Regular Plan download report

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Debt: Dynamic Bond

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 Lakh

Suitability:

"Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending on where it expects to earn maximum returns, the fund management team actively decides whether to invest in bonds maturing in a few months or in the ones maturing several years later.

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 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 Strategic Bond Reg-G -0.52 0.01 0.06 -0.15 -0.71 -0.37 1.72 7.63 6.38 7.07 7.91
VR Bond -0.52 -0.03 0.19 -0.06 -0.84 -0.48 1.48 4.89 5.39 6.05 6.80
Debt: Dynamic Bond -0.49 0.02 0.10 -0.14 -0.66 -0.34 2.31 6.19 5.69 6.68 7.52
Rank within category 14 18 19 9 11 15 14 2 4 7 5
Number of funds in category 27 27 27 27 27 27 26 24 22 20 19

As on 17-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Strategic Bond Fund - Regular Plan  | Invest Online
3 star
 May-07 1.72 7.63 6.38 1.10% 520
ICICI Prudential All Seasons Bond Fund  | Invest Now
5 star
 May-09 2.14 7.54 7.06 1.37% 5,993
Axis Dynamic Bond Fund
4 star
 Apr-11 0.50 7.16 6.56 0.66% 2,521
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
4 star
 May-08 2.04 7.02 7.10 1.20% 2,238
IIFL Dynamic Bond Fund - Regular Plan
5 star
 Jun-13 3.82 6.23 6.34 0.52% 651

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.01 16-Apr-2020 - 23-Apr-2020 -4.51 03-Jun-2019 - 10-Jun-2019
Month 6.66 11-Jun-2019 - 11-Jul-2019 -3.12 10-May-2019 - 10-Jun-2019
Quarter 10.09 10-Jun-2019 - 09-Sep-2019 -4.08 24-Nov-2016 - 23-Feb-2017
Year 20.71 11-Jun-2019 - 10-Jun-2020 -4.33 24-Jan-2008 - 23-Jan-2009

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
DSP Strategic Bond Reg-G 7.30 3.79 1.00 1.45 1.26 1.70
VR Bond 5.18 2.13 0.78 1.13 -- --
Debt: Dynamic Bond 6.29 3.38 0.91 1.49 1.01 1.10
Rank within category 5 19 10 12 18 7
Number of funds in category 25 25 25 25 25 25

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

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 9 18 7 25
Modified Duration (yrs) 2.31 6.18 1.89 --
Average Maturity (yrs) 2.69 8.91 2.32 --
Yield to Maturity (%) 5.37 6.11 4.58 --
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
new 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 10.78 7.15
down 5.63% GOI 2026 GOI Securities SOV 0.00 - 24.11 7.02
down 7.59% GOI 2026 GOI Securities SOV 0.00 - 10.18 5.09
equal 5.35% National Housing Bank 2024 Debenture AAA 0.00 - 4.83 4.83
equal 4.50% Oil & Natural Gas Corporation 2024 Debenture AAA 0.00 - 4.78 4.78
equal Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 4.61 4.61
equal SIDBI 23/03/2023 Commercial Paper A1+ 0.00 - 4.60 4.60
equal 8.32% Karnataka State 13/03/2029 State Development Loan SOV 0.00 - 0.00 0.00
equal 8.53% Gujarat State 20/11/2028 State Development Loan SOV 0.00 - 0.00 0.00

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 30-Apr-2022

*As on 31-Mar-2022

Fund Manager

— Sandeep Yadav since 01-Mar-2022

Education: Mr. Yadav is a Computer Engineer (Pune University), PGDBM (IIM Bangalore) and a CFA chartered holder.

Experience: Prior to joining DSP, he has worked with Cognizant Technologies, Hughes Services and Mahindra British Telecom.

— Vikram Chopra since 18-Jul-2016

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:

Invest Online
0.01%

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

Growth: ₹ 2,682.8487

IDCW Weekly: ₹ 1,046.6792

More

IDCW Quarterly: ₹ 1,211.4841

IDCW Monthly: ₹ 1,050.4255

IDCW Daily: ₹ 1,059.5359

Investment Strategy

The scheme seeks to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market securities. It would invest across the range of debt instruments across the maturity range.

Investment Details

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

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 09-May-2007
Return Since Launch: 7.57%
Benchmark: CRISIL Dynamic Bond Fund BIII Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 520 Cr (As on 30-Apr-2022)
Expense: 1.10% (As on 31-Mar-2022)
Risk Grade: High
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly30-Mar-20220.7764

 16-Mar-20220.5036
 15-Dec-20210.3148
 08-Dec-20211.0705
 01-Dec-20211.3275
 24-Nov-20210.2323
 17-Nov-20210.5515
 22-Sep-20213.4737
 15-Sep-20212.1156
 08-Sep-20211.5458
 01-Sep-20215.8455
 25-Aug-20210.9532
 19-Aug-20214.0299
 11-Aug-20210.2643
 04-Aug-20210.6092
 09-Jun-20212.0176
 06-Jan-20212.4282
 30-Dec-20203.1427
 23-Dec-20200.1199
 09-Dec-20200.4252
 25-Nov-20202.5449
 18-Nov-20202.5835
 04-Nov-20201.2812
 28-Oct-20204.9342
 21-Oct-20200.3088
IDCW Daily29-Mar-20220.3334

 13-Feb-20221.2947
 15-Dec-20210.1722
 14-Dec-20210.0243
 13-Dec-20210.1193
 08-Dec-20210.0967
 07-Dec-20210.2776
 29-Nov-20210.6773
 28-Nov-20210.1421
 25-Nov-20211.0483
 21-Nov-20210.4213
 17-Nov-20210.5580
 29-Sep-20210.0213
 22-Sep-20210.0243
 21-Sep-20210.3613
 20-Sep-20210.5915
 19-Sep-20212.5327
 16-Sep-20210.0060
 15-Sep-20210.2989
 14-Sep-20211.1494
 05-Sep-20210.8910
 02-Sep-20211.3637
 01-Sep-20211.8277
 31-Aug-20211.2432
 30-Aug-20210.4073
IDCW Monthly28-Mar-20222.2876

 28-Feb-20220.0476
 26-Nov-20214.3105
 28-Sep-20217.6240
 27-Aug-20218.0099
 28-Jul-20213.1793
 28-May-20213.2035
 28-Jan-20210.5702
 28-Dec-20204.5738
 27-Nov-20204.5631
 28-Oct-202011.9839
 28-Jul-202012.4091
 26-Jun-20203.9808
 28-May-202021.6629
 28-Apr-202026.2491
 27-Mar-20204.5730
 28-Feb-202021.9670
 28-Jan-20201.8678
 27-Dec-20193.9410
 28-Nov-20195.7903
 25-Oct-20195.5502
 27-Sep-201915.6123
 26-Jul-201917.8524
 28-Jun-20191.2106
 28-May-20190.3677
IDCW Quarterly28-Mar-202248.8624

 26-Mar-202171.9200
 27-Mar-202079.3887
 28-Mar-201959.5389
 28-Mar-201820.3052
 27-Mar-201779.6018
 28-Mar-201622.2971
 28-Sep-20153.6113
 26-Sep-201414.6565
 27-Jun-201429.9226
 28-Mar-201415.8685
 27-Dec-201310.2546
 28-May-201335.8845
 28-Mar-201319.8843
 28-Dec-201216.4847
 28-Sep-201221.1116
 28-Jun-201219.8677
 28-Mar-201216.1664
 28-Dec-201122.0165
 29-Sep-201119.5654
 28-Jun-201117.6566
 28-Mar-201114.9665
 28-Dec-20108.9711
 28-Sep-201010.2854
 28-Jun-20108.3452

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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