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DSP Strategic Bond Fund - Regular Plan

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Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.30 Lakh

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending upon where it expects to earn maximum returns, the fund management team decides whether to invest in bonds maturing in a few months time or in the ones maturing several years later. Therefore, they are the most versatile type of debt funds available.

However, like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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
Fund 9.81 0.06 0.62 1.40 7.05 9.63 15.50 8.64 9.00 9.03 9.01
VR Bond 5.37 -0.04 0.27 0.74 3.20 5.11 7.37 7.05 7.51 7.59 7.59
Debt: Dynamic Bond 6.87 0.06 0.67 1.69 5.26 6.60 9.57 6.66 7.95 8.00 8.50
Rank within category 2 12 11 18 3 2 1 4 7 4 5
Number of funds in category 27 28 28 28 28 27 27 23 22 21 14

As on 09-Jul-2020

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
4 star
 May-07 15.50 8.64 9.00 1.11 1,477
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
 May-09 12.11 8.22 9.82 1.34 2,980
IDFC Dynamic Bond Fund - Regular Plan
4 star
 Dec-08 13.56 9.01 9.54 1.78 2,182
SBI Dynamic Bond Fund
5 star
 Feb-04 12.31 8.58 9.68 1.66 1,507
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
 May-08 11.31 9.39 9.97 1.08 1,322

Best & Worst Performance

Best (Period) Worst (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
Fund 8.12 3.68 0.77 1.72 1.28 0.98
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Dynamic Bond 6.19 3.17 0.41 1.03 1.13 -0.72
Rank within category 4 22 9 9 17 4
Number of funds in category 27 27 27 27 27 27

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 10 17 8 17
Modified Duration (yrs) 6.54 7.95 5.16 --
Average Maturity (yrs) 9.21 12.37 7.33 --
Yield to Maturity (%) 6.03 7.16 6.03 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 53.23 31.38
down 7.17% GOI 2028 GOI Securities SOV 0.00 - 26.19 22.25
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 21.85 21.85
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 44.72 13.97
new 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 19.54 4.28
new 6.57% GOI 2033 GOI Securities SOV 0.00 - 11.23 3.24
equal 7.59% GOI 2026 GOI Securities SOV 0.12 - 18.05 0.12
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 0.00 - 8.51 0.08
equal 8.32% Karnataka State 13/03/2029 State Development Loan SOV 0.00 - 0.10 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 31-May-2020

Fund Manager

— Saurabh Bhatia since 01-Mar-2018

Education: Mr. Bhatia holds Post Graduation Diploma in Business Management, Finance.

Experience: Prior to joining DSPBR Mutual Fund, had worked with ICICI Bank, HSBC Global Asset Management.

Funds Managed:

— 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
0.06%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 2,575.5272

Dividend Weekly: ₹ 1,055.5075

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Dividend Quarterly: ₹ 1,280.8199

Dividend Monthly: ₹ 1,069.7457

Dividend Daily: ₹ 1,068.7996

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

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 09-May-2007
Return Since Launch: 8.45%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,477 Cr (As on 31-May-2020)
Expense: 1.11% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily08-Jul-20200.5902

 07-Jul-20201.6281
 06-Jul-20203.5845
 30-Jun-20202.8449
 29-Jun-20201.6400
 28-Jun-20201.9699
 25-Jun-20200.5832
 24-Jun-20200.1034
 18-Jun-20200.1687
 14-Jun-20200.6363
 10-Jun-20200.4387
 09-Jun-20200.7135
 08-Jun-20200.3438
 25-May-20200.5428
 21-May-20205.4006
 07-May-20203.3126
 05-May-20204.4145
 04-May-20200.5234
 22-Apr-202014.3111
 20-Apr-20200.6515
 19-Apr-20203.7693
 08-Mar-20204.2412
 05-Mar-20202.8754
 04-Mar-20200.4520
 03-Mar-20204.1757
Dividend Weekly08-Jul-20206.5093

 01-Jul-20206.1978
 24-Jun-20200.8909
 17-Jun-20200.0050
 10-Jun-20201.5930
 27-May-20205.7573
 07-May-20208.1663
 22-Apr-202028.5099
 04-Mar-20206.0365
 26-Feb-20202.2026
 19-Feb-20203.5259
 12-Feb-20205.2638
 05-Feb-20209.9125
 01-Jan-20203.9830
 25-Dec-20192.2497
 27-Nov-20192.4452
 20-Nov-20191.4622
 02-Oct-20194.6333
 18-Sep-20191.3342
 11-Sep-201916.7525
 07-Aug-20191.4493
 17-Jul-20192.0876
 10-Jul-201914.5428
 03-Jul-20196.8767
 29-May-20191.4416
Dividend Monthly26-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
 28-Mar-201915.6556
 28-Feb-20192.6088
 28-Dec-201813.9708
 28-Nov-201810.6817
 26-Oct-20186.0865
 30-Sep-20180.3384
 28-Aug-20171.8639
 28-Jul-20175.1823
 28-Jun-20173.2198
 28-Nov-201621.7262
 28-Oct-20165.9939
 28-Sep-201611.9404
Dividend Quarterly27-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
 26-Mar-20108.5815
 28-Dec-200911.3200

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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