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DSP Equity & Bond Fund


1 Lakh

Investment Grown to
₹ 1.35 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.07 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

Aggressive hybrid funds invest 65-80% of your money in equity shares and the rest in bonds and commodities. Their returns are slightly lower than pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to its sharp ups and downs.

Like all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • 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 10% (effectively 11.648%, 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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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 13.02 0.40 7.20 13.77 10.49 9.53 10.73
VR Balanced TRI 11.73 1.73 7.83 12.51 13.53 8.99 9.75
Hybrid: Aggressive Hybrid 7.08 1.16 6.27 7.88 8.90 7.85 10.39
Rank within category 4 34 12 4 9 3 11
Number of funds in category 39 43 43 38 31 25 21

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 24.71 (11-May-2009 - 10-Jun-2009) -21.32 (24-Sep-2008 - 24-Oct-2008)
Quarter 47.63 (09-Mar-2009 - 10-Jun-2009) -31.91 (21-Feb-2000 - 23-May-2000)
Year 90.19 (24-Apr-2003 - 23-Apr-2004) -39.39 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.19 11.49 0.38 0.55 0.95 -2.61
VR Balanced TRI 13.17 10.29 0.72 1.14 -- --
Hybrid: Aggressive Hybrid 8.91 10.08 0.32 0.52 0.86 -3.23
Rank within category 10 30 13 16 27 15
Number of funds in category 32 32 32 32 32 32

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

As on 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 51
Top 10 Holdings (%) 35.98
Top 5 Holdings (%) 24.94
Top 3 Sectors (%) 44.82
Portfolio P/B Ratio 4.64
Portfolio P/E Ratio 33.02

Value Research Equity Fund Style

Value Research Debt Fund Style*

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 2.36 - 2.61 2.55
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.66 1.87
equal 7.59% GOI 2026 GOI Securities SOV 1.69 - 2.20 1.81
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 1.73 1.73
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.33 - 1.33 1.33
equal 8.60% Bank of Baroda 2022 Debenture AA+ 0.93 - 1.27 1.15
up 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 1.07 1.07
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.79 - 2.04 0.90
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 0.00 - 0.90 0.90
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 0.88 0.88
equal 8.15% State Bank of India Bonds AA+ 0.70 - 0.82 0.74
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 0.73 - 1.16 0.73
equal HPCL 14/08/2024 Debenture AAA 0.00 - 0.49 0.49
equal KKR India Financial Services 14/03/2021 Debenture AA 0.00 - 0.47 0.47
up 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 0.45 0.45
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 0.45 0.44
equal 7.46% REC 28/02/2022 Non Convertible Debenture AAA 0.00 - 0.43 0.43
equal 8.45% REC 22/03/2022 Debenture AAA 0.00 - 0.45 0.42
equal KKR India Financial Services 2021 Debenture AA 0.00 - 0.42 0.42
equal 9.02% REC 19/11/2022 Bonds AAA 0.40 - 0.47 0.42
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 0.41 0.41
new 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 0.41 0.41
equal 7.73% GOI 19/12/2034 GOI Securities SOV 0.00 - 0.55 0.35
down 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 0.78 0.35
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.32 - 0.36 0.34

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Bajaj Finance Financial 49.61 6.92 1.54 6.92
down ICICI Bank Financial 67.66 6.24 1.93 6.15
equal HDFC Bank Financial 29.57 5.97 3.05 5.97
equal Kotak Mahindra Bank Financial 39.32 3.76 0.00 3.31
down Hindustan Unilever FMCG 65.92 3.25 0.00 2.59
down Asian Paints Chemicals 64.65 2.87 0.87 2.30
equal Tata Consultancy Services Technology 23.99 2.82 0.00 2.10
up Axis Bank Financial 47.71 3.65 0.00 2.10
equal Shree Cement Construction 56.79 2.64 1.49 1.99
up Avenue Supermarts Services 98.88 1.91 0.00 1.91
equal Ultratech Cement Construction 36.68 2.23 0.00 1.91
equal Alkem Laboratories Healthcare 26.76 1.87 0.00 1.87
equal Godrej Properties Construction 72.67 1.78 0.00 1.64
equal BPCL Energy 16.82 1.62 0.00 1.48
down ICICI Lombard General Insurance Financial 56.52 2.04 0.00 1.38
down Relaxo Footwears FMCG 71.98 1.37 0.00 1.37
equal Kansai Nerolac Paints Chemicals 52.07 1.41 0.51 1.34
new Bharti Airtel Communication 1.38 0.00 1.32
down Ipca Laboratories Healthcare 23.96 1.35 0.00 1.31
equal L&T Infotech Technology 19.39 1.52 0.00 1.27
down Siemens Engineering 48.01 1.79 0.00 1.23
down ICICI Prudential Life Insurance Co. Ltd. Financial 62.13 1.31 0.00 1.20
down HDFC Life Insurance Financial 88.44 1.31 0.00 1.11
down Motherson Sumi Systems Automobile 29.36 1.49 0.00 1.11
equal Titan Company Cons Durable 73.35 2.38 0.00 1.10

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-Nov-2019

Fund Manager

— Atul Bhole since 01-Jun-2016

Education: Mr. Bhole is a B.Com (H), Chartered Accountant and MMS.

Experience: Prior to joining DSP Mutual Fund he has worked with Tata Mutual Fund, JP Morgan Services Pvt. Ltd. and SBI Treasury.

Interviews:

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:


0.36%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 162.0750

Dividend: ₹ 22.4430


Investment Strategy

The scheme seeks to generate long-term capital appreciation and current income from a portfolio constituted of equity and equity related securities as well as fixed income securities (debt and money market securities).

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 1% for redemption within 365 days

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 27-May-1999
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 6,253 Cr (As on 30-Nov-2019)
Expense: 1.82% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend28-Nov-20190.2100

 25-Oct-20190.2100
 27-Sep-20190.2100
 28-Aug-20190.2100
 26-Jul-20190.2100
 28-Jun-20190.2100
 28-May-20190.2100
 26-Apr-20190.2100
 28-Mar-20190.2100
 28-Feb-20190.2100
 28-Jan-20190.2100
 28-Dec-20180.2100
 28-Nov-20180.2100
 26-Oct-20180.2100
 28-Sep-20180.2100
 28-Aug-20180.2100
 27-Jul-20180.2100
 28-Jun-20180.2100
 28-May-20180.2100
 27-Apr-20180.2100
 28-Mar-20180.2100
 28-Feb-20180.2100
 25-Jan-20180.2100
 28-Dec-20170.2100
 28-Nov-20170.2100

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

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM