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4 star

DSP Equity & Bond Fund


1 Lakh

Investment Grown to
₹ 1.65 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.02 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of 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 sharp ups and downs.

Like for 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 fund 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 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
Fund 22.71 0.28 -0.95 -2.35 -0.46 10.26 28.26 18.11 14.16 12.49 14.50
VR Balanced TRI 21.05 0.95 -1.25 -3.62 0.84 9.81 27.99 16.09 15.44 11.07 13.42
Hybrid: Aggressive Hybrid 24.22 0.53 -1.23 -2.27 1.57 11.49 30.43 15.25 13.01 10.68 13.85
Rank within category 24 41 10 19 39 24 21 4 10 3 9
Number of funds in category 44 45 45 45 45 45 43 37 28 23 22

As on 01-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Equity & Bond Fund  | Invest Online
4 star
May-99 28.26 18.11 14.16 1.86% 7,559
SBI Equity Hybrid Fund  | Invest Online
4 star
Dec-95 27.83 16.80 14.18 1.66% 48,043
ICICI Prudential Equity & Debt Fund  | Invest Now
4 star
Nov-99 51.05 19.07 15.11 1.80% 18,740
Canara Robeco Equity Hybrid Fund - Regular Plan  | Invest Online
5 star
Feb-93 25.65 17.36 14.91 1.93% 6,901
Mirae Asset Hybrid Equity Fund - Regular Plan  | Invest Online
4 star
Jul-15 28.18 16.04 14.97 1.81% 6,246

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 14.06 14-May-2009 - 21-May-2009 -15.93 15-Jan-2008 - 22-Jan-2008
Month 24.71 11-May-2009 - 10-Jun-2009 -28.84 20-Feb-2020 - 23-Mar-2020
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 18.14 16.68 0.86 0.90 0.88 3.26
VR Balanced TRI 16.35 17.90 0.70 0.83 -- --
Hybrid: Aggressive Hybrid 15.63 16.75 0.71 0.76 0.89 0.69
Rank within category 5 27 6 8 25 8
Number of funds in category 41 41 41 41 41 41

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

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 57
Top 10 Holdings (%) 37.31
Top 5 Holdings (%) 24.37
Top 3 Sectors (%) 39.68
Portfolio P/B Ratio 5.18
Portfolio P/E Ratio 34.37
Avg Credit Rating AAA

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
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 6.44 6.34
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 6.82 2.42
down 7.59% GOI 2026 GOI Securities SOV 1.93 - 3.01 1.95
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 1.62 1.62
up 7.17% GOI 2028 GOI Securities SOV 0.00 - 2.67 1.35
down 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 2.42 1.34
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 0.61 - 1.17 0.99
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 0.00 - 0.84 0.68
equal 6.51% GOI 2024 GOI Securities SOV 0.00 - 0.82 0.67
equal 4.64% Oil & Natural Gas Corporation 21/11/2023 Debenture AAA 0.66 - 0.84 0.66
equal 9.65% Green Infra Wind Energy 2023 Debenture AA 0.59 - 2.46 0.59
equal 6.39% Indian Oil Corporation 2025 Debenture AAA 0.49 - 0.63 0.50
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.00 - 0.35 0.35
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 0.44 0.35
equal 5.81% REC 31/12/2025 Debenture AAA 0.00 - 0.38 0.34
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.28 - 0.36 0.28
equal 6.50% Power Finance Corporation 17/09/2025 Non Convertible Debenture AAA 0.00 - 0.32 0.27
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.00 - 0.26 0.21
equal 7.75% Sundaram Home Finance 2023 Bonds/NCDs AA+ 0.00 - 0.26 0.21
new 6.09% Power Finance Corporation 27/08/2026 Non Convertible Debenture AAA 0.00 - 0.20 0.20
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 0.16 0.14
equal 5.39% Gujarat State 31/03/2024 State Development Loan SOV 0.00 - 0.08 0.07
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.07 - 0.18 0.07
equal 7.09% Food Corporation of India 13/08/2031 Non Convertible Debenture AAA 0.00 - 0.07 0.07
equal 8.13% Power Grid Corporation 25/04/2023 Debenture AAA 0.07 - 0.09 0.07

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 ICICI Bank Financial 23.82 6.93 3.98 6.93
equal HDFC Bank Financial 24.36 6.28 4.50 5.17
equal Ultratech Cement Construction 33.16 3.24 1.51 2.98
equal Avenue Supermarts Services 221.33 2.95 1.24 2.95
equal Infosys Technology 34.54 3.30 0.00 2.82
equal Bajaj Finance Financial 85.39 7.34 2.23 2.80
equal Bajaj Finserv Financial 65.52 2.78 0.00 2.78
equal Axis Bank Financial 20.84 3.65 1.11 2.12
equal HCL Technologies Technology 27.18 2.26 0.00 2.02
equal Gujarat Gas Energy 31.21 2.18 0.00 1.82
equal Kotak Mahindra Bank Financial 38.81 3.76 0.00 1.80
equal Dr. Reddy's Lab Healthcare 39.09 2.21 0.00 1.62
equal Radico Khaitan FMCG 50.33 1.54 0.00 1.54
equal SBI Cards & Payments Services Financial 87.37 1.51 0.00 1.51
equal Motherson Sumi Systems Automobile 33.75 1.76 0.00 1.50
equal KNR Constructions Construction 19.38 1.61 0.57 1.34
equal Century Plyboards (India) FMCG 45.65 1.27 0.00 1.27
equal Minda Industries Automobile 71.64 1.37 0.59 1.17
equal Polycab India Engineering 42.66 1.18 0.00 1.12
equal ICICI Lombard General Insurance Company Insurance 56.20 2.04 1.01 1.11
equal Solar Industries Chemicals 74.93 1.08 0.00 1.08
equal HDFC Life Insurance Insurance 124.56 1.32 0.00 1.07
equal Alkem Laboratories Healthcare 24.14 2.61 0.96 1.07
equal Kei Industries Engineering 31.15 1.09 0.00 1.07
equal Can Fin Homes Financial 16.92 1.14 0.00 1.04

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-Oct-2021

Fund Manager

— Abhishek Ghosh since 01-Jan-2021

Education: Mr. Ghosh is a MBA Finance, BE (Electronics)

Experience: Prior to joining DSP Mutual Fund, he has worked with Motilal Oswal Securities, IDFC securities Ltd, BNP Paribas, B&K Securities, Edelweiss Securities.

Funds Managed:

— 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:


0.28%

Change from previous, NAV as on 01-Dec-2021

Growth: ₹ 235.1500

IDCW: ₹ 27.2670


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 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 364 days

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 27-May-1999
Return Since Launch: 15.04%
Benchmark: CRISIL Hybrid 35+65 Aggressive Index
Riskometer: Very High
Type: Open-ended
Assets: ₹ 7,559 Cr (As on 31-Oct-2021)
Expense: 1.86% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Above Average
Turnover: 89.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW26-Nov-20210.2000

 28-Oct-20210.2000
 28-Sep-20210.1500
 27-Aug-20210.1500
 28-Jul-20210.1500
 28-Jun-20210.1500
 28-May-20210.1500
 28-Apr-20210.1500
 26-Mar-20210.1500
 26-Feb-20210.1500
 28-Jan-20210.1500
 28-Dec-20200.1500
 27-Nov-20200.1500
 28-Oct-20200.1500
 28-Sep-20200.1500
 31-Aug-20200.1500
 28-Jul-20200.1500
 26-Jun-20200.1500
 28-May-20200.1500
 28-Apr-20200.1500
 27-Mar-20200.2100
 28-Feb-20200.2100
 28-Jan-20200.2100
 27-Dec-20190.2100
 28-Nov-20190.2100

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

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