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4 star

DSP Equity & Bond Fund


Hybrid: Aggressive Hybrid

1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.80 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 -3.37 0.99 0.28 2.17 12.77 -6.69 6.84 4.02 6.85 13.67 9.37
VR Balanced TRI -6.17 -0.21 -0.87 6.41 10.71 -4.89 1.77 4.89 6.81 10.55 8.60
Hybrid: Aggressive Hybrid -4.54 1.06 0.11 4.17 14.24 -5.50 3.34 1.79 5.29 11.50 8.43
Rank within category 12 20 7 29 21 21 8 7 7 6 5
Number of funds in category 33 33 33 33 33 33 32 27 20 18 17

As on 04-Aug-2020

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 6.84 4.02 6.85 1.91 5,661
SBI Equity Hybrid Fund  | Invest Online
5 star
Dec-95 4.04 5.43 7.19 1.63 30,192
Mirae Asset Hybrid Equity Fund - Regular Plan  | Invest Online
4 star
Jul-15 4.41 4.79 8.39 1.88 3,468
Canara Robeco Equity Hybrid Fund - Regular Plan  | Invest Online
5 star
Feb-93 10.36 6.15 7.60 2.00 3,041
HDFC Children's Gift Fund  | Invest Online
4 star
Mar-01 5.01 3.61 6.98 1.97 3,022

Best & Worst Performance

Best (Period) Worst (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 5.21 17.16 0.00 0.00 0.91 -1.02
VR Balanced TRI 6.33 17.40 0.06 0.07 -- --
Hybrid: Aggressive Hybrid 2.87 16.55 -0.14 -0.14 0.90 -3.35
Rank within category 8 25 8 8 22 7
Number of funds in category 34 34 34 34 34 34

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

As on 31-Jul-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 55
Top 10 Holdings (%) 35.44
Top 5 Holdings (%) 22.61
Top 3 Sectors (%) 42.56
Portfolio P/B Ratio 3.98
Portfolio P/E Ratio 26.06

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 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 5.80 5.80
equal 9.65% Green Infra Wind Energy 2023 Debenture AA 0.00 - 2.72 2.61
down 7.59% GOI 2026 GOI Securities SOV 1.69 - 3.20 2.10
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.08 - 1.47 1.38
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 1.08 1.04
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 0.94 0.92
down 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 0.96 0.75
up 9.30% Power Grid Corporation 2024 Bonds AAA 0.07 - 0.63 0.63
equal HPCL 14/08/2024 Debenture AAA 0.00 - 0.64 0.62
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 0.62 0.62
down 7.27% GOI 2026 GOI Securities SOV 0.60 - 4.89 0.60
down 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.56 - 3.14 0.56
equal KKR India Financial Services 14/03/2021 Debenture AA 0.00 - 0.59 0.55
down 7.95% GOI 2032 GOI Securities SOV 0.00 - 1.18 0.51
equal 8.11% Export-Import Bank 2025 Bonds AAA 0.00 - 0.52 0.50
new 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 0.49 0.49
equal 6.91% NHPC 15/09/2022 Debenture AAA 0.00 - 0.52 0.49
down 8.60% Bank of Baroda 2022 Debenture AA+ 0.48 - 1.42 0.48
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.41 - 1.33 0.48
down KKR India Financial Services 2021 Debenture AA 0.00 - 0.53 0.47
up 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 0.47 0.47
equal 8.50% Bank of Baroda Bonds AA 0.00 - 0.99 0.46
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 0.46 0.45
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 0.40 0.39
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.32 - 0.43 0.39

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
down HDFC Bank Financial 20.09 6.28 3.63 5.00
up Bharti Airtel Communication -- 4.59 0.00 4.58
down ICICI Bank Financial 22.35 6.44 1.93 4.11
up Ultratech Cement Construction 21.67 3.17 0.59 3.12
down Bajaj Finance Financial 38.76 7.34 2.12 3.04
down Coromandel International Chemicals 18.26 2.44 0.00 2.44
up Muthoot Finance Financial 16.43 2.38 0.00 2.38
up Tata Consultancy Services Technology 27.04 2.82 0.00 2.36
up Kotak Mahindra Bank Financial 30.77 3.76 0.00 2.20
up Avenue Supermarts Services 137.67 2.69 0.00 1.89
equal Britannia Inds. FMCG 54.13 1.79 0.00 1.79
down Bajaj Finserv Financial 26.24 2.60 0.00 1.71
equal V-Mart Retail Services 65.21 1.67 0.00 1.65
down Godrej Properties Construction 87.85 1.87 0.00 1.62
up Indraprastha Gas Energy 21.77 1.60 0.00 1.60
down Shree Cement Construction 50.73 2.64 1.55 1.56
equal Divi's Laboratories Healthcare 51.89 1.61 0.00 1.47
equal Dr. Reddy's Lab Healthcare 39.63 1.73 0.00 1.44
equal Atul Chemicals 24.13 1.34 0.00 1.29
equal ICICI Lombard General Insurance Company Financial 47.85 2.04 0.00 1.26
new Infosys Technology 23.76 2.65 0.00 1.25
down Alkem Laboratories Healthcare 31.05 2.61 0.00 1.23
equal HDFC Life Insurance Financial 93.81 1.31 0.00 1.18
down Asian Paints Chemicals 72.50 2.87 0.87 1.13
equal ICICI Prudential Life Insurance Co. Ltd. Financial 60.88 1.31 0.00 1.12

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-Jun-2020

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:


0.99%

Change from previous, NAV as on 04-Aug-2020

Growth: ₹ 158.2260

Dividend: ₹ 20.3060


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 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: 13.91%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 5,661 Cr (As on 30-Jun-2020)
Expense: 1.91% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 190.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend28-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
 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

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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