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DSP Equity & Bond Fund


1 Lakh

Investment Grown to
₹ 1.35 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.27 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 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 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-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 5.98 -0.04 0.18 4.01 7.17 16.29 24.62 10.64 10.01 13.79 11.74
VR Balanced TRI* -0.30 0.63 -0.57 -0.72 0.98 8.85 13.08 11.35 7.72 11.23 10.27
Hybrid: Aggressive Hybrid* 0.79 -1.36 -0.67 -1.24 2.09 10.18 10.36 6.85 6.82 12.28 10.82

As on 20-Feb-2020

* As on 24-Feb-2020

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) -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 10.20 10.86 0.42 0.55 0.88 -0.96
VR Balanced TRI 11.92 10.21 0.61 0.95 -- --
Hybrid: Aggressive Hybrid 8.38 9.75 0.28 0.44 0.83 -2.46

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

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 51
Top 10 Holdings (%) 36.29
Top 5 Holdings (%) 24.37
Top 3 Sectors (%) 44.61
Portfolio P/B Ratio 4.93
Portfolio P/E Ratio 34.93

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 2.49
equal 7.59% GOI 2026 GOI Securities SOV 1.69 - 1.88 1.69
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.66 1.24
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.44 - 1.33 1.20
new 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 1.16 1.16
equal 8.60% Bank of Baroda 2022 Debenture AA+ 0.95 - 1.27 1.13
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.11 1.11
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 0.88 0.85
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.81 - 2.04 0.81
equal 8.50% Bank of Baroda Bonds AA 0.00 - 0.80 0.79
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 0.80 0.78
equal 8.15% State Bank of India Bonds AA+ 0.72 - 0.82 0.72
up 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 0.71 0.71
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 0.71 - 1.16 0.71
equal HPCL 14/08/2024 Debenture AAA 0.00 - 0.49 0.48
equal KKR India Financial Services 14/03/2021 Debenture AA 0.00 - 0.47 0.46
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 0.45 0.43
equal 7.46% REC 28/02/2022 Non Convertible Debenture AAA 0.00 - 0.43 0.42
equal KKR India Financial Services 2021 Debenture AA 0.00 - 0.42 0.41
equal 9.02% REC 19/11/2022 Bonds AAA 0.41 - 0.47 0.41
equal 8.45% REC 22/03/2022 Debenture AAA 0.00 - 0.45 0.41
new 6.91% NHPC 15/09/2022 Debenture AAA 0.00 - 0.40 0.40
new 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 0.39 0.39
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 0.78 0.34
equal 8.15% REC 2022 Non Convertible Debenture AAA 0.00 - 0.35 0.33

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 53.00 7.17 1.54 7.14
equal ICICI Bank Financial 36.13 6.44 1.93 6.07
equal HDFC Bank Financial 25.23 5.97 3.40 5.53
equal Kotak Mahindra Bank Financial 36.78 3.76 0.00 3.14
equal Hindustan Unilever FMCG 70.51 3.25 0.00 2.49
equal Avenue Supermarts Services 126.67 2.39 0.00 2.39
down Alkem Laboratories Healthcare 28.12 2.36 0.00 2.36
up Ultratech Cement Construction 35.94 2.35 0.00 2.35
equal Asian Paints Chemicals 64.22 2.87 0.87 2.33
up Axis Bank Financial 42.77 3.65 0.00 2.19
equal Godrej Properties Construction 86.08 1.87 0.00 1.87
down Tata Consultancy Services Technology 24.50 2.82 0.00 1.79
down Shree Cement Construction 64.13 2.64 1.49 1.60
equal Bharti Airtel Communication -- 1.43 0.00 1.43
equal BPCL Energy 12.90 1.51 0.00 1.27
equal Kansai Nerolac Paints Chemicals 50.57 1.41 0.69 1.23
down Ipca Laboratories Healthcare 29.96 1.35 0.00 1.23
up Divi's Laboratories Healthcare 45.16 1.30 0.00 1.23
down ICICI Lombard General Insurance Financial 51.93 2.04 0.00 1.19
equal ICICI Prudential Life Insurance Co. Ltd. Financial 60.84 1.31 0.00 1.18
up Bajaj Finserv Financial 37.59 2.60 0.00 1.15
equal HDFC Life Insurance Financial 83.83 1.31 0.00 1.12
equal Motherson Sumi Systems Automobile 25.91 1.49 0.00 1.10
equal V-Mart Retail Services 78.30 1.37 0.00 1.05
equal SKF India Engineering 33.03 1.10 0.00 1.00

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-Jan-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:


-0.04%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 173.5350

Dividend: ₹ 23.5350


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
Return Since Launch: 14.74%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 6,497 Cr (As on 31-Jan-2020)
Expense: 1.93% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 137.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend28-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
 28-Jun-20180.2100
 28-May-20180.2100
 27-Apr-20180.2100
 28-Mar-20180.2100
 28-Feb-20180.2100
 25-Jan-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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