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DSP Savings Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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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(₹)
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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 0.65 0.02 0.09 0.40 1.23 2.95 7.53 6.91 6.92 7.55 7.22
CCIL T Bill Liquidity Weight 0.55 0.04 0.10 0.36 0.91 1.88 4.15 4.15 4.46 4.78 4.71
Debt: Money Market 0.82 0.02 0.10 0.52 1.39 3.24 7.42 7.02 7.42 7.89 7.97
Rank within category 17 12 17 17 17 16 10 -- -- -- --
Number of funds in category 19 19 19 19 19 19 17 13 13 13 12

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.93 (24-Jul-2013 - 31-Jul-2013) -1.12 (17-Jul-2000 - 24-Jul-2000)
Month 2.68 (24-Jul-2013 - 23-Aug-2013) -1.44 (15-Jan-2003 - 14-Feb-2003)
Quarter 4.71 (16-Jul-2013 - 15-Oct-2013) -0.11 (26-Nov-2002 - 25-Feb-2003)
Year 13.90 (25-Aug-2000 - 27-Aug-2001) 2.23 (08-Apr-2009 - 08-Apr-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.72 0.69 1.53 3.16 1.81 3.96
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Money Market 6.81 0.70 2.74 6.85 0.99 2.74
Rank within category 12 13 12 11 15 2
Number of funds in category 15 15 15 15 15 15

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 30 17 41
Modified Duration (yrs) 0.11 0.79 0.03 0.34
Average Maturity (yrs) 0.11 0.85 0.03 0.33
Yield to Maturity (%) 5.24 7.87 5.20 5.72

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 9.17 9.17
equal Export-Import Bank 27/03/2020 Certificate of Deposit A1+ 0.00 - 6.86 6.86
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 8.40 6.42
equal Hero FinCorp 366-D 12/03/2020 Commercial Paper A1+ 0.00 - 8.75 5.96
equal IDFC First Bank 2020 Certificate of Deposit A1+ 0.00 - 5.38 4.59
equal Reliance Retail Ltd. 97-D 09/03/2020 Commercial Paper A1+ 0.00 - 4.59 4.59
equal Reliance Jio Infocomm 96-D 09/03/2020 Commercial Paper A1+ 0.00 - 4.59 4.59
equal Tata Capital Housing Finance 364-D 06/03/2020 Commercial Paper A1+ 0.00 - 5.36 4.59
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 6.32 4.59
down HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 9.04 4.59
equal Sundaram Finance 364-D 20/03/2020 Commercial Paper A1+ 0.00 - 4.58 4.58
equal Tata Capital Financial Services 365-D 13/03/2020 Commercial Paper A1+ 0.00 - 5.35 4.58
equal HDFC Credila Financial Services 364-D 13/03/2020 Commercial Paper A1+ 0.00 - 5.34 4.58
equal LIC Housing Fin. 312-D 24/03/2020 Commercial Paper A1+ 0.00 - 4.58 4.58
down Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 4.14 3.67
equal Cholamandalam Invest. & Fin. 351-D 13/03/2020 Commercial Paper A1+ 0.00 - 3.67 3.67
equal National Bank Agr. Rur. Devp 13/03/2020 Commercial Paper A1+ 0.00 - 5.23 2.75
equal Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 5.38 2.29
equal SIDBI 2020 Commercial Paper A1+ 0.00 - 2.29 2.29
equal Kotak Mahindra Investments 326-D 13/03/2020 Commercial Paper A1+ 0.00 - 2.29 2.29
down ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 4.14 2.29
equal ICICI Bank 16/03/2020 Certificate of Deposit A1+ 0.00 - 2.29 2.29
equal ICICI Bank 23/03/2020 Certificate of Deposit A1+ 0.00 - 3.68 2.29
equal Tata Capital Housing Finance 366-D 11/03/2020 Commercial Paper A1+ 0.00 - 4.13 0.92

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

— Kedar Karnik since 18-Jul-2016

Education: Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.

Experience: Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..

Funds Managed:

— Rahul Vekaria since 14-Feb-2018

Education: Mr. Vakaria is CA and pursuing CFA Level II.

Experience: Prior to joining DSP Mutual Fund he has worked with Axis mutual Fund as a Fund Manager.

Funds Managed:


0.02%

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

Growth: ₹ 38.9790

Dividend Monthly: ₹ 10.7565

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Dividend Half Yearly: ₹ 12.0962

Dividend Daily: ₹ 10.0628


Investment Strategy

The scheme seeks to generate income through investment in a portfolio comprising of Treasury Bills and other Central Government Securities with a residual maturity less than or equal to 1 year.

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: 30-Sep-1999
Return Since Launch: 6.89%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,084 Cr (As on 31-Jan-2020)
Expense: 0.47% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily19-Feb-20200.0016

 17-Feb-20200.0009
 16-Feb-20200.0028
 13-Feb-20200.0009
 12-Feb-20200.0010
 11-Feb-20200.0009
 10-Feb-20200.0011
 09-Feb-20200.0028
 06-Feb-20200.0009
 05-Feb-20200.0009
 04-Feb-20200.0009
 03-Feb-20200.0009
 02-Feb-20200.0028
 30-Jan-20200.0010
 29-Jan-20200.0010
 28-Jan-20200.0010
 27-Jan-20200.0009
 26-Jan-20200.0028
 23-Jan-20200.0010
 22-Jan-20200.0009
 21-Jan-20200.0009
 20-Jan-20200.0010
 19-Jan-20200.0028
 16-Jan-20200.0010
 15-Jan-20200.0010
Dividend Monthly28-Jan-20200.0284

 27-Dec-20190.0282
 28-Nov-20190.0393
 25-Oct-20190.0395
 27-Sep-20190.0343
 28-Aug-20190.0637
 26-Jul-20190.0586
 28-Jun-20190.0450
 28-May-20190.0658
 26-Apr-20190.0212
 28-Mar-20190.0532
 28-Feb-20190.0440
 28-Jan-20190.0424
 28-Dec-20180.0514
 28-Nov-20180.0554
 26-Oct-20180.0395
 30-Sep-20180.0355
 28-Aug-20180.0429
 27-Jul-20180.0472
 28-Jun-20180.0606
 28-May-20180.0141
 27-Apr-20180.0032
 28-Mar-20180.0694
 28-Feb-20180.0303
 25-Jan-20180.0308
Dividend Half Yearly27-Sep-20190.3338

 28-Mar-20190.3236
 30-Sep-20180.2394
 28-Mar-20180.2386
 28-Sep-20170.2327
 27-Mar-20170.2357
 28-Sep-20160.2801
 28-Mar-20160.2549
 28-Sep-20150.2966
 27-Mar-20150.3111
 26-Sep-20140.1529
 27-Jun-20140.1598
 28-Mar-20140.1497
 27-Dec-20130.1754
 27-Sep-20130.3567
 28-May-20130.1266
 28-Mar-20130.1646
 28-Dec-20120.1476
 28-Sep-20120.1708
 28-Jun-20120.1821
 28-Mar-20120.1440
 28-Dec-20110.1696
 29-Sep-20110.1780
 28-Jun-20110.1410
 28-Mar-20110.1450

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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